If you've traveled enough, you've probably noticed the huge disparity between your experience with other cultures, and the world as seen through the lens of "Brown People You Should Hate This Week News" (A.K.A Fox News). The more I travel, the more my belief that all people generally want the same things, and that all thriving communities are grounded in the elevation of the "we" over the "me", strengthens. The more technology allows us to connect and understand one another the less conflict we'll see. Our biggest hurdle though: Our Trillion dollar defense budget is predicated on having a boogie man under the bed. Evil doers hell bent on eating our children and destroying America. The share holders at Allied Defense require an enemy to fight. You might notice the weapons these Boogie men use are always American made.. You might notice that their money comes mostly from out biggest "Allies" in the area (Saudi Arabia)... ISIS is like the seed cockroaches a shady exterminator brings into your building so he's guaranteed another visit and a another pay day. ISIS gets paid when they make enough trouble to keep 51% of the US voting public scared. Since only 60% of the US population is allowed to vote, and voter turn out is only around 48% They only need to be scary to about 15% of the US populous to keep their business plan functioning and keep their brand strong : https://www.youtube.com/...
Imagining for a second we had a functioning non-corporate news media. It is so easy to run with the prepackaged news other giant corporations so conveniently provide. Some intrepid reporter might spend more than a few hours filing freedom of information act requests for pentagon statistics on kill statistic for marine snipers in the Iraq and Afghanistan theaters. They might then be able see how many standard deviations from the marine sniper norm Chris Kyles proclaimed 250 kills were.
--More below the fold
Here's an idea; Rather than wait for BP to pay up, seize the well. Nationalize it as part of the Strategic Petroleum Reserve and to make LA, FL and any other states this shit washes up on whole.
There's 50 Million barrels down there, about $5 Billion worth.
We'd also see immediate income as we'd stop taking "in kind" payments of oil to the strategic reserve from these oil companies and start collecting cash.
Yesterday I went snow boarding at Belleayre mountain in upstate NY.
On the way in I noticed an SUV in the parking lot had a "Taxed Enough Already" bumper sticker. (it's always the SUVs isn't it..)
That, unto itself, would not be all that noteworthy except that Belleayre is a STATE OWNED ski mountain.
This one is particularly insane.
No video yet but transcript is below the fold:
Somehow consumers scored a GIANT victory over the health care industry with passage of the Senate HCR bill,
the Healthcare industry by analysts estimates suddenly became 12% more profitable over the last ten days.
MORE CHARTS BELOW THE FOLD:
You’ve been rope-a-doped kid. All this time you thought you were winning. Sure they were chipping away some of the most progressive reforms, but hey we were still getting our big blows in... right?. Now at the last minute when "something has to pass" Joe Leiberman thinks its more conservative to funnel money through the private sector at a 30% markup than to let the same people buy into Medicare at a 3% administrative overhead, and what are you going to do about it sucker? Nothing! This has been perfectly timed. You’re finishing up that backlog of work before Christmas break, shopping for presents, planning your holiday. You’re house is nice and warm, and look there’s a new CSI on the TV.
Thereisnospoon is right when he says "He's sold you out because he's not afraid of you" Although, I would not say "he" I’d say "they".
If I'm reading United Health Cares last SEC filing correctly they made 1.44 Billion dollars in profit last quarter off 21 Billion dollars in revenue (AKA premiums) that's about a 6.6% return.
What if language is inserted into the health care bill to mandate that;
premiums will be adjusted every 6 months to insure that the government plan makes at least a 3 percent return. This profit will then be placed in a special account earmarked for medical research. Participants in the plan will have the option of selecting on their enrollment form which medical research issues they'd like their profits to go to. The money at the end of the year can be divided up proportionally based on that vote tally.
OUTRAGE I SAY! or at least says GOP Sen. Charles Grassley
"It's hard to see any common sense in management decisions that award hundreds of millions in bonuses when their organizations lost more than $100 billion in a year," Grassley said in a statement. "It's an insult that the bonuses were made with an infusion of cash from taxpayers."
The obvious meme here is that Dems protect Fannie/Freddie while throwing AIG under the bus.
Unfortunately this will back fire on the GOP when voters read the fine print.
That 210 Million is over three years and going to 7,600 employees who are now writing 70% of the new loans in the country while the commercial banks sit on the sidelines. That's an average bonus of $27,632.
By comparison AIG's $165 Million went to 168 executives as one time retention bonuses. Average Bonus $982,143
More below the fold
Images from BusinessWeek-- http://images.businessweek.com/...
"The stock market today isn’t so much about stocks as it is about stock movements. Hedge-fund traders don’t just invest in securities; they move markets, fundamentally altering stock valuations through the sheer size of their positions. When the price of Apple Inc. drops fifteen points not long after it announces a strong earnings report, it’s usually because of a hedge fund cashing out, the smart money exiting the building. As for the average investor buying stocks based on news reports and SEC filings—on the actual value of an underlying business? He’s the sucker at the table, the easy mark."
"The Sucker Wears a Wire" New York Magazine
More below the fold
I am not going to divulge any actual material from the show,
but will provide this general description:
Decision: Stewart by TKO
Cramer was still standing at the end, but Stewart annihilated CNBC.
And yes the latest tape does come out!
In case you missed it:
It is MUST SEE TV tonight.
Comedy Central should have thrown it up as a pay per view special.
They would have made a killing.
UPDATE: Huffington Post put up a link to excerpt on Youtube and
Dailyshow.com has FULL INTERVIEW up. (see bottom)
I offer my own little rant on fancial services below the fold.
Recommended by mtosner
- By now all of us have seen the horrible video that was released from wikileaks yesterday. This video is now rightfully in the public sphere so that we can debate things such as: what happens when ...603 comments 768 Recs
- The *TEABAG Movement sweeping across America* has forged a new English language vernacular. A phenomenon that linguists are calling *TEABONICS*.57 comments 39 Recs
- Most of us have seen Rachel's phenomenal obliteration of Republicans for their near-psychopathic hypocrisy. This diary is about action. It's time to hold them ...184 comments 735 Recs
- We often hear about the role that the pharmaceutical industry, for-profit health care companies, and big banks have in influencing and corrupting elections and elected officials. But there is ...284 comments 601 Recs
- Although the MSM has uneven coverage of this (front page in the New York Times ; completely buried in the Washington Post ), yesterday Bloomberg News, to its credit, revealed that ...337 comments 434 Recs
- Hello. Yesterday, I posted a blog entry here at Daily Kos and a ...207 comments 279 Recs
- I was not going to make my own diary in the middle of the night on this subject but today is a sad day for me. I am in my late thirties. It is the 4th Christmas without my Mommy and the 2nd ...15 comments 20 Recs
- I want to start by noting that as snarky as this diary may sound, I don't have anything personal against Jane Hamsher. Truth be told, I don't know all that much about her--I know she runs FDL, and I ...131 comments 30 Recs
- After our expose of the scandal over at Aptera Motors, Aptera quickly put ...48 comments 39 Recs
- Ann Nixon Cooper, the woman President Obama wove into the narrative of the American story during his victory speech in Grant Park last November, has passed away. She was 107 years old.68 comments 245 Recs
- No current results.
- No current results.