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How Bad is The Cost of Living Squeeze In the US?

newtboy says...

Another month’s numbers are out….
November inflation was .1%, proving October being 0% inflation wasn’t a fluke.
Yearly wage gains are still well over 4%.
Yes, prices are up slightly, wages are up more. Earning power is skyrocketing.
At the same time, stock markets hit record highs today and the fed stopped raising interest rates….edit: in fact they’re hinting that they plan 3 rate cuts in the next year.
Tell me again what’s bad about the economy bob?

bobknight33 said:

Inflation.

nuff said

newtboy (Member Profile)

newtboy says...

Come on @bobknight33. Now 68000 fake signatures found in the Michigan Republican primaries.
I guess wrong isn’t really wrong to you, now is it?
You are completely incapable of admitting election fraud is a feature of the Republican Party, not outliers, not a fluke, it’s the MO. The only way you can win elections. They know it, or they wouldn’t be cheating so much, and getting caught over and over and over and over and over…..

Stop ignoring it. Stop pretending (with zero evidence) that Democrats are just as guilty of election frauds when only Republicans are getting caught perpetrating these frauds against America. Stop the constant lies and grow up.

newtboy said:

So again I’ll ask you, somewhere you can’t discard my question and feign ignorance this time….if vote stealing and election fraud is wrong, you support removing the Republicans from the gubernatorial ballot in Michigan for election frauds, right?
They forged thousands of signatures needed to be on the ballot, and by getting caught they handed the governor’s race to Democrats.

Do you have any examples of Democrats cheating (besides Clinton/Sanders) forging signatures, harvesting and filling out ballots, voting twice or more? Thought not. Maybe I never find “my team” doing wrong because they don’t do that kind of wrong….but Republicans get caught constantly.

‘This is not a zoo’: Biden administration blocks filming

newtboy says...

Try reading your own posts.
What is wrong with you ?
Hate is just pouring out of you uncontrollably....consistently...hatred and....nope, no information, just hatred, insults, and whining....complaints about movies, weather, comments, complaints equating both of our last two presidents as if their foibles are equally destructive, complaints about immigration not in your country, complaints about who's to blame for the state of our border, infantile one sided attacks about speaking abilities, stupid accusations of dementia, and constant whining that someone didn't agree with your spiteful post. All your complaints come directly from the Trumptard playbook. It's possible you aren't team Trump, but you are on their side of the stadium wearing a red jersey and hat, and shouting their jeers and chants as you deny it. I went back and looked at your few posts, it's not a fluke. You are consistently dismissive and insulting off the bat and never add to conversations, you just bitch about others.
Indeed, only 3 are directed at someone besides me. Only one had any actual attempt at offering any information, most are just dismissive insults and/or complaints.

I offered plenty of information and verifiable fact from multiple sources, you did not.

I hate hypocritical liars and those who cheer them on and spread their lies or support them by consistently attacking their opponents while ignoring exponentially worse examples of the same behaviors from them, so yep, you might see some hatred. I hate those who conflate and equate totally inept evil narcissistic self dealing criminal leaders with imperfect but thoughtful and caring life long civil servants. I also dislike people who's best arguments are at place on the second grade playground, useless hate filled insults and complaints but bereft of fact, reason, and information. Where does your irrational hatred come from?

Have a great year, we'll try this again next year, but not before. Once a year is enough.

Anom212325 said:

I'll ask this again. What is wrong with you ? Hate is just pouring out of you uncontrollably.

A Whale Of A Float

Spider With Three Super Powers

Whole New Worlds: An Aladdin History of Exoplanets

eric3579 says...

Wasn't easy being a planet hunter back in the day *promote

I'm looking for
1 tug
The pull of a planet
1 tell
A wobbling sun
I've searched for years
Haven't found a one
But they're out there

1 jump
In radial redshift
1 slip
Of spectral lines
They'll see if I can show them the sines

Pish tosh
Green men
Take five
Take ten

Just a little cash guys

Budget's tight
Don't fund this trash guys

I can take a hint
Better face the facts
Second-hand'll have to do

Eww
All you planet hunters at the bottom
You've got fact & fantasy entwined
Finding planets except they haven't got one

Well they gotta be forming readily
When you think about it given we've got nine

1 jump
A blip in the spectrum
1 shift of meters per second
1 graph of period power
They laugh but I'm not sour

Here goes
18 months of data
Cross & correlate it
All I gotta do is run

Pish tosh
Green men
Ah don't mind them
If only they'd look closer
Would they see a pure void
No sirree
They'd find out
There's worlds galore
To see

Make way for Pegasi
51 Pegasi

First was a world
Round an old pulsar
That's true
But the news
Is a sun-like star
With wobble
Too quick & precise
To be designed
No fluke not a spot
If you like it hot
You're gonna love this find

Pegasi 51b
Planet discovered
Orbit traced
Every 4 days
Hot as can be
Its order-Jupiter size
Was something of a surprise
Especially given its star's proximity

Pegasi 51b
It's a new era
To detect
Exoplanets
Soon there'll be three
As planet pulls on its Sun
It shifts the stellar spectrum
That's how we found 51b Pegasi

How'd a planet get so close in orbit
Cause I thought you needed ice to form it
Did it later undergo some strange migration
Star too small to be so long-pulsating
And too old to be so quick rotating
Is there any other good interpretation

This will certainly help with our funding

We got your funding
We got your funding

Got a surface of 1200 C

It's treacherous
So treacherous

If in time this new breakthrough feels mundane
Planets are common

That's proof
Of the truth
I've been telling you
This is no mean anomaly

Pegasi 51b
Planet uncovered
Round a far
Main sequence star
Spectral type G
We know its mass to be high
Half Jupiter by sine i

It's 15.61 pc from home
And it shakes our faith in how planets are formed
And its star is in Pegasus
Give it an A and thus
Label the planet as b
51 Pegasi

Plotting Doppler shifts is glacial-pace
And that astrometry never prevails
But baby you're in luck cause
Up in space
You got a planet-finder never fails

You got the power of statistics now
You got a view without an atmosphere
So no more nights spent locked up in your tower
All you gotta do is wait right here
And I say

Kepler the planet-searcher
Got a dip, no 2, no 3
We just measure brightness
Plot it out & that's transiting photometry

When your stars do this
And your curves displace
Then your star's got this
Transiting its face

Then you hit compute
And lookie here

You get good diameter data
From that dip
And orbit distance from the length of year

Well now we need this tale supported by
A ground observer with a good Échelle
We got 2000 planets certified
2000 more that only time will tell

But let's take em all, plot em out
And find out if we're really all alone
Is there a rocky world we've found no doubt
That orbits in the habitable zone
Like home?

Kepler the planet searcher
Got an Earth 452b
Part of a throng
40 billion strong

There ain't never been a field
Clever as the field
There ain't never been a field
Better than the field they call
Exoplanetology

I can show you a world
A shining shimmering planet
Found concealed in the band-shifts
Of the closest star in sight

I've found hope in the skies
And facing wonder I wonder
Could the sine wave discovered be
A planet fit for life

A whole new world
A new fantastic point of blue
Placed in that narrow zone
Where water flows
Midway tween cold & steaming

A whole new world
Its sun a faint, reddish hue
Could there be waiting here
A biosphere
Evolving in this whole new world to view

Fathoming a whole new world to view

Unbelievable find
Indescribable feeling
Earthlings someday revealing
Through directly captured light
A whole new world

Don't just stare from a far

Though nigh impossible to see

Wouldn't close up be bolder

Next to its parent's flair
If life is there
We'll know through atmosphere spectroscopy

A whole new world

Block the glare of the star

A laser starshot to pursue

With a star-shaped occulter

Chasing that crazy dream
That's always been
Of walking in a whole new world with you

a whole new world
That's where we'll be
A thrilling chase
A home in space
For you and me

I'm on a boat, motherf... no wait, I'm in a Tesla

SDGundamX says...

Huh, I would have thought electric cars and water would mix a lot worse than that. Did they engineer it just for the possibility of flooded roads or is it a fluke of the car's design?

The Thug Life Chose Me

Greece's Finance Minister Yanis Varoufakis on BBC's Newsnigh

radx says...

@RedSky

Selling assets and, to a certain degree, the reduction of public employment is an unreasonable demand. There's too much controversy about the effects it has, with me being clearly biased to one side.

Privatisation of essential services (healthcare, public transport, electricity, water) is being opposed or even undone in significant parts of Europe, since it generally came with worse service at much higher costs and no accountability whatsoever. Therefore I see it as very reasonable for Syriza to stop the privatisation of their electricity grid and their railroad. There are, of course, unessentials that might be handed over to the private sector, but like Varoufakis said, not in the shape of a fire sale within a crisis. That'll only profit the usual scavengers, not the people.

Similarly, public employment. There's good public employment (essential services, administration) and "bad" public employment. Troika demands included the firing of cleaning personnel, who were replaced by a significantly more expensive private service. And a Greek court decision ruled the firing as flat out illegal. For Syriza to not hire them back would not only have been unreasonable financially as well as socially, it would have been a violation of a court order. Same for thousands of others who were fired illegally, according to a ruling by the Greek Supreme Court.

Troika demands are all too often against Greek or even European law, and while the previous governments were fine with being criminals, Syriza might actually be inclined to uphold the law.


On the issue of reforms, I would argue that the previous governments did bugger all to establish working institutions. Famously, the posts of department heads of the tax collection agency were auctioned for money, even under the last government. Everything is in shambles, with no intent of changing anything that would have undermined the nepotic rules of the five families. Syriza's program has been very clear about the changes they plan to institute, so if it really was the intent of the troika to see meaningful reform the way it is being advocated to their folks at home, they would be in support of Syriza.

Interventions by the troika have crashed the health care system, the educational system and the pension system. Public pension funds were practically wiped out during the first haircut in 2012, creating a hole of about 20 billion Euros in the next five years.

I would like to address the issue of taxation specifically. Luxembourg adopted as a business model to be an enabler of tax evasion, even worse than Switzerland. In charge at that time was none other than Jean-Claude Juncker, who was just elected President of the European Commission. He's directly involved in tax evasion on a scale of hundreds of billions of Euros every year. How is the troika to have any credibility in this matter with him in charge?

Similarly, German politicians are particularly vocal about corruption and bribery in Greece. Well, who are the biggest sources of bribery in Greece? German corporations. Just last week there was another report of a major German arms manufacturer who paid outrageous bribes to officials in Greece. As much as I support the fight against corruption and bribery, some humility would suit them well.


As for the GDP growth in Greece: I think it's a fluke. The deflation skewers the numbers to a point where I can't take them seriously until the complete dataset is available. Might be growth, might not be. Definatly not enough to fight off a humanitarian crisis.

Surpluses. If everyone was a zealous as Germany, the deficit would in fact be considerably narrower, which is a good thing. Unfortunatly, it would have been a race to the bottom. Germany could only suppress wage growth, and subsequently domestic demand, so radically, because the other members of the Eurozone were eager to expand. They ran higher-than-average growth, which allowed Germany to undercut them without going into deflation. Nowadays, Germany still has below-target wage growth, so the only way for Greece, Spain, Portugal and Italy to gain competetiveness against Germany is to go into deflation. That's where we are in Europe: half a continent in deflation. With all its side effects of mass unemployment (11%+ in Europe, after lots of trickery), falling demand, falling investment, etc. Not good. Keynes' idea of an International Clearing Union might work better, especially since we already use similar concepts within nations to balance regions.

Bond yields of Germany could not have spiked at the same time as those of the rest of the Eurozone. The legal requirements for pension funds, insurance funds, etc demand a high percentage of safe bonds, and when the peripheral countries were declared unsafe, they had nowhere to go but Germany. Also, a bet against France is quite a risk, but a bet against Germany is downright foolish. Still, supply of safe bonds is tight right now, given the cuts all over the place. French yields are at historic lows, German yield is negative. Even Italian and Spanish yields were in the green as soon as Draghi said the ECB would do whatever it takes.

The current spike in Greek yields strikes me as a bet that there will be a face-off between the troika and Greece, with very few positive outcomes for the Greek economy in the short run.

QE: 100% agreement. Fistful of cash to citizens would not have solved any of the core issues of the Eurozone (highly unequal ULCs, systemic tax evasion, tax competition/undercutting, no European institutions, etc), but it would have been infinitely better than anything they did. If they were to put it on the table right now as a means to combat deflation, I'd say go for it. Take the helicopters airborne, as long as it's bottom-up and not trickle-down. Though to reliably increase inflation there would have to be widescale increases in wages. Not going to happen. Maybe if Podemos wins in Spain later his year.

Same for the last paragraph. The ECB could have stuffed the EIB to the brim, which in return could have funded highly beneficial and much needed projects, like a proper European electricity grid. Won't happen though. Debt is bad, even monetised debt during a deflation used purely for investments.

Greece's Finance Minister Yanis Varoufakis on BBC's Newsnigh

radx says...

@RedSky

The need to be kept afloat by European funds is pretty high on the list of things Syriza is keen to do away with. Varoufakis was clear on this pretty early on, at least 2009 as far as I know. They treated it as a problem of liquidity instead of a problem of insolvency, and therefore any funds funnelled into Greece were basically disappearing down a black hole. They are bleeding cash left, right and center, and the continuous flow of credit from Europe doesn't help a bit in its current form.

As of now, they can't pay shit. Any additional credit has to be used to pay back interest on previous credit. Their meagre primary surplus is less than their interest payments. With that in mind, some of the ideas floating around sound rather intriguing, especially given the horrendous failure all the previous agreements have produced. These ideas include: cap interest payment (1.5% of primary surplus), use the rest for investment or humanitarian relief; no payments on debt below 3% growth, 50% of agreed upon payments at 3-6% growth, full payments at 6+% growth.

Yet even those ideas are purely theoretical, because there is no growth in Greece. The celebrated growth in Q3 2014 of 0.7% might very well be a fluke, as Bill Mitchell described here (prices falling faster than incomes). For Greece to be able to have any meaningful growth, they'd require not just a complete reconstruction of its institutions (structural reforms), but also massive investment.

And there's where it breaks down again, since you rightfully pointed out that the Germans in particular won't spend a dime on Greece, especially not with investment in Germany in equally dire shape (shortfall of about a trillion € since 2000).


Which brings me to another point: Germany vs France.

Productivity in both countries was en par in 1999, and productivity in France in 2014 was only slightly below German numbers. "Living within your means" is a very popular phrase in the current discussion, which basically means living in accordance with your productivity.

Subsequently, there should be a similar development of unit labour costs within a monetary union, with growth targets set by the central bank. In our case, that would be just below 2%. Like I've previously said, Greece lived beyond its means in this regard, and significantly so.

But what about France and Germany? The black line marks the target, blue is France, red is Germany. That's beggar-thy-neighbour. That's gaining competetiveness at the cost of your fellow Euro pals. That's suppressing domestic demand in order to push exports.

German reforms killed its domestic market (retail sales stagnant since early '90s) and created an aggregate trade surplus to the tune of 2 trillion Euros. That's 2 trillion Euros of deficit in other countries. And we're looking at an additional 200-210 billion Euros this year. If running trade deficits is bad, so is running trade surpluses.

Ironically, there's even been legislation in Germany since 1967, instructing the government to balance its books in matters of trade (and other areas). They've been in violation of it for 15 years.

With this in mind, everytime a German politician calls for the other countries to run trade surpluses just like Germany, I get furious. Some of them, on the European level, even have the audacity to say that everyone should run trade surpluses, and all it takes to get there is massive wage cuts. That's open lunacy and a failure of basic math. No surplus without deficits, no savings without debt.

And while we're at it, it's not the savings rate in Germany that bothers me. It's the moral superiority that is being ascribed to running surpluses in every way imaginable. Every part of society is expected to have a positive savings rate, because debt is bad. Well, if everyone's saving and nobody's accruing the corresponding debt, you get the current situation where there is no investment whatsoever, a gargantuan shortfall in demand given the national productivity, and a cool 200 billion Euros of debt a year that foreign actors have to rake up so that Germany can have its massive growth of 0.5-1.5% annually.

Finding borrowers for all that cash is getting more difficult by the day. The ECB's QE is basically one big search for new borrowers, since everyone either doesn't want to borrow or cannot borrow anymore.

If Germany wanted to help the Eurozone, they'd start by increasing their ULC vis-á-vis the rest of the countries. Competitiveness should be regulated through the foreign exchange rate, not this parasitic race to the bottom within the zone. Ten years of 4% increase in wages, annually. That ought to be a start.

Additionally, allow the ECB to fund the European Investment Bank directly, instead of this black hole of QE.

Or go one step further and seriously consider Varoufakis' ideas, including the old Keynesian concept of a global surplus recycling mechanism.

But all that is pure fantasy. I don't think a majority of Germans would support either of these measures, not with the overwhelming fear of inflation this society has. Add the continuous demonisation of debt and you get a guarantee that very few countries might be compatible to be in a longtime monetary union with Germany.

Wet Dream Video By Kip Adotta

Zawash says...

It was April the forty-first
Being a quadruple leap year
I was driving in downtown Atlantis
My barracuda was in the shop
So I was in a rented stingray
And it was overheating

So I pulled into a Shell Station
They said I'd blown a seal
I said, "Fix the damn thing
And leave my private life out of it
Okay pal?"

While they were doing that
I walked over to a place called the Oyster Bar, a real dive
But I knew the owner
He used to play for the Dolphins
I said "Hi Gil"
You have to yell, he's hard of herring

Think I had a wet dream
Cruisin' thru the Gulf Stream
Ooh Ooh Ooh Ooh
Wet dream

Gil was also down on his luck
Fact is he was barely keeping his head below water
I bellied up to the sandbar
He poured me the usual

Rusty snail, hold the grunion
Shaken not stirred
With a peanut butter and jellyfish sandwich on the side
Heavy on the mako

I slipped him a fin
On porpoise
I was feeling good
I even dropped a sand dollar in the box for Jerry's squids
For the halibut

Well the place was crowded
We were packed in like sardines They were all there to listen to the big band sounds of Tommy Dorsal
What sole

Tommy was rockin' the place with a very popular tuna
Salmon Chanted Evening
And the stage was surrounded by screaming groupers
Probably there to see the bass player

One of them was this cute little yellowtail
And she's giving me the eye
So I figured this is my chance for a little fun
You know, piece of Pisces

But she said things I just couldn't fathom
She was too deep, seemed to be under a lot of pressure
Boy, could she drink
She drank like a . . .
She drank a lot

I said "What's your sign"
She said "Aquarium"
I said "Great, let's get tanked"

Think I had a wet dream
Cruisin' thru the Gulf Stream
Ooh Ooh Ooh Ooh
Wet dream

I invited her to my place for a midnight bait
I said "Come on baby, it'll only take a few minnows"
She threw me that same old line
"Not tonight, I gotta haddock"

And she wasn't kidding either
Cause in came the biggest, meanest looking haddock
I'd ever seen come down the pike
He was covered with mussels

He came over to me and said
"Listen, shrimp, don't you come trollin' around here"
What a crab
This guy was steamed
I could see the anchor in his eyes

I turned to him, I said
"A-balone, you're just being shellfish"
Well, I knew it was going to be trouble and so did Gil
'Cause he was already on the phone to the cods

The haddock hits me with a sucker punch
I catch him with a left hook
He eels over
It was a fluke but there he was
Lying on the deck, flat as a mackerel
Kelpless

I said "Forget the cods Gil
This guy's gonna need a sturgeon"
Well, the yellowtail was impressed with the way I landed her boyfriend
She came over to me, she said
"Hey, big boy, you're really a game fish
What's your name"
I said "Marlin"

Think I had a wet dream
Cruisin' thru the Gulf Stream
Ooh Ooh Ooh Ooh
Wet dream

Well, from then on we had a whale of a time
I took her to dinner, I took her to dance
I bought her a bouquet of flounders
And then I went home with her
And what did I get for my trouble
A case of the clams

Think I had a wet dream
Cruisin' thru the Gulf Stream
Ooh Ooh Ooh Ooh

Wet dream
Cruisin' thru the Gulf Stream
Ooh Ooh Ooh Ooh

Wet dream
Cruisin' thru the Gulf Stream
Ooh Ooh Ooh Ooh

Cinderella 2015 Looks Really Good

Authorities Seize Family Home Over $40-Worth of Drugs

Trancecoach says...

"Gun control" applies to those who abide by the law, not for those who enforce it. It never means disarming the state and its agents, or even the criminals who don't care about the law. "Gun control" simply means disarming law-abiding citizens, or minorities. In this way, "gun control" would be about as successful as the "war on drugs" (i.e., a poorly disguised anti-minority law). Alas, gun control advocates remain in the overwhelming minority in the U.S. and, if by some fluke, it were to pass at the Federal level, it would be the first regulation nullified by states, counties, and even local law enforcement agencies. Such is the futility of most legislative efforts of this kind.

artician said:

<snip>

MORE BLIZZARD: HEROES OF THE STORM Trailer

shagen454 says...

It's funny how bored people are by a Blizzard game. Then Valve basically puts out a Blizzard game re-hashed (technically it wasn't a Blizzard game but it was based off their engine & feel) and it becomes one of the best games of the year. Go figure.

But, maybe I am being too optimistic for old Blizz? tThey really still haven't proven themselves after the launch of Diablo 3 - what have they done? Released two really good expansion packs and put out a Magic the Gathering game. All of which are really good. I honestly think Diablo 3 was a fluke - I'm not sure how they let that beast out. Probably because they got so sick and tired of re-making it to be any good.

They do still release awesome games - I think it comes down to they have done nothing mindblowing. I had a conversation with a co-worker not too long ago about how Valve is release a fucking OS and what has Blizzard done comparatively with it's trillions of dollars? I think that is what pisses people off.

How Steve Irwin Reacts to the Deadliest Snake in America



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