Monday, March 23, 2009
My whereabouts
Just checking in here. I've been on the road the last couple of days, first in southern Germany and now in Zurich. I've just arrived at my hotel, and have to do a little real work and otherwise find out what is going on in the world before I get up a blog post. Meanwhile, you'll have to content yourself with today's massive stock market rally. Like, what happened while I was not paying attention?
4 Comments:
By 
, at
Mon Mar 23, 06:42:00 PM:
That would be hope and change ...
For a day or so ...
http://www.bloomberg.com/apps/news?pid=20601103&sid=ay0Xgdn2tUK8
Whipped cream on dog poop it is. I don't see how this frees up lending, and wish I understood more of the big picture. Still 500 point rally is pretty nice if they can make it stick. I think we still test the low again, which makes big up days that much more painful.
By , at
Mon Mar 23, 11:57:00 PM:
It was a good day, both in the market and the O'Quiz.
Thank you for your playing the O'Quiz!
You answered 8 of 10 correctly.
The average score on this O'Quiz is 4.91
By , at
Tue Mar 24, 07:25:00 AM:
7/10. I need to get a life.
JLW III
By , at
Tue Mar 24, 05:16:00 PM:
So, TH asks, “what’s happening in the world?”
Well, Obama announced he has no stomach for the conflict in any country Afghanistan, and will probably leave the field of battle so that Bin Laden and Mullah Omar can figure out a good way to achieve national reconciliation.
The EPA has proposed the first step in the eventual regulation of breathing and other carbon emissions, has stopped previously contracted coal mining in major areas under lease, and outlawed oil drilling (both off shore and on shore ). As many here recall, the administration has all but eliminated the possibility of new nuclear reactors by ending the effort to build a national spent fuel storage site in Nevada. With the new carbon taxes the administration has proposed, amounting to perhaps as much as $1.4 trillion dollars over ten years, the clear strategy is to persuade the middle class to reduce their electricity use, via very high prices, presumably so that Al Gore can continue to live the high life without the messy necessity for ugly stuff like new power plants. Good alternative proposals exist, so that massive tax increases can be avoided in the teeth of a terrible recession, but they’re being ignored. I guess they need to become better politicians, or something.
The Department of Faith Based Initiatives within the EPA has taken on the issue of human health, arguing that global warming (a faith based “science”) is a health threat.
The Justice Department is harassing local law enforcement in areas of the country most affected by illegal immigration, hoping to intimidate change immigration enforcement rules. Similarly, MALDEF hopes to change ranchers views about the nature of private property in Arizona very much along the same lines.
Speaking of private property, Timmy, the Treasury Secretary today asked for the right to allocate economic resources to political supporters, if he can first determine that the old owners present something called a “systemic risk”, or aren’t respectful enough to the President, or something. After all, the regulation of AIG was so outstanding bad that the Feds obviously have earned the right to seize more power.
Fortunately, the President goes on TV tonight which should clear up a great deal. For example, is for or against bills of attainder? Does he favor mob assaults by his political supporters on convenient political targets? Does he think that extortion is OK if it’s the government doing the extorting? The Teleprompter of the United States is ready to answer all these questions and more!
