From Pine View Farm

August, 2009 archive

“Truth in Vending” 0

Bank exec decries “mark to market.”

What “mark to market means” is valuing assets based on what they are worth (the market value) rather than based on what the financial outfit which owns them wishes they were worth. Since Reago-Bushonomics was based on wishful theorizing, it’s proponents want their balance sheets based on wishful accounting.

Investors should beware the Financial Accounting Standards Board’s decision yesterday to consider expanding fair-value rules, said Brian Wesbury, chief economist at First Trust Advisors LP in Wheaton, Illinois.

“Like a horror flick monster that just won’t stay dead, FASB’s accountants are proposing to expand the application of mark-to-market accounting rules across the board to include all financial assets, including regular loans,” Wesbury said.

Gosh. Expecting them to tell the truth about what their businesses are worth is now a “horror flick monster” to bankers. There are, natch, the same bankers that ran their banks down the drain. Stuff like this is why.

“The truth shall set you free” becomes now “the lie shall set your fee.”

Words fail me.

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Calling Tonya Harding 1

Thinking outside of the box inside the squared circle:

Women boxers will have the chance to fight for gold at the 2012 Olympics.

International Olympic Committee chiefs voted on Thursday to lift the barrier to the last all-male summer sport.

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Return of the Mary Celeste? (Updated) 0

Will this be the next Mary Celeste? The BBC reports on the Arctic Sea.

A cargo ship carrying timber worth $1.8m (£1m) from Finland to Algeria is apparently briefly hijacked off the coast of Sweden before continuing its journey through the English Channel – and then disappears.

Nothing has been heard from the Maltese-flagged Arctic Sea since its last recorded sighting on 30 July, and officials appear to have no idea where it could be.

If this event had occurred in the seas off east Africa, the finger would immediately have been pointed at Somalia’s notorious pirates.

But the Arctic Sea disappeared while rounding the west coast of France, in what are considered to be the pirate-free shipping lanes of Europe.

Addendum:

Possibly found.

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Mobocracy 0

Dick Polman recounts what happens when a Town Hall Teabagger is interviewed by someone knowledgeable (hint: It wasn’t Lou Dobbs). Follow the link to read the whole thing which leads him to his conclusion; it’s worth it to see how far removed from reality the wingnutosphere has made itself. His conclusion:

But I was most struck by one particular exchange. Abram had indicated at the town hall that her fight against health care reform marked her debut in the political sphere, at the age of 35. O’Donnell, picking up on that, asked how she “as an adult” could have lived through the contentious Iraq war without paying any attention to politics. (He could have pointed out that the government she so fears has actually been paying out roughly $3 billion each week since 2003 to fight a war that was falsely sold to people like her, thereby indebting the children she invoked.)

So, his question in essence was: If you’re so steamed up now about the cost of health care reform for Americans, how could you have not been steamed up about the cost of that war?

Her answer: “Honestly, I didn’t really care.”

And then this, moments later: “Maybe I’m just not that smart.”

Bingo! And the frightening thing is, there are so many mobbers just like her. Where have you gone, James Madison?

Here’s the actual interview:

Go here to see the wingnut-edited version.

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The Truth about Canadian Healthcare 0

Via Eileen Davis.

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Consultation 0

Scientific Blogging looks at end-of-life consultations as in a social context.

They report that, while most persons want an explanation of the alternatives as death approaches, only about half want an actual recommendation:

“This is an important article that has changed my clinical practice,” said J. Randall Curtis, M.PH., M.D., president of the American Thoracic Society and Professor of Medicine Pulmonary and Critical Care Medicine Section Head, Harborview Medical Center in Seattle, WA”I had previously assumed that almost all families would want physicians’ recommendations, but these findings indicate that there is no such consensus among surrogates. I suspect that physicians can do more harm by withholding a recommendation that is desired than by providing a recommendation that is not desired, but this study suggests we should ask rather than assume.”

Just over half (51 percent) of the surrogates expressing a preference for receiving their doctors’ advice believed that it was the doctor’s role to provide that opinion, whereas nearly four of five (79 percent) who preferred not to receive the advice saw it as overstepping.

I mentioned yesterday that my father had a Living Will and an Advance Directive, as do I. I do not know whether he consulted anyone. I know I didn’t–I know I do not want to end my life as an experiment in how long the shell of my body can be preserved after all pretense of consciousness or soul are long gone.

Too often, though, such decisions must be made by “surrogates” (relatives) who must act in the absence of any guidance from the person who is dying.

To this link in perspective, the whole “euthanisizing grandma” hysteria that the wingnuttiest have embraced has to do with a proposal that Medicare be allowed to pay for a patient’s consulting with a doctor about “end-of-life” issues such as hospice care, living wills, and the like, so that, when the time comes, the sick person’s wishes are known. Since doctors are paid under a “fee for service” model, if payment is not allowed, doctors have no fiduciary reason for providing such a service.

The harsh truth is that the death rate is, to paraphrase Mark Twain, one per person. Not talking about it doesn’t make it go away.

Not talking about dying and issues around dying is, in fact, silly and stupid; it is living with blinders on.

Much like the teabagger movement itself.

Then, again, Mencken was right.

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One Tree or Two 0

Two trees for the price of one

Read more »

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Death Panels 0

When you lie, the truth comes back to bite you (emphasis added):

Tuesday, March 22, 2005 Sun Hudson, a six-month old Texas baby died last week when health care providers at Texas Children’s Hospital in Houston, Texas removed his life support system over the objections of his mother. The action was authorized under the 1999 Futile Care Law which was signed into law by then-Gov. George W. Bush.

Under the Texas Futile Care Law, health care workers are allowed to remove expensive life support for terminally ill patients if the patient or family is unable to pay the medical bills.

Via Cookie Jill.

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Wingnut Optometry 0

Auth

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Darting About 0

This is pretty disgusting.

Someone is driving around upper Delaware shooting darts at bicyclists.

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Establismentarianism 0

No conscience. No self-awareness. No shame.

ASZ has the dope.

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Facts Mean Nothing to a True Believer 0

Oh, man, this is a hoot.

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Another Bushie Conspiracy Confirmed 0

DoughJ has details.

Yes. They were as bad as we lefties said they were.

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Warning Sign 0

Received via email.

Espresso and a kitten

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Arms Race 0

El Reg has more.

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A Personal Note on the Poison of Republican Lies 0

My father had a Living Will and an Advance Directive. So do I.

He and we were glad he did. The jury’s still out on me.

I sat at my father’s side as he died. I do not have words to express my disgust a the Republican Party’s choosing to twist this type of planning into “euthanasia.”

Nothing they have done since the Terry Schiavo carnival so exposes the venality and hypocrisy of the Republican Party.

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Lionel on Astroturfing Healthcare 0

Follow this link or listen below:

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Senator Bernie Sanders Unfiltered 0

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I Get Email 0

Civilized discourse:

My co-worker, Mike Ditto, went to Congressman Ed Perlmutter’s Town Hall meeting on Saturday to listen to him talk to constituents about health insurance reform. While he was there, his car was badly vandalized.

The side mirrors were smashed off. Big dent on his hood. And scratches and dents on every door and nearly every other panel of his car. All because he had an SEIU Healthcare Rally flier in his car.

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Brendan Gets a Phone Call 0

Details here.

And what he said about Miley Cyrus, spot on.

In fact, I wouldn’t pay to see her old man in concert either. His music is no more country than Wonder Bread is bread.

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