From Pine View Farm

March, 2009 archive

Bonddad on the GDP 0

Follow the link for the analysis:

. . . the problems in investment started in the residential area, but have since moved to all major subgroups. In addition, at the macro level, the drop in residential investment has been strong enough to make 8 of the last 11 quarters negative. In other words — it’s been bad for sometime.

(chart snipped)

Exports were the one solid performer — until last quarter when they dropped over 20%. Imports dropped as well due to the lack of consumer demand.

The bottom line is simple: there is no area of the economy looking good right now.

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Covering Up 0

CIA destroyed 92 tapes of its interrogations of prisoners. The tapes were subject to a discovery proceeding:

The ACLU immediately called for the judge to issue a “prompt finding of contempt” against the CIA.

Amrit Singh, an attorney with the ACLU and counsel on the case said to Raw Story, “The large number of video tapes destroyed confirms that this was a systemic attempt to evade court orders.”

Singh added, “It’s about time, now that the court knows 92 tapes have been destroyed, that it hold the CIA accountable for the destruction of the tapes.”

In other news, Attorney General Holder again rules out Bushie torture:

US Attorney General Eric Holder on Monday ruled out the use of waterboarding as an interrogation technique for “war on terror” suspects, saying it amounted to torture.

“Waterboarding is torture. My justice department will not justify it, will not rationalize it and will not condone it,” Holder said in a speech to the Jewish Council of Public Affairs.

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His 15 Minutes of Fame Are So Over 2

Joe the Plumber’s book signing. Into the toi–oh, never mind:

About 11 people wandered into the rows of seats set up hopefully in the basement of a downtown Border’s bookstore to hear Joe speak. Joe addressed them from behind a lectern and with a microphone, but that seemed unnecessarily formal.

Via Oliver Willis.

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Why We Need a Single-Payer Health Insurance System 0

Read this. All the way through.

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Some Snow Pix 7

The first three were taken about 8 a. m. while the snow was still falling.

Snow

Read more »

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The Cost of Perpetuating Ignorance 2

Steve sums up the successes of “abstinence only” sex education:

It took a while, but the statistics are finally showing that abstinence only education is a success! It is doing exactly what it is designed to do, leave boys and girls with too little information to control their own lives. Now the kicker is that teen preganacies are on the rise for the first time in well over a generation.

Later on, he has this quotation from the news story that prompted his post.

“Believe it or not, kids today get less information in schools about birth control than their parents did,” Columbia University professor Leslie M. Kantor said.

If they are getting less information than I did, they are truly in deep yoghurt. Or Jello. Or something.

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Breaking News 1

AIG is changing its name.

The new name:

Aaaaaarrrrrrrrrrrrggggggghhhhhhhhh.

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The Reflection at the Bottom of the Well 0

MarketPlace Morning Report just told me over Marconi’s Magic Box that, in the current economic situation, there are still . . .

. . . relatively good alcohol sales.

Somehow, I suspect that sales of single malts are down and sales of Olde Razorblade are up.

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Bread and Milk (Updated) 5

About four inches of snow so far (measured on the tonneau cover of my pick ’em up truck when I picked up my paper from my delivery person who does damned good work) and more coming.

I’ve ranted before about the screwy response of Delawareans to a forecast of snow. They act as if they were packing to explore Antartica. On foot. With no dog sleds.

The local rag did a piece on that today.

What I can’t figure out is why the story started with a report from Lowe’s.

Delawareans can be screwy, but I’ve never heard of one stocking up on plywood and nails and plumbing fixtures before a snow storm.

Addendum:

Bill, in the comments, suggests they were thinking “snow shovel panic,” which I didn’t think of because I have a snow shovel–same one I’ve had for 15 years. I think we had snow shovel panic earlier with one of the snows we didn’t have earlier.

Mithras reports chaos in his home town:

. . . sheer milk-bread-and-egg-buying panic has broken out, with milk-bread-and-egg riots devastating large swaths of the city . . . .

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Substance, Not Just Style 0

Nice catch by CC.

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What Digby Said 1

Here.

What Digby didn’t say:

These people are nutcases.

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The Audacity of Nope 0

The Booman analyzes the effects of the Republican Party’s policy of “Just say, ‘No'”:

His (Obama’s) early, conciliatory tone was necessary to teach the American people lessons that would allow them to accept the ambitious and uncompromising tone he is taking now. The Republicans did him a favor by slapping away the olive branch and adopting a harsh, paranoid, dishonest, and delusional stance in opposition. Few people can still see any merit in an inclusionary, bipartisan approach.

One of Bill Clinton’s nicknames was “Slick Willie.” It would more accurately have been “Slippery Willie.” Mr. Clinton had a knack for slipping out of tough spots, most of which were of his own creation.

Mr. Obama is not slippery. But he sure as heck is slick, slicker than the Republicans have yet comprehended. If politics were chess, he would be Deep Blue.

Republicans are still acting as if the tactics they used against Mr. Clinton (mostly screaming, lying–Vince Foster q. v.–finger-pointing, and fantasizing about other persons’ sex lives) will work against Mr. Obama.

They won’t.

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Drinking Liberally 0

Tuesday, Triumph Brewing Company, Chestnut between Letitia and 2nd, Philadelphia, Pa., USA, 6 p.

Sane persons talking about sanity.

If the weather forecast holds true, I’ll be there. Otherwise, otherwise.

Hell, your job is going away anyway. What else is there to do?

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Ending the Silly 0

One becomes certain that the Department of Homeland Security’s (which should never have been created and was one, maybe the only, thing Bush was right about and Democrats were wrong about–and should have been named the Department of Domestic Security if it had to be) stupid color-coded terror alert system, which was always directed more to promoting the fear that Bushism thrived on than at providing useful information, is on the way out when it becomes the subject of a poll at Parade dot com.

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Weather 1

The forecast is for snow.

Looks like they may be right this time (radar as of 4 p. m.):

radar mat

The worst snow storms we get in these parts are not the ones Karen sends here from Colorado. They tend to drop most of their snow over the Midwest and the western slope of the Appalachians.

The worst ones are the ones that come up from the south, all full of moisture sucked up from the Atlantic Ocean and the Chesapeake Bay.

Like this one six years ago.

Right now, the prediction is for two to four inches, enough to be annoying.

Yes, we have bread and milk.

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Grand Designs 0

Dick Polman takes a look at current Republican strategy. He sums it us thus:

There are surely tens of millions of voters whom the Republicans have yet to alienate, but, as evidenced this week, the project appears to be all systems go. CPAC will hear tomorrow from its closing speaker, Rush Limbaugh. That should help the project immensely.

And there’s arguably no better way for CPAC to signal the paucity of thought on the right, and thus alienate more voters, than to free up some time at the podium for…Joe the Plumber. Which is what happened yesterday, I kid you not. Need we say more?

Follow the link for the whole analysis.

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One More Time: The Internet Is a Public Place 2

Persons keep learning the hard way:

Kimberley Swann, 16, was dragged before the powers that be on Monday morning and summarily dismissed from her job at Ivell Marketing & Logistics, the Telegraph explains. She was handed a letter which read: “Following your comments made on Facebook about your job and the company we feel it is better that, as you are not happy and do not enjoy your work we end your employment with Ivell Marketing & Logistics with immediate effect.”

Swann described herself as “shocked” at the perfunctory nature of her ejection as a result of the comment “on her personal site”. She protested: “I did not even put the company’s name, I just put that my job was boring. They were just being nosy, going through everything. I think it is really sad, it makes them look stupid that they are going to be so petty.”

Afterthought:

Some jobs are boring, for heaven’s sake. Even the most exciting jobs have boring bits. Even Superman had to do his laundry (at least, I hope, for Lois Lane’s sake, that he did his laundry).

Anyone who enjoys at least half of his or her job is luckier than most.

The company clearly has overreacted, but she’s still out of a job.

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What Went Wrong 0

This American Life explains how the Wall Street banks broke the banks, and, in the process, defines in plain language all the gibberish terms and acronyms that Wall Street bankers use to conceal their foolish greed. From the website:

The collapse of the banking system explained, in just 59 minutes. Our crack economics team, the guys who explained the mortgage crisis, Alex Blumberg and NPR’s Adam Davidson are back to help all of us understand the news. For instance, when we talk about an insolvent bank what does it actually mean, and why are we giving hundreds of billions of dollars to rich bankers who screwed up their own businesses. Also, two guys go to New Jersey to look at a toxic asset.

If you want to know what’s going on, listen to this show.

I’ll link to the audio when it is posted. The audio is available for streaming or downloading at the link above.

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The Rest of the Story (Updated) 0

R. I. P. Paul Harvey.

In the olden days, I used to listen to him on WAMU-AM, which used to be one of the best radio stations in the country. (Now it’s just another wingnut talker).

He never let a fact stand in the way of a good story in his Rest of the Story feature.

Addendum:

Harry Shearer has an appreciation, starting about 30 minutes into the show.

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Grassrot Uprising (Updated) 0

Skippy hops after the money to see who paid for the tea.

Addendum:

John Cole is skeptical.

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