Tuesday, July 26, 2011

Debt Drama Blocks Out Big Picture on Credit - NYTimes.com

President Obama went to the American public via TV, figuring that if they were sufficiently ignorant of the facts to vote for him in the first place, then they are likely continuing in their ignorance of what’s really going on with the nation's over-maxxed credit cards and what it’s going to do to our country’s credit score. In his own words:

"That's not leadership. That's not going to happen,"

“What I think is underappreciated until now is a possible outcome whereby the debt ceiling is increased, debt default is avoided, but one of the rating agencies feels compelled to downgrade America’s AAA because of insufficient agreement on medium-term fiscal reform,” Mr. El-Erian said.

If the country were to lose its vaunted rating, the federal government, companies, homeowners and innumerable others would see their costs skyrocket — a situation that would certainly send the markets into a downward spiral.

Debt Drama Blocks Out Big Picture on Credit - NYTimes.com

Friday, July 22, 2011

What happened to global warming? - Science Fair - USATODAY.com

Wow….all my expectations that man has caused Global Climate Change are quickly going up in a puff of smoke…I mean volcanic ash.
"What happens in the future depends on the cause of the aerosols," says Daniel. "If it's volcanic, it depends on what volcanoes do. If its sulfur, it depends on what our pollution is."
The paper does not address how man-made versus natural activities contribute to aerosol creation, which they say is a question to be explored in further studies.
As for aerosols' impact on climate models used to estimate future global warming, according to the study, "climate model projections neglecting these changes would continue to overestimate the … global warming in coming decades if these aerosols remain present at current values or increase."
And this comes just weeks after scientists recognize that volcanoes are 100 million times (100,000,000X) more influential on climate than previously understood. Besides clearing the air a bit, to see climate for what it is, this process also discloses “science” for what it isn’t: an authoritative source for knowledge, but rather a systematic process for the alleviation of ignorance. And as such, we have a lot to learn. After all, if we actually knew it all, science –the systematic process by which we relieve ourselves of our ignorance-  would serve no purpose.
And, as the paper points out, natural climate controls will likely dominate, remaining true to climate’s billion year pattern of behavior, where one volcanic eruption can remove an entire season’s warmth. Now that’s what I call ‘influential’.
Man should only hope to have such power. Or not.
What happened to global warming? - Science Fair - USATODAY.com

Tuesday, July 19, 2011

It’s Not the Ceiling That’s The Problem; It’s That The Ceiling Is Already TOO HIGH!

 

Credit rating agencies Fitch, S&P and Moody’s have all warned that without significant deficit reduction being enacted now, the United States’ gold-plated Triple-A credit rating is being reviewed for a downgrade. Significantly, S&P gauges a 50 percent likelihood of a downgrade in the next three months alone.

http://getliberty.org/content.asp?pl=108&contentid=108

Sunday, July 17, 2011

America's real credit problem--Stephen Meister - NYPOST.com


In fact, both Standard & Poor's and Moody's say the real threat to the US government's AAA rating comes from Washington's refusal to start living within its means.
The big problem: President Obama's (and Democrats', in general) ideological resistance to spending cuts.
America's real credit problem--Stephen Meister - NYPOST.com

Thursday, July 14, 2011

Moody's puts U.S. ratings on review for downgrade | Reuters

Why do we pay their salaries? If my TV repairman was this bad at his job, he’d have been long gone. With so much to lose and so much at stake, how does such incompetence gain so much power?

Standard & Poor's placed the U.S. rating on negative outlook on April 18 which meant a downgrade is likely in 12-18 months.

"They are worried they are having these ideological arguments while Rome burns," said Carl Kaufman, portfolio manager at Oster weis Capital Management in San Francisco.

Moody's puts U.S. ratings on review for downgrade | Reuters

First Bar Loses Liquor License Over Smoking Ban Fines - Local News - Columbus, OH - msnbc.com

“If you’re not going to pay us the smoking fines, then we don’t want your liquor tax dollars either. And just tell your employees to get on down to the unemployment office and sign up! There’s plenty of revenue to share!”

First Bar Loses Liquor License Over Smoking Ban Fines - Local News - Columbus, OH - msnbc.com

Tuesday, July 12, 2011

Volcanoes may cause more rain than realized - Science Fair: Science and Space News - USATODAY.com

 

NO ! NO ! NO !

It’s GLOBAL CLIMATE CHANGE CAUSED BY MAN…even if volcanoes are 100 million times more causative than previously known. It’s still man that is doing the most. He just is. It has to be man. It just does.

Volcanoes may release particles that can cause changes in local and regional weather at rates up to 100 million times higher than previously realized.

Volcanoes may cause more rain than realized - Science Fair: Science and Space News - USATODAY.com