Hat Tip: BB
Hat Tip: BB
By: Ashraf Ramelah
Voice of the Copts
Voice of the Copts strongly condemns the round-up, detention and presumed torture of Egyptian Copts in Benghazi, Libya being held for allegedly proselytizing Christianity which is illegal in that country. Evidence of such offense is yet unsubstantiated as facts cited by the arresting body keep changing. Furthermore, the charges are highly suspect given they follow recent attacks on a Coptic church.
Now after more than a week captive, the Egyptian prisoners from Upper Egypt, who live and work temporarily in Libya, are strongly believed to be denied their human rights in violation of international law.
Silence from Egyptian authorities regarding this incident is only expected since its Islamist government is known to degrade minorities inside Egypt. Complacency by the Egyptian Foreign Ministry allowing possible abuses of imprisoned Egyptians in Libya and their arrest to continue unquestioned is reminiscent of tacit government approval by Egyptian officials toward the frequent Muslim attacks on Copts and their churches throughout Egypt.
Voice of the Copts requests western leaders and human rights organizations around the world to intervene to ascertain fair hearings for the Egyptians as soon as possible.
Outside attorneys must be allowed to consult Egyptians inside Libyan prisons to give them opportunity for a proper defense.
Libya must open its prisons for inspection and observation of its treatment of detainees consistent with Geneva Convention requirements.
By: Nelson Abdullah
Conscience of a Conservative
Forty years ago there once was a popular outdoor magazine called Field and Stream. Back then it lived up to its name and contained stories about hunting, shooting and fishing. Then some liberals took it over and turned it into a fishing magazine with ads for BB guns. Their presumed intent was to de-emphasize the popular American gun culture. Around the same time a guy named Zad Rust wrote a very uncomplimentary book called Teddy Bare about Massachusetts Democrat Senator Edward M. “Ted” Kennedy. It documented his involvement in the death of Mary Jo Kopechne on the night of July 18, 1969 at the Dike Bridge on Chappaquiddick Island when an inebriated Ted Kennedy drove his car off the bridge into the water and left Mary Jo Kopechne in the car to drown. Following the publication of Teddy Bare it was reported that Rose Kennedy, patriarch of the Kennedy clan, was so upset with the book she went out and purchased 5,000 copies and had them destroyed to keep anyone from reading them. Such is the illogical logic of liberals, but it goes to illustrate how far they will go to stifle conservatives.
Jump forward to today when the most anti-gun Democrat in the nation, Barack Hussein Obama, capitalizes on the tragic deaths of school children to force his disarming of America and single-handidly does more to increase the sale of guns and ammo than anyone else in history. The Obama movement in American culture has bordered on blasphemy with his followers calling him the new Messiah and comparing him to Jesus Christ. But his big money backers are doing their own work to de-emphasize our favorite passion with guns, trying to help make our gun culture disappear and pave the way for an unopposed totalitarian government. The same way the liberal educators destroyed American History in our schools by not teaching it anymore. The web site Daily Caller has reported that a wealthy Obama contributor is buying up several outdoor sports media companies related to hunting and shooting magazines and cable television production companies that create programs on the Outdoor Channel, and is shutting them down.
Employees: Obama donor in process of buying up and ‘destroying’ America’s top pro-gun media outlets
Employees of Obama donor Leo Hindery Jr.’s media conglomerate Intermedia Partners, which now owns most of the top gun-culture media outlets in the country, believe that Hindery plans to gut and destroy all of them as part of a business plan that has already led to numerous layoffs and the virtual shuttering of prominent television production facilities in Minnesota and Montana.
Hindery, who was in consideration to be President Barack Obama’s secretary of commerce, is managing partner of Intermedia Partners. The New York-based media private equity fund owns Intermedia Outdoor Holdings, which publishes 17 hunting, fishing, and shooting magazines, including Guns & Ammo, Handguns, Gun Dog, Rifle Shooter and Shooting Times.
InterMedia Outdoor Holdings purchased the pro-gun hunting and fishing network the Sportsman Channel in 2007, and is now in the process of acquiring the Outdoor Channel, pending the federal government’s approval of last month’s merger between InterMedia Outdoors and Outdoor Channel Holdings.
InterMedia employees believe that Hindery, a Huffington Post blogger who has contributed to numerous Democratic politicians including Andrew Cuomo and Elizabeth Warren, is in the process of consolidating all of America’s leading gun-culture media outlets and stripping them down to virtual destruction.
Prior to its acquisition by InterMedia, the media brand Petersen’s Hunting, the television arm of which is broadcast by the Sportsman Channel, was housed in a “beautiful” facility in Baxter, Minnesota, overlooking the Mississippi River. The facility had approximately 60 employees, a massive studio, at least nine editing bays and fully-wired machine rooms and was conducting about four studio shoots per year with a full production crew.
That facility now mostly consists of about 12 employees — “basic administrative types,” who “think every day they go into work is going to be their layoff day,” according to an InterMedia employee who spoke on condition of anonymity.
“They have people working out of rental strip malls doing all of their TV production,” the source said.
Employees of the Baxter facility were offered the chance to move to Peoria, Ill., which offers a tax credit to companies who “create” jobs in town, in order to keep their employment.
“That studio in Brainerd was a real staple in that community for years. We used to joke that it was the Microsoft of Brainerd County. Everyone was impressed if you worked there. You made money, you did well, you had this dream life. Then Leo Hindery Jr. bought it and just completely gutted it,” said the employee. “It’s sad. I know a lot of good people in Brainerd who lost their jobs and had their houses foreclosed on.”
Petersen’s Hunting now “has its entire TV production staff working out of call centers” in Peoria, according to the employee.
InterMedia also purchased a company called Barrett Productions in Missoula, Mont., which was previously a thriving and well-respected television production company. The Barrett facility is now “gutted.”
“There’s nothing there but one intern slash production assistant and one administrative type. All the production people are gone. It’s a shell,” according to the employee.
“Now that Hindery has the Outdoor Channel, he’s in a position to consolidate all of the major pro-Second Amendment media titles in this country, strip them down, and destroy them, like venture capitalists do sometimes,” the employee said.
Many Outdoor Channel producers are “scared shitless,” realizing that the careers they built are now in the hands of an Obama donor who is in the process of breaking apart pro-gun media companies.
To set the record straight, comes an eloquent speech written and delivered by Bill Whittle in a video enacted to represent his Virtual State of the Union address as a Virtual President before a captive audience of Congress. Published on YouTube on Feb 21, 2013, in this segment of his Virtual State of the Union, the Virtual President talks about why politicians want to talk about gun control rather than crime control, and delivers the factual evidence and historical truths that make the case for the Second Amendment self-evident. It is well worth the time to view it.
Find more videos like this on Patriot Action Network
But in all honesty, it is impossible to change a liberal mindset by using logic and common sense or even with facts. That is because liberals are basically dishonest liars and hypocrites typified by the likes of Democrat Senator Dianne Feinstein who carried her own concealed weapon for protection while demanding everyone else to give up theirs. While others have demonstrated beyond doubt there is no difference in the firing capabilities between 10-round magazines and 30-round magazines, or the real technical differences between a fully automatic machine gun and a semi-automatic rifle, liberals still prefer to confuse the issue of so-called assault weapons, a term that only applies to the military. So as the gun issue continues to rage across the nightly news media and throughout the halls of government, both state and federal, the leftist mainstream news media refuses to acknowledge the true purpose of the Second Amendment. And the ultimate fact that when the government fears the people we have liberty but when the people fear the government we have tyranny. Or that gun registration is the first step to gun confiscation and that is the way civil war begins. The government knows this and has stockpiled 2-billion rounds of ammo to be prepared. The problem (for them) is, so have we.
My name is Nelson Abdullah and I am Oldironsides.
By: Wim Grommen
In the twenties of the last century the world, and especially the United States, experienced an economical high. As a result of this, share and stock prices rose to unprecedented heights, beyond reasonable values. The underlying economy had decreased in strength without this being reflected on the stock exchange. Investors were euphoric and stock prices were forced up against all economic logic. (1)
In my view the causes for the rise of the Dow Jones to unprecedented highs were the introduction of a new calculation method for the Dow on 1 October 1928, the introduction of the Dow-divisor, the extension of the Dow from 20 to 30 funds on 1 October 1928 and splitting the stock between October 1928 and November 1929 which was the last part of the acceleration phase of the second industrial revolution. These 3 factors caused the Dow to rise exponentially from 238 tot 381 points in de period October 1928 to September 1929, while the underlying economy strongly diminished in strength.
Every production phase, civilization or other human invention goes through a so called transformation process. Transitions are social transformation processes that cover at least one generation. In this article I will use one such transition to demonstrate the position of our present civilization and its possible effect on stock exchange rates.
A transition has the following characteristics(2):
– it involves a structural change of civilization or a complex subsystem of our civilization
– it shows technological, economical, ecological, socio cultural and institutional changes at different levels that influence and enhance each other
– it is the result of slow changes (changes in supplies) and fast dynamics (flows)
A transition process is not fixed from the start because during the transition processes will adapt to the new situation. A transition is not dogmatic.
Four transition phases(3)
In general transitions can be seen to go through the S curve and we can distinguish four phases (see fig. 1):
1. a pre development phase of a dynamic balance in which the present status does not visibly change
2. a take off phase in which the process of change starts because of changes in the system
3. an acceleration phase in which visible structural changes take place through an accumulation of socio cultural, economical, ecological and institutional changes influencing each other; in this phase we see collective learning processes, diffusion and processes of embedding
4. a stabilization phase in which the speed of sociological change slows down and a new dynamic balance is achieved through learning
A product life cycle also goes through an S curve. In that case there is a fifth phase:
5. the degeneration phase in which cost rises because of over capacity and the producer will finally withdraw from the market.
Indications of system transitions
– pre development
– take off
Figure 1: Four phases in a transition best visualized by means of an S curve.
When we look back into the past we see three transitions, also called industrial revolutions, taking place with far-reaching effect (4):
1. The first industrial revolution (1780 until circa 1850); the steam engine
2. The second industrial revolution (1870 until circa 1930); electricity, oil and the car
3. The third industrial revolution (1950 until ….); computer and microprocessor
The Dow Jones Industrial Average (DJIA) index is the oldest shares index in the United States. A select group of journalists of The Wall Street Journal decide which companies are included in the most influential stock exchange index in the world.
Unlike most other indices the Dow is a price average index. This means that shares with a high price have a great influence on the movements of the index.
Calculating stock index values such as the Dow and presenting the index in a historical graphs is a perfect way of indicating which phase an industrial revolution is in.
Indications of system transitions
– pre development
– take off
Figure 2: The two most recent revolutions and the Dow Jones index
Dow Jones-index (graph) was (is) a fata morgana.
In many graphs the y-axis is a fixed unit, such as kg, meter, liter or euro. In the graphs showing the stock exchange values, this also seems to be the case because the unit shows a number of points. However, this is far from true! An index point is not a fixed unit in time and does not have any historical significance.
An index is calculated on the basis of a set of shares. Every index has its own formula and the formula gives the number of points of the index. Unfortunately many people attach a lot of value to these graphs which are, however, very deceptive.
The Dow was first published in 1896. The index was calculated by dividing the sum of the shares by 12:
Dow-index_1896 = (x1 + x2+ ……….+x12) / 12
An index is calculated on the basis of a set of shares. Every index has its own formula and the formula results in the number of points of the index. However, this set of shares changes regularly. It is therefore very strange that different sets of shares are represented by the same unit.
After a period of 25 years the value of the original set of 12 apples is compared to the value of a set of 30 pears. In 1929 only 2 of the original 12 companies of the Dow were still present.
The most remarkable characteristic is of course the constantly changing set of shares. Generally speaking, the companies that are removed from the set are in a stabilization or degeneration phase. Companies in a take off phase or acceleration phase are added to the set. This greatly increases the chance that the index will rise rather than go down. This is obvious, especially when this is done during the acceleration phase of a transition. In 1916 the Dow was extended to 20 companies; 4 companies were taken out and 12 were added.
Dow-index_1916 = (x1 + x2+ ……….+x20) / 20
This way of calculating the index actually creates a kind of pyramid scheme. All goes well as long as companies are added that are in their take off phase or acceleration phase. At the end of a transition there will be fewer companies in those phases.
The shares of a number of companies were split during the years and for those shares a factor was added to the calculation. The formula is as follows (American Can is multiplied by 6, General Electric by 4).
Dow-index_1927 = (6.x1 + 4.x2+ ……….+x20) / 20
Things take a bizarre turn with the changes to the Dow Jones of 1 October 1928.
On 1 October 1928 the Dow Jones is enlarged to 30 shares.
Because all calculations are done by hand, the calculation formula of the index is simplified. The Dow Divisor is introduced. The index is calculated by dividing the sum of the share values using the Dow Divisor.
Because the value on 1 October 1928 must remain the same, the Dow Divisor is set at 16.67. The index graphs of before and after 1 October be a continuous line.
Dow-index_okt_1928 = (x1 + x2+ ……….+x30) / 16.67
On 1 October 1928 the value of the Dow is 239, so the sum of the shares is 3984 dollars. From that moment on an increase (or decrease) of the set of shares results in almost twice as many (or fewer) index points. In the old formula the sum would have been divided by 30.
With every change in the set of shares used to calculate the Dow, the value of the Dow Divisor also changes. This is done because the index which is the result of two different sets of shares at the moment the set is changed must be the same for both sets at that point in time. The same thing happens when shares are split. In the fall of 1928 and spring of 1929 8 shares are split decreasing the Dow Divisor to 10.47.
Dow-index_sept_1929 = (x1 + x2+ ……….+x30) / 10.47
From that moment on a an increase (or decrease) of the set of shares results in almost three times as many (or fewer) index points as a year before. In the old formula the sum would have been divided by 30. The Dow’s highest point is on 3 September 1929 at 381 points.
So the extreme increase followed by an extreme decrease of the Dow in the period 1920 – 1932 was primarily caused by changes to the formula, the constant changes to the set of shares during the acceleration phase of the second industrial revolution and splitting of s`hares during this period. Because of these changes in the Dow investors were wrong footed. The companies whose shares constituted the Dow index at that time also continued into the stabilization and degeneration phase.
Dow Jones Industrial Average
Figure 3 Exchange rates of Dow Jones during the latest two industrial revolutions. During the last few years the rate increases have accelerated enormously.
During the acceleration phase of the third industrial revolution, starting in 1980 with the appearance of the microprocessor, history repeated itself. The set of shares making up the Dow was almost completely replaced. Many shares were split which changed the Dow Divisor considerably. At the moment the Dow Divisor is 0,132319125, whereas this divisor was still more than 1 in 1985.
Dow-index_1985 = (x1 + x2 + ……..+x30) / 1.116
Dow-index_2009 = (x1 + x2 + …….. + x30) / 0,132319125
This explains the exponential rise of the Dow graph in the nineties. A rise in shares of 1 dollar of the set of shares in 2009 actually results in 8.4 more index points than in 1985 (the opposite happens when the shares go down). This explains why we have such extreme movements of the Dow in the previous period. At moment the Dow is at 9665 points, if we were to use the 1985 formula this would be 1150 points. Again investors have been lead onto the wrong path.
The real melt down of the Dow took place after the stock market crash of October 1929. During the period 1930 – 1932 the Dow continued to decrease from 230 to 41 points in the end. The crucial question is of course, whether the current underlying economy is strong enough to keep the Dow at its present level. Will the companies that make up the Dow not continue into the the stabilization and degeneration phase? Will there be enough new companies to act as new carriers of the Dow? And will that happen?
I call on the financial community to have a critical look at the formula used to calculate the Dow. If the present formula is retained, investors will be misguided with every new transition.
The article “Stock market crash 1929, mystery unraveled?”, in dutch “Beurskrach 1929, mysterie ontrafeld?” was published in January 2010 in a monthly magazine “Technische en Kwantitatieve Analyse”, a monthly publication of Beleggers Belangen (Investment Interests) in the Netherlands.
(2) Transities & transitiemanagement, casus van een emissiearme
energievoorziening, Prof. dr. ir. Jan Rotmans e.a. .
(3) Transities & transitiemanagement, casus van een emissiearme
energievoorziening, Prof. dr. ir. Jan Rotmans e.a. .
(4) Geschiedenis Werkplaatssite van Wolters-Noordhoff
By: Trevor Loudon
The man many have picked to be the next Pope is set to share a platform with a representative of one of America’s most radical left “think tanks.”
Cardinal Peter Turkson of Ghana, radical actor/activist Martin Sheen and Emira Woods of – the Washington DC based Institute for Policy Studies, are all invited guest speakers at the leftist Africa Faith And Justice’s 30th Anniversary, March 1, 2013 through March 3, 2013, University of Notre Dame, South Bend, Indiana.
IPS, active since the 1960s, has infiltrated every Democratic Administration since Jimmy Carter. President Barack Obama was a trustee of an IPS “partner” organization, Demos, as was his communist “Green Jobs Czar” Van Jones. Both outgoing US Secretary of defense Leon Panetta and incoming Sec. Chuck Hagel also have IPS ties.
IPS was once notorious for its ties to the Soviet KGB and Castro’s intelligence services. The organization has been a major player in moving America leftward, for almost 50 years now.
Any Papal candidate who would even consider sharing a platform with an IPS representative, should be viewed with grave suspicion.
Portrayed as a conservative by some, for his controversial linking of homosexuality and pedophilia, Cardinal Turkson is, on wealth re-distribution issues at least, a man of the Left.
For example, in response to the global economic crisis of 2008, Cardinal Turkson put forward a proposal to reform the international financial system by creating a “Global Public Authority” and a Global Bank that “consider the interests of all developing countries.”
In 2008, Americans voted with their hearts, for their first black president and got a red one instead.
The Catholic College of Cardinals need to weigh their votes for the next Pope very carefully. If they vote with their hearts, rather than their heads, the next Pope may end up doing to the Catholic Church what Barack Obama has done to America.
That would be a disaster for all of us. Catholic and non-Catholic alike.
By: Trevor Loudon
I’m hearing that Massachusetts freshman Senator Elizabeth Warren will probably run for President of the United States in 2016.
Whether she does or not, Warren needs to be exposed for the radical loving socialist that she is.
Once a Republican, Elizabeth Warren has moved steadily leftward over the years.
Alarmingly, she has close ties to Demos, a New York based think tank, which works closely with remnants of ACORN, the Marxists of Democratic Socialists of America and is an official “partner” organization to Washington DC’s ultra-left Institute for Policy Studies.
On Tuesday, May 11th, 2010, Demos honored then TARP Oversight Committee Chair Elizabeth Warren, at its 10th anniversary celebration in New York City.
Warren’s daughter Amelia Warren Tyagi, has served on and chaired the Demos board. Other prominent Demos board members have included in 1999-2000, Barack Obama, and later Obama’s communist “Green Jobs Czar” Van Jones.
Elizabeth Warren appeared in an AFL-CIO sponsored “National Teach-In,” October 12, 2011, with two leading members of Democratic Socialists of America.
The AFL-CIO urged activists to join “Elizabeth Warren, Frances Fox Piven, Barbara Ehrenreich (invited) and student activists for a national teach-in on the jobs crisis and student activists’ fight for worker’s rights, equal access to education, fair taxation, and economic and social justice.”
Frances Fox Piven was of course half of the husband and wife team which originated the infamous Cloward-Piven Strategy back in the 1960s. This was a deliberate program to bankrupt state governments, by purposely overloading welfare rolls until the system collapsed, so that socialism would become inevitable.
Barbara Ehrenreich is a lifelong Marxist, who served in 2006-2007, alongside former Weather Underground terrorist leaders Bill Ayers, Bernardine Dohrn, Jeff Jones and Mark Rudd, as leaders of Movement for a Democratic Society.
In 2008, Barbara Ehrenreich and other MDS leaders went on to form Progressives for Obama.
In 2012, Elizabeth Warren was one of 14 far left Democrats endorsed and supported in that election cycle by Progressive Democrats of America.
A front for Democratic Socialists of America and the Institute for Policy Studies, PDA backs only the left of the left.
Elizabeth Warren is their gal – not yours.
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