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Mon Mar 16, 2015 at 06:09 PM PDT

The Corporatization of Terror

by mtosner

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/...

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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.  

https://www.youtube.com/...
--More below the fold

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Sat Jun 05, 2010 at 02:52 PM PDT

Macondo Prospect Should Be part of SPR

by mtosner

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.
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Thu Jan 14, 2010 at 04:30 AM PST

Skiing the Public Option

by mtosner

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.

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Thu Dec 24, 2009 at 11:30 PM PST

Beck's latest chalkboard rant

by mtosner

This one is particularly insane.
No video yet but transcript is below the fold:

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Mon Dec 21, 2009 at 08:41 PM PST

Christmas Miracle

by mtosner

Somehow consumers scored a GIANT victory over the health care industry with passage of the Senate HCR bill,
AND
the Healthcare industry by analysts estimates suddenly became 12% more profitable over the last ten days.  

MORE CHARTS BELOW THE FOLD:

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Sat Dec 19, 2009 at 01:41 AM PST

If you want it, go out and get it!

by mtosner

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".

Poll

ARE YOU READY TO RALLY!

50%17 votes
29%10 votes
8%3 votes
11%4 votes

| 34 votes | Vote | Results

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Sun Aug 16, 2009 at 02:34 AM PDT

A "Competitive" public plan

by mtosner

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.

More below

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Jump to 22 minute mark :
http://www.c-span.org/...

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Fannie, Freddie worker bonuses total $210M

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

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Sat Mar 21, 2009 at 08:39 PM PDT

Cramer vs. Cramer

by mtosner


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
http://nymag.com/...

More below the fold

Poll

Jim Cramer...

37%15 votes
15%6 votes
47%19 votes

| 40 votes | Vote | Results

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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.

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