Tuesday, May 31, 2011
Lovely: Yemen in Civil War
May 31, 2011
Republican Guard troops loyal to Yemeni President Ali Abdullah Saleh, commanded by Saleh’s son, shelled with anti-aircraft weaponry the headquarters of a defected brigade led by Maj. Gen. Ali Mohsen al-Ahmar at a military camp in the al-Khamseen area, Xinhua reported, citing an unnamed military official.
Saleh did an about-face, no doubt after looking at how Assad in Syria, Qaddafi in Libya held on.
Citizen of Monolithic Democrat/Union City Decries Government Heavy-handedness
Public Union Outrage of the Day
One note that maybe interests (astounds) only me...Yonkers's budget is $919 million dollars! That's very close to $1 billion, which is a TON of money. Yonkers is very small (196,000 people) and it is a dump. Where does a billion dollars go??? Maybe to a small army of William Rinaldis.
Barone Picks Up on "Unexpectedly!"
Friday, May 27, 2011
Euros Helped Give Us Obama, Who They Now Snub
Reality TV Idea: Real Lives of the Job Market Vigilantes
Sarah Palin Is Shooting for Something Bigger Than the Presidency
She's going to energize not just "the base", but the entire population of the country that is not an Obama-bot. She's going to tour the country, rallying people for a rebirth of liberty, a re-commitment to the constitutional framework of limited government, and the first step in that process is to put an end to the Obama presidency. She's going to tell America that the GOP field is good, and certainly "good enough" for the task at hand, which is getting back to the energetic, independent, individualistic, innovative free people that we once were and rejecting a future of dependency and government control of every aspect of our lives. She is going to rally people for this cause and make sure they don't sit at home and view another four years of Barack Obama as a fait accompli.
She will be a one woman counter-balance to the MSM, which will be in overdrive aiding and abetting Obama's re-election. She going to whip up every Tea Party chapter across the land into a frenzy of activity and grass roots momentum. She (a woman - did you notice that Debbie Wasserman Schultz?) is going to be the talisman of the Republican Party. She's going to ensure that nobody sits 2012 out, that 2012 will not just be an election, but an inflection point for America. She's going to bury Hope and Change, and clear a path for Act II of the Reagan Revolution. She's going to attempt to steer the course of American history. That's a big task. She obviously feels that it's gonna take a woman to get it done.
But she won't run, which is why the media doesn't understand the plan. The idea is creative politics, it's selfless, it's principled, it end-runs the power of the media, and it's bigger than the Presidency - all things that the MSM just can't understand.
Thursday, May 26, 2011
The Debt Ceiling Is Our Friend
"Journolist" Has New Name
You would think that organizing an overtly partisan cabal of journalists and academics for the sole purpose of trying to get candidate Barack Obama elected would taint one's standing in the journalism profession - maybe not enough to get you fired in this day and age, but at least enough to keep you from getting additional career opportunities. You would think, but you would be wrong. Not with Al Hunt running Bloomberg News. As if Al didn't have enough lefty yo-yos on the roster, he's launched something called Bloomberg View to jam more lefty drivel down the throats of his captive financial professional audience; and Ezra Klein - of Journolist infamy - appears to be one of the marquee hires (along with a host of Al Gore acolytes and a castoff from that magazine that sold for $1).
I almost couldn't bring myself to read Klein's first column, wot with permanent scarring from the Thomas Frank/WSJ episode. But one has to try new things, even if one is 99.99% sure it's the same old thing. Well, I didn't get three short, taut sentences into it before I was hit with "He’s worried that [government] doesn’t fail often enough." What?!?!??! Government doesn't fail enough!? Off the top of my head, in 2.76 nanoseconds...from NYC's disgustingly botched, corrupt whizbang employee payment system, to Fannie Mae, to the DOJ's Mexican gun-running scandal, to Amtrak, to the British healthcare system, to everything goddamm thing that government touches - it doesn't fail enough!?!?!??!?!? Government fails at the small stuff, the medium stuff, the big stuff, and the super-sized jumbo stuff. What is this yahoo talking about?? Anyway, after I picked myself up off the floor, I completed reading the article and it is a mostly forgettable soup of ignorance of healthcare economics and naive cheerleading for ObamaCare, which I guess is the mission. Al Hunt has his eyes on the 2012 election and is looking to flood the zone with this drivel as he is wont to do.
More Me, But Over There
What Is It With These People?
"A restructuring of Greece’s debt could lead to demands for credit to be repaid immediately, warning of a potentially catastrophic situation, German Finance Minister Wolfgang Schaeuble said in an interview with Handelsblatt, DPA reported May 26. Schaeuble called for patience and urged EU members to invest in Greece in sectors such as renewable energy."
Yeah, dead-beat socialists who earn 13 months pay for 12 months work and a pervasive culture of tax cheats, but wind power will save the day!!!
Keep Talking James Clyburn
You see, here's the deal. Most of us aren't racists. We live, work and play among each other and our society has made enormous strides to integrate and share the opportunities of American life for all. Furthermore most of us trace our lineage to groups that represented the marginalized of society long ago ("No Irish Need Apply" and all that); we haven't forgotten where we came from and aren't interested in holding others down now that we've received good fortune in America. So we don't particularly appreciate being called racists when we aren't. In addition, we don't appreciate that particular besmirchment when the accusation comes from those who wish to blunt the cold reality that the President was the most inexperienced nominee for President in the history of the country and that we are suffering at the hands of his demonstrably failed leadership. I can see many Americans saying to themselves, 'So I'm a racist for for not liking what I am seeing with my own eyes - high gas prices, high unemployment, inflation, unrestrained regulatory assaults on individuals and businesses, feckless leadership in foreign affairs? Screw you. Lever pulled for RomlentyCainPalinWhatever.'
Wednesday, May 25, 2011
More On Economic Vigilantism
Monday, May 23, 2011
The Lethargists Are Back
Wednesday, May 18, 2011
Sowell on Obama
The 306,500-dwt Artemis Glory (built 2006) came under attacked at about 06:35
GMT on Monday whilst sailing south east through the Gulf of Oman.
A UK Royal Fleet Auxiliary ship is said to received a mayday call from the VLCC, which was relayed to the UK Maritime Trade Operations (UKMTO) in Dubai.
UKMTO confirmed with the master of the Artemis Glory that she was being pursued by a skiff with four men on board who were firing upon the vessel.
The US Navy destroyer USS Bulkeley then responded to the mayday
and launched her helicopter to investigate the incident.
“The helicopter observed the Artemis Glory under attack by four individuals in a
skiff, who were firing upon the ship with small arms,” the US Navy confirmed.
“Under the principle of ‘extended unit self defence’ and in order to provide protection to the crew of the Artemis Glory, Bulkeley’s helicopter engaged the pirates. All of
the pirates are believed to have been killed.”
Principle of extended unit self-defence, huh? How about the principle of "pirates suck and should be sent to a watery grave"? Still, I'll take it. It's alot better than the complete failure of the civilized world that has prevailed up until now.
Tuesday, May 17, 2011
Romney Rakes It In
Dems Remarkable Economic Feat
Monday, May 16, 2011
One Legal Defeat Too Many?
CWA Is a Very Thuggish Union
Friday, May 13, 2011
Enjoy Your Weekend!
This Just In: Greeks Still Good for Nothing
New York Youth Join the Flee Party
Wednesday, May 11, 2011
Checking in on the 2008 Coalition
UPDATE: Speaking of economics, just for shits and giggles, check out the fourth graph here (hell, read the whole damn post for all I care!). Is that a tight correlation or what?!?!?!
Private Pension Raid That Much Closer to Our Shores
Shocker: Dem Governor Finding Unions Resistant to "Shared Sacrifice"
Someone somewhere, I'm sure, thinks that "shared sacrifice" indeed means just that, but to conservatives it is merely code for "tax hikes." We could be forgiven for thinking such thoughts based on union behavior. It is a reasonable conclusion that to unions and big government types "shared sacrifice" is a ruse strategy meaning "tax hikes and then dig in like the dickens to protect our goodies at all costs, and only as a last resort throw our newest members under the bus." The Wisconsin showdown taught us that, and like day follows night, it turns out that Gov. Malloy is having more trouble in getting the shared sacrifice from government employee unions that he was counting on. Nutmeg State voters are right to ask if their governor had any intention of cutting spending in the first place, was hopelessly naive or considers himself a superhuman able achieve what almost nobody in the past has been able to achieve. It looks as if these putatively sensible, moderate Democrats, like Malloy, are reacting to the anti-tax, fiscal responsibility wave that is sweeping the country by striking an uncomfortable accomodation with their union supporters: they'll raise taxes and mitigate the political optics by getting the unions to tolerate throwing some of their members under the bus with LIFO-driven layoffs. This is a "live to fight another day" strategy by the Union Labor/Democrat Party nexus and is indeed "shared sacrifice" of a sort, but of a very cynical sort - taxpayers and low-seniority government workers eat the turd, but long-standing government workers come out just fine. I don't think the cynicism of this strategy will come back to bite the Democrats - they never seem to get cynical about their own power. The big question is "will there be another day?"
P.S. One delicious aspect of this is that Malloy's budget hikes taxes on yoga classes. Call me a stereotyping neanderthal, but I bet that 80% of all yoga students (and 98% of all yoga teachers) in the state of Connecticut voted for Malloy. Reap, sow, all that, Ladies.
Leaving Political Capital on the Table
Pissing Off All the Proper People
Tuesday, May 10, 2011
Challenges to Israel's Energy Game Changer
"Even under ideal conditions, few oil and gas companies are prepared to risk their relationships in the Muslim world to operate in Israel—the soft bigotry created by the geological distribution of hyrdocarbons should not be underestimated. It is one thing for a California-based technology company to develop software in Israel; it something entirely different for a serious oil and gas producer with billions of dollars of assets in Saudi Arabia or Qatar or Kuwait to establish a presence in the Jewish state. "
True indeed. Arab states and all sorts of bad actors in the Middle East DO NOT want to see the Leviathan field developed. It is likely they will do what they feel that have to do to prevent it. Read the whole thing.
CNBC's Lame Goldman Call
UPDATE: Some people view Jimmy Rogers as an annoying, megalomaniacal gadfly and others see him as a sophiticated, successful investor. For me, he's somewhere in between. Anyway, he thinks US debt is a short....just like Warren Buffett.
Monday, May 09, 2011
Sheila Bair to FDIC: Bye
Canada: Double Our Previous Estimates About Our Shitload of Gas
Debt Ceiling Sense
Unseen Victims of NFL Lockout: Gold-Digging Skanks
Friday, May 06, 2011
Thursday, May 05, 2011
Tough Love, Euro Style
Post OBL Trading Day #4
Prediction: In 3-5 weeks, a broad range of polling will show a relatively modest OBL bounce for Obama and stocks will recover above April highs.
Flirting With Disaster?
A Slew of Smart Plays on Energy from Boehner & Co.
UPDATE: What timing. I kid you not, this just came across my desk, written by the President of a small, publicly traded oil and gas company in the annual letter to shareholders: "In last year's letter I was not optimistic for small independent oil companies. I remain guarded. There are several governmental agencies which, if left unrestrained and unchecked, can financially destroy small independent oil companies overnight." Is this guy just paranoid? On that note, check this out...remember who Hornbeck is? So while the President is here in my neck of the woods today letting people know that he is indeed fighting the war on terror (using Bush's playbook), it is also, unfortunately, the case that he continues to fight the war on American business.
Wednesday, May 04, 2011
Who Made the Call?
Day 3 Post OBL
Tuesday, May 03, 2011
Did Our Enemies Hand bin Laden to Obama??
No one will ever convince me that Obama is an ardent and committed terror warrior, nor will anyone ever convince me that he was somehow smarter and savvier in the prosecution of the GWOT. So the remaining possibilties are that he got lucky or that someone dropped a dime on bin Laden purposefully. Both are probable. After ten years, it is not inconceivable that AQ functionaries got lazy and/or some analyst slaving away in a cubicle at Langley had a breakthrough. But we should not discount the very real possibility that someone gave bin Laden up. The circumstances reveal and the evidence is starting to mount that it is likely certain the Pakistani authorities knew of OBL's whereabouts. The likelier that is, the likelier the thesis that a dime was dropped - they go hand in hand. Naturally, the logical basis of Pakistani protection is that there was value in protecting OBL. So either the value of protecting OBL ceased to exist or it was time to realize (monetize?) that value, convert it to something tangible. There are a host of possibilities, such as the stability of the Pakistani state and/or its finances - they could have simply given him up for money. Moving along the complexity continuum, Spengler offers up a tempting geo-political saga where the tectonic changes sweeping the Middle East mean the Saudis can no longer afford a modus vivendi with al Qaeda and chose to end AQ once and for all via the Americans. Another line of logic is to ask who benefits from this? As has been noted, Obama does. Could the dime have been dropped to help Obama? Who would want to help Obama? More specifically, who wants to see Obama win a second term? Our friends...like who...Egypt? Ha! It is our enemies who would love four more years of Obama - the Syrian regime is slaughtering its people in a fight for survival and dearly appreciates Obama's inattention; Iran enjoys Obama's fumbling, bumbling and generally flummoxed approach to their nuclear ambitions; the Muslim Brotherhood/Hamas greatly appreciate the openning Obama gave them in Egypt now that Mubarak is gone; and, just about everybody likes Obama's hatred of Netanyahu and constant hectoring of Israel. Take your pick, all of these actors have reason to want Obama to stick around because his weak and naive foreign policy gives them room to maneuver, and nearly every one has ties to the global terrorist nexus. Is it outlandish to consider that a terror-linked government would give up an increasingly irrelevant figure, OBL, in exchange for a greater likelihood that a weak (and at times Muslim sympathizing) leader retains control of the world superpower's foreign policy? Ask yourself, if you were Iran or Syria, for instance, would you make that trade...? The more I think about it, I'd make that trade all day long...
DrillDrillDrill Solves Blue America's Blues...?
UPDATE: Chevron comes to town big time. Meanwhile the NY Assembly continues to keep shale-related investment capital at bay. How long can New York sit by and watch Pennsylvania capture the lion's share of the investment and collateral development from the Marcellus shale deposit?
Bad News for Global Warmists
Osama and Obama
I think the market is saying that this is good for Obama and thus is selling off. That is a controversial view, the conventional view is that the death of bin Laden augers a reprisal and thus a "risk off" posture (stocks down, dollar, treasuries up). Even though the political conditions have changed drastically since Obama first took office, I think the inverse relationship that I have argued for still holds. The stock market had a great April with Obama clearly spiralling down in the polls as inflation worries heated up and the head-scratching Libyan foray bogged down. Granted it's only one day, but the trend seems to have been broken as May kicks off with the bin Laden news (check out an opposing view here). This is my very early take that necessarily needs to unfold as it is not supported by alot of data, and there are alot of wildcards: the debt ceiling, Syria and the Middle East, inflation, etc.
On another note, it will be very interesting to follow yet another direct experiment in contrasting governance given the election results in Canada. Harper now has the majority he's craved and can build on his success to date or disappoint. Conservative governance in Canada will contrast markedly with life here at home and the comparisons will be illuminating (again). Canada is likely to do many of the things that Republicans in Congress are arguing for, and that Democrats are arguing are extreme, here in the US. We'll have a mini-laboratory right next door. If Harper plays it well and the results are noticable, Canada could be an embarassment for Democrats come election time, for example if they are sporting a sub-6% unemployment rate and we are still mired @9%.