From Pine View Farm

May, 2012 archive

Nothing To Do, Nowhere To Go 0

A little better.

Jobless claims fell by 27,000 to 365,000 in the week ended April 28, a one-month low, from a revised 392,000 the prior period, Labor Department figures showed today in Washington. The median forecast of 46 economists surveyed by Bloomberg News called for 379,000 applications.

(snip)

The four-week moving average, a less-volatile measure than the weekly figures, climbed to 383,500 last week from 382,750.

The number of people continuing to receive jobless benefits fell to 3.28 million in the week ended April 21 from 3.33 million.

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QOTD 0

Pat Sajak:

That’s the trouble with trying to influence an undecided voter. First you have to find one.

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Make TWUUG Your LUG 0

Learn about the wonderful world of free and open source.

Tidewater Unix Users Group

What: Monthly TWUUG Meeting.

Who: Everyone in TideWater/Hampton Roads with interest in any/all flavors of Unix/Linux. There are no dues or signup requirements. All are welcome.

Where: Lake Taylor Transitional Care Hospital in Norfolk Training Room. See directions below. (Wireless and wired internet connection available.)

When: 7:30 PM till whenever (usually 9:30ish) on Thursday, May 3.

Directions:
Lake Taylor Hospital
1309 Kempsville Road
Norfolk, Va. 23502 (Map)

Pre-Meeting Dinner at 6:00 PM (separate checks)
Uno Chicago Grill
Virginia Beach Blvd. & Military Highway (Janaf Shopping Center). (Map)

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Bunnies! 0

It was evening and there wasn’t enough light for me to stop motion. I think they were indulging in some weird long-eared ritual.

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Hidden in Plain Sites 0

Diagram of Romney's overseas accounts.


Click for a larger image.

If Goldman Sachs is a vampire squid, this at least qualifies as an Octopus.

Via Bob Cesca.

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A Picture Is Worth . . . 0

The fruits of your labor.

Chart showing gains in US worker productivity, no gains in compensation

More at TPM.

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Drumbleats 0

Republicans accusing President Obama of politicizing Osama bin Laden while draped in Bush era jingoism

Image via Bob Cesca’s Awesome Blog. Video via Raw Story.

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Preoccupations 3

There’s the old story about the fellow who goes to a psychiatrist.

The shrink shows him an inkblot (I said it was an old story) and asks, “What does this remind you of.”

The patient answers, “Sex.”

The shrink shows him another inkblot, asks the same question, and gets the same answer.

After about 15 minutes of this, the shrink says, “I believe you are preoccupied with sex.”

The patient sits up angrily and retorts, “Me! You’re the fellow with all the dirty pictures!”

That patient had nothing on Republicans.

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Hoarders 0

So much for the “throw-away” society:

Self-storage companies, which rent units to small businesses and consumers under names such as “Uncle Bob’s Self Storage (SSS),” produced the best risk-adjusted return among 10 U.S. real estate investment trust indexes in the past decade, according to the BLOOMBERG RISKLESS RETURN RANKING. They had the highest total return and the third-lowest volatility, for a risk-adjusted gain of 10.6 percent. Owners of offices, hotels and warehouses fared among the worst, hurt by price swings.

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Gas Bags 0

The price of gasoline is dropping. Dick Polman hears the silence.

A nugget:

But wait a second…If we were take the original Republican position at face value (with a straight face), if we were to ignore global economic reality and instead assert that Obama warrants blame for the price spike – in other words, that an American president controls the price of gas – then does it not logically follow that Obama should get the credit for a 10-cent drop at the pump? Right?

So, are any Republicans saying that?

Hello out there?

Anybody home?

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Stray Thought 0

You know you’re getting old when you see a car (much) less than half your age sporting “Antique” plates.

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QOTD 0

Walter Bagehot:

An inability to stay quiet is one of the conspicuous failings of mankind.

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The Galt and the Lamers 0

Visit msnbc.com for breaking news, world news, and news about the economy

Via the Richmonder.

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Mitt the Flip Off Schools 0

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Update from the Foreclosure-Based Economy 0

Banks aren’t sure this is a good idea.

Richard Cordray wants lenders to adhere to the most basic tenet of banking: making sure borrowers can repay. Getting them to agree on how is proving tougher.

The director of the Consumer Financial Protection Bureau is aiming to discourage lenders from making home loans with risky features and outlining steps they must take to verify borrowers’ finances, as part of the “qualified mortgage” or QM regulation. Banks that follow the guidelines will gain legal protection against borrower defaults.

“Here’s what should be the least surprising lending advice you’ve ever heard: If you are going to lend money, you should probably care about getting paid back,” Raj Date, the agency’s deputy director, said in a speech April 20 in Los Angeles.

Could it be that they fear it might impede the pace of foreclosures mortgage sales commissions? Read the rest to find out.

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Under the Table 0

At the Chicago Trib, Steve Chapman decides that bribery is good, as long as it increases corporate revenue.

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Dreams of His Father 0

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Mitt the Flip’s Credit Suisse 0

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“An Armed Society Is a Polite Society” 0

Teaching the children well:

A woman was shot in the chest during an argument with her ex-boyfriend over babysitting chores in the East Garfield Park neighborhood (Chicago–ed.) on the West Side, police said this morning.

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The New Debtors’ Prisons 0

Steven D. reports on the 21st century version.

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