First Known Incident Of TSA VIPR Unit Stopping, Searching Cars

This photo is taken from a video reporting the first known case of a TSA VIPR unit pulling over private cars and searching them at random, without cause and without warrant, in Florida at SRQ on 12/28/11.

The story is reported here.

Tip of the hat here.

Report your stories of being stopped and searched at TSA checkpoints and roadblocks at TSANewsblog.com here.

Boris Johnson, The Only Man Talking Sense In Britain

Hell, he's the only man talking sense in Europe, except for that hippie in Sweden, Anders Borg. Alexis Tsipras, call your office.

From the Mayor of London's column in the UK Telegraph, here:

[T]he euro ... has been a catastrophe for Greece and pretty bad (with one notable exception) for the rest of the continent. ...

We are told that the only solution now is a Fiscal Union (or FU)[!]. We must have “more Europe”, say our leaders, not less Europe – even though more Europe means more suffering, and a refusal to recognise what has gone wrong in Greece.

The euro has turned out to be a doomsday machine, a destroyer of jobs, a killer of growth, because it entrenches and exacerbates the fundamental and historic inability of some countries to compete with Germany in making high-quality goods with low-unit labour costs. Unable to devalue their way back into the game, these countries are forced to watch industry wilt under German imports, as the euro serves as a giant trebuchet to fire swish German saloon cars and machine tools across the rest of Europe. ...

Europe now has the lowest growth of any region in the world. We have already wasted years in trying to control this sickness in the euro, and we are saving the cancer and killing the patient. We have blighted countless lives and lost countless jobs by kidding ourselves that the answer to the crisis might be “more Europe”. And all for what? To salvage the prestige of the European Project, and to spare the egos of those who were wrong and muddle-headed enough to campaign for the euro.

Price Of Gold Is Not A Function Of The US Dollar

Gold is nearly $1600 the ounce today with the dollar index near 81, yet in 2004 when the dollar index was at the same level, gold was far cheaper.

So Mish here with charts:

Note that the US dollar index is right where it was over seven years ago. 

The US$ index is at a spot first touched in late 2004. Gold was well under $500 an ounce at that time, so please do not tell me gold is a function of the US dollar.

One of the reasons gold is at $1600 with the US dollar index above 81 is precisely because central banks in general (notably the Fed, the ECB, the Bank of England, and China) have printed nonstop and the Fed and the ECB have initiated all sorts of liquidity and QE measures. In addition, the ECB's balance sheet is more bloated than the balance sheet of the Fed thanks to the LTRO program.

  

The proper conclusion is that gold is a function of mistrust in fiat currencies in general, not just the US dollar. However, nothing moves in a straight line including faith (or lack thereof) in central banks' ability to handle this crisis.

Million Schmillion

$1 million in today's dollars would have been the equivalent of $43,000 in 1913.

That's still a lot of money for the time. In the early 1940s, for example, median income was about $2,400 a year. In 2011 it was about $26,400.

So, You Think You're A Millionaire, Huh?

Europe Is Failing Because It's Already Taken So-Called Balanced Approach

Namely, very minor adjustments to spending combined with tax increases.

Veronique de Rugy has the details here, for The Los Angeles Times:

"In a 2009 paper, Harvard economists Alberto Alesina and Silvia Ardagna looked at 107 examples in developed countries over 30 years and found that successful austerity packages — defined by a reduction in debt to GDP greater than 4.5% after three years — resulted from making spending cuts without tax increases. They also found that this form of austerity accompanied by the 'right policies' (easy monetary policy, liberalization of goods and labor markets, and other structural reforms) is more likely associated with economic expansions rather than with recessions. This makes intuitive sense: Austerity based on spending cuts signals that a country is serious about getting its fiscal house in order in a way that taxing and spending certainly does not.

"On the other hand, they found that the so-called balanced approach — typically a mix of spending cuts and tax increases — is a recipe for failure. It fails to stabilize the debt, and it is more likely to cause recessionary economic contractions. And when it comes to plans such as Hollande's that would explicitly increase spending and taxes, they find little chance of either economic expansion or debt reduction."

Anita Dunn's Inspiration: A Monster Whose Excellence Was Killing Millions

Dunn, now 54, served Obama in 2009

"The third lesson and tip actually comes from two of my favorite political philosophers: Mao Zedong and Mother Teresa — not often coupled with each other, but the two people I turn to most to basically deliver a simple point which is: you're going to make choices; you're going to challenge; you're going to say why not; you're going to figure out how to do things that have never been done before. But here's the deal: These are your choices, they are no one else's. In 1947, when Mao Zedong was being challenged within his own party on his plan to basically take China over. Chiang Kai-shek and the Nationalist Chinese held the cities, they had the army, they had the air force, they had everything on their side. And people said, 'How can you win? How can you do this? How can you do this, against all of the odds against you?' And Mao Zedong said, you know, 'You fight your war, and I'll fight mine.' And think about that for a second. You don't have to accept the definition of how to do things and you don't have to follow other peoples choices and paths. Ok? It is about your choices and your path. You fight your own war, you lay out your own path, you figure out what's right for you. You don't let external definition define how good you are internally, you fight your war, you let them fight theirs. Everybody has their own path".

Red Guard member Wang Jiyu, 60, confessed killer

“The children now don’t know what happened. We are choosing to forget. We should not let them forget and everyone should know what happened to this country. Some people still miss and praise those years – let them go to hell.” (quoted here, Sept. 27, 2011)

"'I think the most terrible thing, when I recall that period, the most terrible thing that struck me was our indifference,' said Gong, today a 38-year-old graduate student at Harvard researching her own history. ...

"[D]ramatic new figures for the number of people who died as a result of Mao Tse-tung's policies are surfacing, along with horrifying proof of cannibalism during the Cultural Revolution.

"It is now believed that as many as 60 million to 80 million people may have died because of Mao's policies--making him responsible for more deaths than Adolf Hitler and Josef Stalin combined.

"Gong said killer is not a strong enough word to describe Mao. 'He was a monster,' she said." (Beth Duff-Brown in The LA Times here, November 20, 1994)

The ignorance of some is willful. 

Talking Bull Warren Lifts Recipes For 'Pow Wow Chow'

So says Breitbart.com, here.

Stealing an ethnicity, and then a recipe.

What's next, a gender?

The Original Birther

Obama's Real Lie: Hiding His Own Bogus Claim Of Kenyan Birth

Erick Erickson at Red State, here:

The point is not that Barack Obama was born in Kenya. The point is that Barack Obama has repeatedly been perfectly okay embellishing and having others embellish his qualifications and biography to make himself someone unique instead of just another Chicago politician. The pattern goes back to his job as a “financial reporter”. A former colleague of his and Obama fan, way back in 2005, claims Barack Obama really embellished his resume describing his financial related reporting. ...

Barack Obama embellishing his biography to make himself look unique? Hardly worthy of press attention. In fact, nothing Barack Obama has done suggesting serious character flaws — and that’s what this is about — is ever worth the media’s collective attention. Why? Because some people think Barack Obama was born in Kenya, but much of the press corps is pretty damn sure he was born in Bethlehem.

One last point — a friend raised this on email. Could this be why the campaign screams bloody murder about racists and birthers every time someone asks about Barack Obama’s college transcripts? This would explain why Obama is so squirrely about the issue and waited until Donald Trump caused him measurable damage in the polls on this issue before responding. He’s not embarrassed that people will find out he lied about being born in Hawaii; he’s embarrassed they’ll find out he lied about being born in Kenya.

Literary Agent's 1991 'Born in Kenya' A 'Mistake' Left Uncorrected Until 2007

Yeah right.

Gov. Mitch Daniels Denies Mourdock Is Tea Party Phenomenon

lefty makes a point

The former Lugar associate might be expected to say something like this, but the fact is, and Rush Limbaugh is right, Sen. Lugar of Indiana represents the Republican establishment, and Mourdock beat him with the help of the Tea Party.

This is also why Mitch Daniels went nowhere this cycle as a possible presidential candidate. Mitch is also the Republican establishment. He might as well be Senator John McCain.

Rush has the full story, and here's Daniel's denial:

DANIELS:  It would be a complete misunderstanding to label this a Tea Party phenomenon when in fact the winner had a very strong majority with rank-and-file Republicans who felt they knew him, have seen a lot of him, he's been elected twice statewide in just the last six years, so he's a Republican regular himself, and that was the decisive factor.

Greek Exit Could Expose Banking Ponzi in Italy

Ambrose Evans-Pritchard for the UK Telegraph, here:

The IMF said Italian bank exposure to the state is 32pc of GDP, including all forms of lending. ... Almost half of this is owed to foreigners. Italy's central bank owes a further €278bn in 'Target2' claims to peers in Germany, Holland, Finland and Luxembourg, reflecting capital flight.

Italy's former premier Romano Prodi said the EU risks instant contagion to Spain, Italy, and France if Greece leaves. "The whole house of cards will come down", he said. ...

The ECB's emergency lending may have made matters worse, encouraging banks to buy their own states' debt. It has led to an incestous inter-linkange of fragile banking systems and fragile sovereign states, each propping the other up. Many of the banks used ECB money to buy state bonds until they need to roll over their own debt. They are now nursing stiff losses.

Like Much Else, US Electrical Consumption Flat to Declining Since 2000

Euro Zone GDP Flat For Q1 2012 After -0.3 Q4 2011

CNBC.com here has the full story.

For Q1 2012 Germany carried the weight for the whole zone, with growth up 0.5 percent.

But France was flat at zero growth.

Italy was down at -0.8 percent, and down -1.3 year-over-year.

The Netherlands came in at -0.2, and -1.1 year-over-year.

Spain was down at -0.3 percent.

Markets across the pond at this hour are down 1 percent.

Green River Formation Oil Shale Deposits Spell Death of Peak Oil

Mark J. Perry reports here:

Shouldn't it be newsworthy that the U.S. has 1.5 trillion barrels of recoverable oil in the Green River Formation, an amount even greater than th[e] estimate of 1.392 trillion barrels of proven oil reserves in the entire world? 

Today's Gold to Oil Ratio is a Little High at 16.47

1584 the ounce/96.13 the barrel, almost 10 percent.

A pull-back in gold from here to the 1450 area or a rise in oil to about 105 would move the ratio toward the average of 15.

Since oil is a commodity constantly needed and therefore in constant demand, gold is money, and over-indebtedness is ubiquitous, I'm guessing we'll see continued liquidation of gold to help pay the bills. 

President-Elect Hollande Of France Owns Property Worth $1.5 Million

According to this story, three properties in the French Riviera.

Part-ownership apparently is involved with two of the three properties, which are smaller, say other reports, a few of which also state that the Paris apartment is not owned but rented.  

'Mr. Normal' has claimed to dislike the rich and regards the world of finance as his enemy.

So here:

The 57-year-old Socialist has openly admitted that he "does not like the rich" and declared that "my real enemy is the world of finance". This means taxing the wealthy by up to 75 per cent, curtailing the activities of Paris as a centre for financial dealing, and ploughing millions into creating more civil service jobs.

Norway's Peace Geezer Johan Galtung Erupts With Sustained Anti-Semitism

'Principal Founder of Peace and Conflict Studies'

Blaming the Jews not just for the inspiration, mind you, but for the crime of the Norway shooter, according to this story:

Appearing on the left-wing radio show Democracy Now, Norwegian academic Johan Galtung, whose grand-daughter was nearly killed during the attack, hinted darkly that Breivik drew inspiration from the notorious Irgun bombing of the King David Hotel in Jerusalem, which occurred on the same date in 1946. In a subsequent speech, Galtung suggested Mossad involvement in the Norwegian massacre, noting for good measure that Jews control the American media.

Here's a transcript of Galtung's remarks on Breivik's choice of 22/7:

JOHAN GALTUNG: Well, she is doing fine. She’s a strong young woman, a wonderful person. Thanks for having me.

Well, the mass murderer is now in court. There’s a lot of talk about his psychology. I find that less interesting. Much more interesting are the deep motivations, always thinking politically. And in order to get into that, you can start with the date he chose. That was 22nd of July. Twenty-second of July, 1099, the Knights Templars liberated Jerusalem for the Christians, later on for the Jews. The 22nd of July, 1946, King David Hotel was exploded by what was at that time Jewish terrorists. Some of them later became prime ministers of Israel. So the day is not quite by chance. He has deep, deep anchorings in Judeo-Christian mythology and the myths of the Knight Templars.


So, I suppose we're supposed to believe that the King David Hotel attack was chosen by Jews, what, to commemorate an attack on Jerusalem by Christians in 1099? What a crackpot.

But there's more, much more.

The Mossad connection to Breivik was asserted in a now infamous speech given by Galtung last September, all of which is neatly summarized with links here by Bruce Bawer:

Last September 30, he gave another lecture entitled “Ten Theses about July 22” – that being the date on which Anders Behring Breivik massacred 77 people in and near Oslo. The lecture, according to NRK, the Norwegian national broadcasting company, “was greeted with a standing ovation by some, while others chose to leave the auditorium.” Good for them. In Dagbladet on October 7, John Færseth neatly summed up the lecture’s message as follows: “Galtung comes dangerously close to the idea that the world is really controlled by Jews and Freemasons.” After Galtung replied to Færseth, the latter followed up by reprinting his Dagbladet article in the Humanist along with a reply to Galtung’s reply. Galtung’s reply to the reply to his reply – are you still with me? – appeared in a later issue of the Humanist, and both items from the Humanist were made available online on April 23. ...

Among the questions Galtung wants to see discussed freely – in order, you understand, to prevent an explosion of anti-Semitism – is whether, as one of his fellow “peace researchers” in Sweden has proposed, Anders Behring Breivik was an operative for the Mossad. (In other words, Galtung expects us to mull over the proposition that the government of Israel masterminded the cold-blooded execution of dozens of Norwegian teenagers attending a summer camp.)

Galtung also suggests that a more open and robust discussion of the contents of a certain book would be yet another healthy way to prevent anti-Semitism from spinning out of control. Which book?  Why, the Protocols of the Elders of Zion, of course. “I wonder how many of those who have such definite opinions about the Protocols of the Elders of Zion have actually read them?” Galtung writes. “It’s impossible to do so today without thinking of Goldman-Sachs.”

Norway, to paraphrase Harvey, is a pestilent seminary, the cause of more or less truculent plagues, of the Breivik variety, and of the Galtung.

Must be something in the water.

Money Is Hiding From Obama, Not From The Market

Jeff Cox at CNBC.com here, like most in the financial press, cannot understand that mom and pop no longer invest not because they do not trust the market, but because they do not trust the political leadership which is manipulating it:

[I]f investors are learning more, that education has taught them to flee the market.

Money market mutual funds, where investors typically park their money in times of duress before deciding where to deploy, has shrunk from just short of $4 trillion during the worst days of the financial crisis all the way down to $2.57 trillion, according to the Investment Company Institute.

But the lion's share of that money has gone not to stocks but to bonds. In the most recent week for which data is available, stock funds lost a stunning $5.3 billion while bond funds gained $7.5 billion.

All this, while the stock market has doubled gains off its March 2009 666 number-of-the-best intraday low.

President-Elect Hollande Of France Must Be Reading Clive Crook

Here's Clive just days ago:

The question is whether Hollande will row back from his campaign pledges quickly enough to avert disaster.

The mood of jubilation among France’s unreconstructed leftists will make it difficult. And Hollande doesn’t have much time. Mitterrand took from 1981 to 1983 to discover that his policies constituted the alternative that Margaret Thatcher had in mind when she said, “There is no alternative.” Hollande may have just days to come to the same revelation. Looming parliamentary elections complicate the tactical judgment. Hollande needs voters to give him the majority in next month’s vote for the legislature. He can’t betray his supporters before then.

Whether it’s sooner or later, Hollande will be forced to acknowledge reality, and the disillusionment of the French left will be terrible.

But if it’s sooner, some good could come of his election. ...

Wisely, Hollande’s campaign was more about posture than specifics. We know he’s against austerity and for taxing the rich -- but he hasn’t drawn up a budget. That must wait, he says, until auditors have checked the government’s books. This could give the new president cover to rethink his position on longer-term fiscal control and structural reform. If he does that and insists on short-term fiscal moderation, whether this is deemed a renegotiation of the fiscal pact or merely a supplement to it, his election might help Europe.

And now we have President-elect Hollande today here, taking cover and preparing his supporters for the bad news:

Hollande stuck to his own deficit reduction goals despite new European Union figures released Friday that paint a bleak picture for France and the whole eurozone.

"I have known for several weeks that there was a greater degradation than the outgoing government said there was. We conclude that this is a confirmation," Hollande told reporters in the central city of Tulle.

He said the new figures do not necessarily mean he has less room to maneuver after he takes office Tuesday. "No, we had already expected this," he said in remarks shown on French television.

He said he's asked for an audit of France's budget by the Cour des Comptes, budget watchdog. The audit is expected to be completed by late June.

The Rational Thing To Do Is Get Out Of Bonds Now

So Mark Hulbert, here:

Given your belief that bonds in a decade’s time will be lower than where they are today, and the dismal failure of bond market timers to successfully time the market’s gyrations, the rational thing to do is get out of bonds now.

Wikipedia Article 'Continent' Is Someone's Playground Today

Here's a screen-shot:

The EU Ponzi: Drowning Banks and Sovereigns Clinging to Each Other

So Satyajit Das, quoted here:

“As with the sovereigns, the LTRO does not solve the longer term problems of the solvency or funding of the banks, which now remain heavily dependent on the largesse of the central banks,” said Das, who fears deep recession. “It is a government-sponsored Ponzi scheme where weak banks are supporting weak sovereigns, who in turn are standing behind the banks — a process which can be described as two drowning people clinging to each other for mutual support.”

Hillary Clinton Takes A Career Risk

Obama Trounces 'No Preference' 79-21 Percent in NC Primary

Hm. Hm. Hm.

Obama Beats Texas Inmate in Coon Skin Cap in WV Primary 59-41 Percent

Oh wait, that's his hair.

Story here.

Hm.

Unions Fail to Get Falk as Dem. Nominee v. Walker in WI

Politico has the story here:

Despite his late entry into the race, Barrett held a wide lead in the polls, aided in part by higher name recognition. Falk acknowledged that fact while campaigning in Milwaukee on Monday, saying she has always been the underdog.

“I have been all along because Tom [Barrett] just ran for governor a year ago,” she said.

Barrett’s victory came despite organized labor’s best efforts against him. Most of the state’s unions – including the AFL-CIO, the Wisconsin Education Association Council, the American Federation of State, County and Municipal Employees, the SEIU and the United Food and Commercial Workers – endorsed Falk.


The Milwaukee Journal-Sentinel shows here the beating the unions' candidate received at the hands of Barrett, who will face  energized Republicans who turned out massively for Walker yesterday in the pro forma Republican primary:

David Stockman Agrees With John Bogle: Everything is Overvalued

In an interview reproduced here, I find myself pleasantly surprised because David Stockman says many agreeable things, especially this:

TGR: Will the mayhem stretch into the private sector?

DS: It will be everywhere. Once the bond market starts unraveling, all the other risk assets will start selling off like mad, too.

TGR: Does every sector collapse?

DS: If the bond market goes into a dislocation, it will spread like a contagion to all of the other asset markets. There will be a massive selloff.

I think everything in the world is overvalued—stocks, bonds, commodities, currencies. Too much money printing and debt expansion drove the prices of all asset classes to artificial, non-economic levels. The danger to the world is not classic inflation or deflation of goods and services; it's a drastic downward re-pricing of inflated financial assets.

Mourdock Creams Lugar in Indiana, But is he a Conservative?

Murdock once supported the Fairness Doctrine, of all things, way back in 1992, according to this story. The source cited is National Review.

And he's supposedly soft on sanctions against employers who employ illegals. No source named.

We'll see. He'll have to defeat Democrat Joe Donnelly first though.

Anyway, that squish Lugar is history.

The Refrain in Spain: "hagamos como islandia"

"Do as Iceland"!

Just say . . .

 

North Korean Camp 14 Escapee Hooked in Stomach, Hung Over Fire

From the London Evening Standard, here, which details some of the experiences of the only known person to escape the hell-hole known as North Korea, to which Jimmy Carter recently sent condolences on the death of the little monster responsible for the crime:

Shin’s conception had been arranged by the guards. They chose his mother and father, Shin Gyung Sub, as prizes for each other in a “reward” marriage. The couple were allowed to sleep together for five nights and then Shin’s father was allowed to visit his family only a few times a year. Their eldest son, Shin He Geun, was born in 1974, Shin arrived eight years later.

Park Yong Chul was a well-travelled North Korean who’d enjoyed a life of relative luxury before arriving at Camp 14 in 2004. Shin was instructed to befriend Park — and extract a confession. Through him, Shin learned about the existence of other countries, televisions, computers but mostly, he learned about food. Park described chicken, pork and beef, leading Shin to make his first free decision: he chose not to snitch on Park, instead hatching a plan for them to escape together. “Hearing about the food he’d eaten in the outside world was the main trigger,” recalls Shin. “I wanted to eat that kind of food — things unimaginable within the camp.”

Park was electrocuted during the escape as he squeezed through the electric fence. Shin suffered only burns, a small price after years of torture. His body bears many scars — his finger was chopped off by guards who also stuck a hook through his stomach and suspended him over a fire.

The Triumph of Newspeak in the EU: Spending is Austerity

The only voice which doesn't whine in the language of Newspeak appears to be Angela Merkel's in Germany. For the rest, the plain record of increased spending on the failed EU welfare state experiment gets called austerity.

Investors.com puts it best, here:

Austerity? Spending has boomed in the EU over the last decade. During the 2000s, EU member nations collectively boosted government outlays by 62%. Average government spending by EU nations today stands at about 49.2% of GDP — vs. 44.8% in 2000.

On its own website, the EU itself ridicules the notion of government austerity as a "myth."

"National budgets are NOT decreasing their spending, they are increasing it," the EU says, noting that in 2011, 23 of the 27 nations in the EU increased spending. This year, 24 of 27 will do so.

Did that decade-long spending increase boost GDP growth? No. During the 2000s, average annual GDP growth in the EU fell to 1.2% from 2.2% in the 1990s.

So the idea that Europeans are "tired" of austerity is false. You can't be tired of something you haven't tried. This is why an exasperated German Chancellor Angela Merkel said Monday she'll continue to demand that other countries make real cuts in spending.

Election 2012: Obama Hits The Rubber Puppy Circuit

Greater Europe Has 8 of 10 Highest Taxed Incomes

Showing highest marginal income tax rate and income level at which it begins:

10. Ireland, 48.0 percent + social security 4 percent, $43,900

09. Finland, 49.2 percent, $91,000

08. England, 50.0 percent + social security 12 percent, $231,000

07. Japan, 40.0 percent + 10 percent municipal + 5 percent social security, $217,000

06. Belgium, 50.0 percent + social security 13 percent + municipal 11 percent, $46,900

05. Austria, 50.0 percent + social security 18 percent, $80,000

04. Netherlands, 52.0 percent, $74,500

03. Denmark, 55.4 percent, $76,000

02. Sweden, 56.6 percent + social security 7 percent, $81,000

01. Aruba (Netherlands), 58.95 percent, $165,000 

The slideshow and commentary at CNBC.com is viewable here.

China Dries and Pulverizes Abortions For Stamina Pills

Barbarism is alive and well in the world.

So-called advanced societies like the United States abort over a million children a year, where its president views babies as a punishment. In China it's more like 13 million a year, and many of those end up in a dried and pulverized form in pills which are sold on the lucrative stamina market.

Nowhere do I read in the gruesome stories here and here that this amounts to cannibalism, but that's what it is, pure and simple, and America and the world relies on this barbaric country for most of its cheap manufactures.

Forward!

Progress!

Aging American Leftist: Social Security is Unaffordable

One Janet Daley, formerly of Berkeley, California, purportedly also a former leftist, in the UK Telegraph here:

Relying on the free market to support a vast system of entitlements (whichever of the two you choose to make your first priority) is not sustainable. The market economy simply cannot afford the enormous cost of the social security programmes that are now regarded as politically untouchable in Europe and in the US – as both of their political elites are painfully discovering.

Mark Steyn: Elizabeth Fauxcahontas Crockagawea Warren

Elizabeth Talking Bull

Here:

Alas, the actual original marriage license does not list Great-Great-Great-Gran’ma as Cherokee, but let’s cut Elizabeth Fauxcahontas Crockagawea Warren some slack here. She couldn’t be black. She would if she could, but she couldn’t. But she could be 1/32nd Cherokee, and maybe get invited to a luncheon with others of her kind — “people who are like I am,” 31/32nds white, and they can all sit around celebrating their diversity together. She is a testament to America’s melting pot, composite pot, composting pot, whatever.

That's why they pay him the big bucks.

(image source)

PM Cameron Talks Up Sodomy While UK Takes On Water

Cameron, looking the wrong direction

In the words of the UK Telegraph here, after Cameron's so-called conservatism took a drubbing in the recent elections:

Mr Cameron is a charismatic leader who has refreshed his party, and made it far more comfortable with the modern world. But his political strategy and positioning are failing to deliver. By making a totem of issues such as overseas aid and gay marriage, he has alienated core voters without winning new ones. The result of adhering to a Westminster definition of the centre ground, and trying to be all things to all people, is that the Conservative Party now appears to lack the message, the focus, and the strategy to win a majority. ...

What [the voters] care about – and what Mr Cameron must preoccupy himself with – are earthier issues: fixing the economy, cutting the cost of living, getting tough on crime and welfare dependency, restricting immigration, standing up to Europe on human rights.

Such a strategy is being dismissed as a “lurch to the Right”. But what it actually represents is a lurch towards the public, a fresh offering that appeals to hard-pressed families and striving workers – to those looking for a reason to vote Tory and thus far failing to find one.

Shills for ObamaCare Adopt Orwell's Newspeak: Mandates are Liberty!

An astute commenter on "Yes, the Health-Care Mandate Is About Liberty" by Jonathan Cohn and David A. Strauss at Blooomberg.com here captured the Orwellian Newspeak with this pithy formulation:

Mandatory Arbitration: Big Business' Latest Weapon Against The People

And they don't hoodwink you into it, either. You sign up for it.

Susan Antilla has all the details for Bloomberg, here:

The McMahon decision was damaging enough for the impact it had on individual brokerage customers, who tell their stories about fraud, misrepresentation and churning behind closed doors where the public -- including reporters -- isn’t welcome. ...

“It means that all sorts of scams against individuals, however large, are very unlikely to come to the attention of the media and the public,” says F. Paul Bland Jr., a senior attorney at the public-interest law firm Public Justice in Washington.

Wall Street may have been first to catch on to the benefits of mandatory arbitration, but Bland worries that the closed-door trials are spreading to industries from retailing to homebuilding. “The silence and secrecy that surrounds arbitration is extremely harmful to the country,” he says.

These days, employers -- Manpower Inc. and Nordstrom Inc. among them -- require new hires to give up their rights to court before a fresh-faced recruit can check in for orientation. And consumers can forget about opening a Netflix account, signing a mobile-phone contract, or putting a loved one into most big-name nursing homes unless they are willing to give up their rights to go to court. Buying a Starbucks gift card? You are agreeing to mandatory arbitration of any fraud or misrepresentation by the company. ...

In April 2011, the court dealt a new blow to consumers and employees in a case known as AT&T Mobility v. Concepcion. AT&T had pitched a deal to woo new mobile-phone customers by offering free phones, but it turned out the freebie came with a $30.22 bill for “taxes.” Vincent and Liza Concepcion tried to bring a class-action lawsuit on behalf of all the other consumers who took AT&T’s deal. But the court said that when the couple signed the customer agreement, they gave up their right not only to sue, but also to a class action even in arbitration.

In the year since the Concepcion decision, lower courts have trashed dozens of cases in which consumers or employees were trying to sue as a group. The National Labor Relations Board pushed back against the impact the Concepcion decision might have on employment class actions, ruling in January that it’s a violation of federal labor law to make workers give up the right to pursue group claims. That decision probably will be challenged in court.

About 25 percent of U.S. employees are covered by mandatory-arbitration clauses, says Alexander J.S. Colvin, an associate professor of labor relations and conflict resolution at Cornell University. He figures the number will grow as a result of the Concepcion case.

UK Guardian None Too Happy Sarkozy Played Muslim Card

In an editorial, here, about the one and only debate between Sarkozy and Hollande:

At one point Mr Sarkozy plumbed new depths in a campaign which had already turned xenophobic to recapture ground from Marine Le Pen. This was where he explained that he was not bothered about Canadian or Norwegian immigrants getting the vote, but Algerian, Malian and Nigerian ones – the Muslim ones of course: "Community tensions come from whom and they come from where?" This was the Sarkozy of old, the former interior minister of raw political ambition who earned the loathing of his colleagues by calling delinquents rabble, and promising to cleanse minority suburbs with a Kärcher high-pressure water hose.

What's 1/16 Cherokee + 1/32 Cherokee?

Two complete nuts:

Ward LeRoy Churchill

Elizabeth Warren

Michigan Public Libraries Prefer Liberal Bill Press to Conservative Deneen Borelli

ranks 6637 at amazon

available from 8 libraries

ranks 1994 at amazon

available from 2 libraries

Irrational Exuberance in French Real Estate, as in USA, Began in Late 1990s

And a long, steady slide back down is in the cards.

So Ambrose Evans-Pritchard in the UK Telegraph, here:

The price-income ratio was stable from the 1960s to the late 1990s, before exploding over the past 12 years as a perfect storm of demographics, state sweetners and cheap credit led to a 12-year blow-off.

There are parallels with Spain and America but Mr Sabatier said the French twist is a replay of the early 1930s when investors fled stocks after 1929 and rotated into "safe" property. Hence the paradox of rising prices during the Depression. The strange boom did not end until premier Pierre Laval cut rent ceilings in 1935, triggering a long slide.

"Laval's policy change was the catalyst. The same could happen now as austerity forces brutal measures," he said. An array of market props are eroding, including tax relief on some mortages and certain capital gains. ...

A housing slump would hammer the economy just as long-delayed austerity begins in earnest. Property makes up 65pc of French household wealth, compared with 57pc in Germany, 39pc in Japan and 27pc in the US.

Under Obama 5.4 Million New Americans Take SSDI, Doubling Total to 10.8 Million

For the full story by John Merline and all the data, go here at Investors.com.

Nothing is said about the cost of this exodus to dependency, which other stories have said is $200 billion annually, but Merline does mention that the funds designated for the purpose of disability benefits will run out in 2018, six years from now.

80 Percent of Unemployment Rate Decline Due to Persons Leaving Labor Force

So says Peter Morici, quoted here by Elizabeth MacDonald at Fox Business:

“Some 80% of the reduction” in the unemployment rate from 10% hit in October 2009 to today’s 8.2% “has been from adults quitting the labor force,” says economist Peter Morici.

  

Morici adds the unemployment rate “rises to 14.5% if you factor back in those who’ve stopped looking for work but would re-enter if there were jobs, as well as part-time workers who would prefer full-time positions.” ...

The U.S. economy is creating jobs, but it is struggling, adding jobs at a rate of just 131,000 a month in 2011, which is not enough to reduce the unemployment rate.

Morici says the U.S. economy “must add 13 million jobs over the next three years -- 362,000 each month -- to bring unemployment down to 6%. GDP would have to increase at a 4% to 5% pace.”

So there you have it.

Since when does a nation’s labor force shrink during a recovery? It should not shrink, it should grow in a recovery.

Unemployment Falls to 8.1 Percent, 115K New Jobs

Consensus estimates had new jobs at 170K. Gee, they were off by only 55K this time.

Obama has been president for 39 full months, all of them with unemployment above 8 percent.

The Bureau of Labor Statistics reports the anemic results for April 2012 here:

Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing.

Unemployment in the US in the post-war period seems to get progressively worse only since America jettisoned strong dollar policy under Richard Nixon in 1971, as this graphic from The Wall Street Journal plainly illustrates.

And Obama wants us to go FORWARD with that, which means unemployment will only get worse over the long haul with the likes of him at the helm.

If only forward meant the past, like 1948-1968.

The Euro Area is Walking into Depression

So says The Economist, here:

"The euro area is walking, eyes wide open, into depression. Led by its periphery, which is already there."

How's Your Health Insurance? Mine's Up 25 Percent Since ObamaCare Passed

ObamaCare passed in March 2010, and since then my costs for health insurance for my family have gone up, and up again.

My first increase was effective in May of 2011, a 6.7 percent increase in the premium.

The second increase was effective just a few days ago on May 1, 2012, a whopping 17.2 percent rise in the cost.

Overall, my rates are up 25.1 percent for a plan that discounted a recent doctor-ordered 4 hour emergency room visit and follow-up care less than 23 percent.

Owie!

Between October 2006 and October 2011, US Real Estate is Down $7 Trillion

See here for the data.

The decline measured by the Federal Reserve's Z.1 Flow of Funds Release, B.100, shows the peak value of US real estate in October 2006 at $25 trillion. As of October 2011 the metric has fallen to $18.1 trillion.

Note the dramatic new uptrend in valuation which began in the late 1990s coincident with tax law changes permitting tax-free capital gains up to $500K in some circumstances to owners who occupied their homes for two years. Prior to that the gains were tax-free only once in a lifetime.

Call it housing commoditization.

Can you imagine returning to the trend line status quo ante? Hell to pay: at least another $2 trillion in declines coming.

Total Private Employment Today is at April 2000 Level

For the data, go here.

Peak private employment in America was reached in January 2008 under George W. Bush at 115.65 million. As of March 2012 the level is 4.85 million fewer, at 110.8 million.

Two Million German Women Violated By Stalin's Animals in 1945

An appalling story of human evil.

Here and here.

Norway is Anti-Semitic Because it Singles Out Israel for Opprobrium

So says Michael Sharnoff here, where he provides numerous examples dating from 2006 to the present:

Oslo’s recent behavior reveals a proclivity toward singling out Israel among all other nations for international opprobrium.

Norwegian leaders and officials attempt to justify their anti-Israel actions based on the narrative that Israel occupies Palestinian land. They typically avoid specifically targeting Jews, for fear of being labeled anti-Semitic, but their actions nonetheless exhibit traits of “genteel anti-Semitism.” ...

I would like to remind the Norwegian government and corporate CEOs of the European Union’s examples of the ways in which anti-Semitism manifests itself: “Claiming that the existence of a State of Israel is a racist endeavor, applying double standards by requiring of it a behavior not expected or demanded by any other democratic nation; and drawing comparisons of contemporary Israeli policy to that of the Nazis.”

Sarkozy v. Hollande: Their Only Difference (Small) Is Height

UMPS!

As observed by a supporter of Le Pen, quoted here in The Christian Science Monitor:

In a fiery speech to thousands of supporters waving French flags, Le Pen slammed Sarkozy's rhetoric on the need to strengthen borders and maintain a clear national identity as pure theatrics and labelled him and Hollande as lackeys of the European Central Bank, IMF and European Commission.

"The French have started their emancipation," she said, scorning the mainstream parties, the UMP and PS, or Socialists, as an indistinguishable "UMPS" bloc.

"The UMPS will not succeed," she said. "All of their efforts cannot stop us growing and cannot block our path to power."

Mockery of the two remaining candidates was a common theme among Le Pen's supporters:

"Sarkozy and Hollande, they are exactly the same," said an 18-year-old who gave her name as Justine. "If there is a difference between the two it's their height."

Another Geezer Eruption From Climate Alarmist James Lovelock: 'Put Democracy On Hold For A While'

This one in, where else?, the UK Guardian in 2010, which I missed, but many others noticed:

We need a more authoritative world. We've become a sort of cheeky, egalitarian world where everyone can have their say. It's all very well, but there are certain circumstances – a war is a typical example – where you can't do that. You've got to have a few people with authority who you trust who are running it. And they should be very accountable too, of course.

But it can't happen in a modern democracy. This is one of the problems. What's the alternative to democracy? There isn't one. But even the best democracies agree that when a major war approaches, democracy must be put on hold for the time being. I have a feeling that climate change may be an issue as severe as a war. It may be necessary to put democracy on hold for a while.

James should have been more honest. What he really meant to say was, "We need a more authoritarian world."

Remind you of anyone?