May 2012 archive

Fed- We Fucking Give Up!

Well, then do us all a favor and quit you incompetent assholes!

Pre-recession unemployment rate is out of reach

A new report authored by a Federal Reserve president says unemployment cannot fall to pre-recession levels without an inflationary impact. So get used to high unemployment.

By Nin-Hai Tseng, Fortune

May 4, 2012: 11:50 AM ET

On Thursday, John Williams, president of the Federal Reserve Bank of San Francisco, suggested that perhaps Americans should lower their expectations given the challenges workers faces. A research note co-authored by Williams estimated that the lowest level of joblessness that can be reached without leading to inflation could be 6.5%. Before the recession, the unemployment rate was generally at around 5%.



In early 2009, eligibility for unemployment benefits was extended from 26 weeks to up to 99 weeks.

While such benefits reduce hardships for the unemployed, they might also “reduce the incentive of the unemployed to seek and accept less desirable jobs,” according to the report.



If workers are latching on to any hope that the economy has turned a corner, perhaps they’d be more realistic by hoping for a little less.

Don’t let the door hit you, you lazy useless gits.

Cartnoon

Two Scent’s Worth

Obesity: America’s Costliest Disease

Obesity has been on the rise in the United States for years and it has now become America’s costliest disease:

U.S. hospitals are ripping out wall-mounted toilets and replacing them with floor models to better support obese patients. The Federal Transit Administration wants buses to be tested for the impact of heavier riders on steering and braking. Cars are burning nearly a billion gallons of gasoline more a year than if passengers weighed what they did in 1960.

[..] The startling economic costs of obesity, often borne by the non-obese, could become the epidemic’s second-hand smoke. Only when scientists discovered that nonsmokers were developing lung cancer and other diseases from breathing smoke-filled air did policymakers get serious about fighting the habit, in particular by establishing nonsmoking zones. The costs that smoking added to Medicaid also spurred action. Now, as economists put a price tag on sky-high body mass indexes (BMIs), policymakers as well as the private sector are mobilizing to find solutions to the obesity epidemic.

[..] The U.S. health care reform law of 2010 allows employers to charge obese workers 30 percent to 50 percent more for health insurance if they decline to participate in a qualified wellness program. The law also includes carrots and celery sticks, so to speak, to persuade Medicare and Medicaid enrollees to see a primary care physician about losing weight, and funds community demonstration programs for weight loss.

[..] Because obesity raises the risk of a host of medical conditions, from heart disease to chronic pain, the obese are absent from work more often than people of healthy weight.

[..] The medical costs of obesity have long been the focus of health economists. A just-published analysis finds that it raises those costs more than thought.

[..] For years researchers suspected that the higher medical costs of obesity might be offset by the possibility that the obese would die young, and thus never rack up spending for nursing homes, Alzheimer’s care, and other pricey items.

There is a bright side to being obese:

An obese man is 64 percent less likely to be arrested for a crime than a healthy man. Researchers have yet to run the numbers on what that might save.

And it’s not just adults.

Today’s Kids May Be Destined for Adult Heart Disease

Solution lies in instilling healthy habits, not adding medication, experts say

An array of factors has been deemed key to a healthy heart by the American Heart Association, including maintaining a healthy weight, being physically active on a regular basis, eating a healthy diet, not smoking and keeping blood pressure, cholesterol and glucose levels normal.

But half of U.S. kids meet just four or fewer of these health criteria, according to a report, Heart Disease and Stroke Statistics — 2012 Update, which was published in Circulation.

And, among those in high school, 30 percent of girls and 17 percent of boys do not get the recommended 60 minutes a day of physical activity, the report noted.

In addition, a report from the U.S. Centers for Disease Control and Prevention found that one in five children had abnormal cholesterol levels, which prompted the American Academy of Pediatrics to issue new guidelines recommending that all children 9 to 11 years old be screened for high cholesterol levels.

“I love starting my day with a breakfast burrito.”

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Reena Rose Sibayan/The Jersey Journal

h/t watertiger at Dependable Renegade

WWL Radio #151 Michael Parenti Interview



Listen to Diane Gee with Michael Parenti live on WWL Radio Friday, May 4th at 6pm EDT!



Listen live by clicking the link icon below:

Listen to The Wild Wild Left on internet talk radio

PhotobucketTonight I have the honor of speaking to another of our generations brightest and best, the genius of Michael Parenti.

A true visionary, Parenti has been working tirelessly for decades to break the paradigm of political orthodoxy and bring us to a clearer vision of the realities we face under Capitalism and Empire.  

Michael Parenti received his Ph.D. in political science from Yale University. He has taught at a number of colleges and universities, in the United States and abroad.  He now serves on the advisory boards of Independent Progressive Politics Network, Education Without Borders, and the Jasenovic Foundation; as well as the advisory editorial boards of New Political Science and Nature, Society and Thought. He also served for some 12 years as a judge for Project Censored.

Author of 24 books, we will be speaking about his latest, “The Face of Imperialism” and how it applies to our conditions at present.

His website is http://www.michaelparenti.org/

Michael is an amazing man, my problem will be mining his wonderful mind for everything I need to know in an hour-long format!!

Please Join us!

The call in number is 646-929-1264 to join the conversation!

Tip: In order to comment in the show’s companion chat, you must create a BTR account, its free and only takes seconds. Chat is monitored during the show, so make yourself heard.

Miss the show? The podcasts are available at the link above, or at the Wild Wild Left

Join Wild Wild Left Radio every Friday at 6pm ET, with Hostess and Producer Diane Gee to guide you through Current Events taken from a Wildly Left Prospective….  



WWL Radio: Bringing you controversial, cutting edge, revolutionary, “out there where the buses don’t run” LEFT perspective since January of 2009!

On This Day In History May 4

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

Click on images to enlarge

May 4 is the 124th day of the year (125th in leap years) in the Gregorian calendar. There are 241 days remaining until the end of the year.

On this day in 1970, At Kent State University, 100 National Guardsmen fire their rifles into a group of students, killing four and wounding 11. This incident occurred in the aftermath of President Richard Nixon’s April 30 announcement that U.S. and South Vietnamese forces had been ordered to execute an “incursion” into Cambodia to destroy North Vietnamese bases there. In protest, a wave of demonstrations and disturbances erupted on college campuses across the country.

There were no warnings when the Guardsmen opened fire. 60 rounds were fire into the crowd of demonstrators. After an investigation, all the charges were dropped against the National Guard in 1974.

New audio from the day of the shootings has been released on a website dubbed KentState1970.org. The site also features images of the historic day’s tragic events.

 

Muse in the Morning

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Joy 3

Late Night Karaoke

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Sprockets

Art valuation datapoints of the day

Felix Salmon, Reuters

May 3, 2012 11:11 EDT

As you have no doubt heard by now, The Scream sold at Sotheby’s for $120 million yesterday, prompting Mark Gongloff to wax apocalyptic about “the big squeaky speculative bubble in the art world”. He’s absolutely wrong: whether there’s a bubble or not, this purchase was not speculative.



Remember the Card Players which sold for $250 million? Or, for that matter, the Jeff Koons Rabbit I wrote about earlier this week, which is probably worth the same amount of money as The Scream, more or less? The three artworks all have something in common: they’re editions, broadly speaking. There are four Screams, five versions of the Card Players, and four Rabbits. And in each case, the value of any given work goes up, not down, as a result of the existence of the others.

That’s because what people are buying, when they buy one of these pieces, is a cultural icon, something instantly recognizable. As Clyde Haberman says of the Scream, “if you’ve never seen a tacky facsimile of it, there’s a chance that you have also never seen a coffee mug, a T-shirt or a Macaulay Culkin poster”. And truth be told, it’s not exactly Good Art.



The real value of the Scream, then, the reason that a pastel on cardboard sold for $82 million more than the price of the oil-on-canvas Vampire, lies precisely in all those mugs and t-shirts and Home Alone one-sheets. Whatever was being bought, here, it wasn’t really art, in any pure sense. It was more the result of a century’s worth of marketing and hype.



Or, to take another example, an old porcelain bowl, roughly the size of your hand, and looking like nothing so much as the thing which lives by the door where you keep your keys, sold for $27 million at Sotheby’s in Hong Kong last month. It might be a trophy, but it’s not an obvious, branded trophy in the way that the Scream is.

Cartnoon

Polar Pals

On This Day In History May 3

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

Click on images to enlarge

May 3 is the 123rd day of the year (124th in leap years) in the Gregorian calendar. There are 242 days remaining until the end of the year.

On this day in 1919, Pete Seeger, folk singer, activist, environmentalist was born in NYC.

On July 26, 1956, the House of Representatives voted 373 to 9 to cite Pete Seeger and seven others (including playwright Arthur Miller) for contempt, as they failed to cooperate with House Un-American Activities Committee (HUAC) in their attempts to investigate alleged subversives and communists. Pete Seeger testified before the HUAC in 1955.

In one of Pete’s darkest moments, when his personal freedom, his career, and his safety were in jeopardy, a flash of inspiration ignited this song. The song was stirred by a passage from Mikhail Sholokhov’s novel “And Quie Flows the Don”. Around the world the song traveled and in 1962 at a UNICEF concert in Germany, Marlene Dietrich, Academy Award-nominated German-born American actress, first performed the song in French, as “Qui peut dire ou vont les fleurs?” Shortly after she sang it in German. The song’s impact in Germany just after WWII was shattering. It’s universal message, “let there be peace in the world” did not get lost in its translation. To the contrary, the combination of the language, the setting, and the great lyrics has had a profound effect on people all around the world. May it have the same effect today and bring renewed awareness to all that hear it.

The War on Terror Escalates

Cross posted from The Stars Hollow Gazette

One would have thought that with Osama bin Laden gone forever from the scene that the Obama administration and Congress would have stepped back from the continued use of fear of a terrorist attack to whittle away at our freedoms. Apparently, Osama’s demise has actually led to an even greater increase the assault on American’s Constitutional freedoms. Glenn Greenwald enumerates the increased assaults on civil liberties that have been taken since bin Laden’s “summary execution one year ago”:

   *With large bipartisan majorities, Congress renewed the once-controversial Patriot Act without a single reform, and it was signed into law by President Obama; Harry Reid accused those urging reforms of putting the country at risk of a Terrorist attack.

   * For the first time, perhaps ever, a U.S. citizen was assassinated by the CIA, on orders from the President, without a shred of due process and far from any battlefield; two weeks later, his 16-year-old American son was also killed by his own government; the U.S. Attorney General then gave a speech claiming the President has the power to target U.S. citizens for death based on unproven, secret accusations of Terrorism.

   * With large bipartisan majorities, Congress enacted, and the President signed, a new law codifying presidential powers of worldwide indefinite detention and an expanded statutory defintion of the War on Terror.

   * Construction neared completion for a sprawling new site in Utah for the National Security Agency to enable massive domestic surveillance and to achieve “the realization of the ‘total information awareness’ program created during the first term of the Bush administration.”

   * President Obama authorized the use of “signature” drone strikes in Yemen, whereby the CIA can target people for death “even when the identity of those who could be killed is not known.”

   * The U.S. formally expanded its drone attacks in Somalia, “reopening a base for the unmanned aircraft on the island nation of Seychelles.”

   * A U.S. drone killed 16-year-old Pakistani Tariq Aziz, along with his 12-year-old cousin, Waheed, three days after the older boy attended a meeting to protest civilian deaths from U.S. drones (another of Tariq’s cousins had been killed in 2010).

   * NATO airstrikes continued to extinguish the lives of Afghan children; in just the last 24 hours, 5 more Afghan children were killed by the ongoing war.

   * The FBI increased its aggressive attempts to recruit young Muslim-American males into Terror plots which the FBI concocts, funds, encourages, directs and enables, while prosecuting more and more Muslims in the U.S. for crimes grounded in their political views and speech.

President Obama now has power that Bush never had, earning the damning praise of war criminal in retirement, Dick Cheney, “He’s learned that what we did was far more appropriate than he ever gave us credit for while he was a candidate.” The United States is rapidly becoming a surveillance state with no protections for its citizens, thanks to a Democratic administration. Who would have dreamed?

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