Taleb Says Fed Doesn’t Understand Risks of Quantitative Easing
Hat Tip: Brian B.
Hat Tip: Brian B.
Hat Tip: Brian B.
Hat Tip: Jean Stoner
NetRight Daily
By: T F Stern
T F Stern’s Rantings
Awards mean absolutely nothing anymore; Motor Trend’s car of the year award went to the Chevy Volt. It’s hard to figure the litmus test for excellence. Was it the entry level price tag of $41K or its forty miles of service from batteries? Maybe the Volt’s 300 mile range sealed the deal, the first 40 green miles, Blue Birds chirping in the soft morning light via its technically advanced battery, while the rest is provided by a minimally acceptable gasoline powered engine?
“We expected a science experiment, but this is a moon shot,” Motor Trend editors wrote:
“The Volt delivers on the promise of the vehicle concept as originally outlined by GM, combining the smooth, silent, efficient, low-emissions capability of an electric motor with the range and flexibility of an internal combustion engine. It is a fully functional, no-compromise compact automobile that offers consumers real benefits in terms of lower running costs.”
Some folks have classified the Volt as an electric car. But if that’s the case how did they go the other 260 miles? The answer: smoke and mirrors! How did Motor Trend editors come to the conclusion that this car benefits the consumer with lower running costs? The average consumer could purchase 3 Ford Focus cars, VW Jettas or similarly sized vehicles fully equipped for the price of just one Chevy Volt. Lower running costs my Aunt Tilly! Maybe Chevy should have called it the Crock; at least it would have been truth in advertising.
It wasn’t long ago the Nobel Prize was awarded to Obama for his…; pardon me while I try to find something worthwhile Obama actually accomplished… Well, he must have accomplished something or he wouldn’t have won the award.
“We expected a community activist, but we got a messiah.”
This article has been cross-posted to The Moral Liberal, a publication whose banner reads, “Defending The Judeo-Christian Ethic, Limited Government & The American Constitution.”
Hat Tip: Brian B.
Hat Tip: Nancy Jacques
Lawmaker blasts ‘big brother’ TSA
Dem Sen: Pat downs are just ‘love pats’
Leader of TSA offers pat downs to senators
TSA Hit With Lawsuits As Revolt Explodes
WHAT HAPPENS IF YOU ‘OPT OUT’?
‘State-sponsored sexual harassment’
DA in CA vows to prosecute overly touchy pat downs
PAPER: Big Sister’s police state
TSA, Pilots in Talks About Biometric System For Airport Screening
VIDEO: Taiwanese animators take on TSA
Senate Bill S 510 Food Safety Modernization Act vote imminent: Would outlaw gardening and saving seeds (Hat Tip: Brian B.)
Action Alert – It’s Back! H.R. 3808 Interstate Recognition of Notarization Act of 2010 (Hat Tip: Jean Stoner)
U.S. Consumers Ditching Cable TV In Droves (Hat Tip: Jean Stoner)
IMF’s Bancor Last Man Standing?
Chinese Statists = American Ones?
GM Boosts IPO Size to Reduce US Government Stake (Hat Tip: Brian B.)
Senate targets fresh veggies (Hat Tip: Brian B.)
Roche takes knife to costs, slashes 4,800 jobs (Hat Tip: Nancy Jacques)
Reid to scrap test vote on natural gas bill, sees chance to move later this year
Not Made in America Prevails as Fed’s `Cheap Money’ Finds Its Way Overseas
GOP gains upper hand on spending
Shocking Hype On ‘All-Electric’ Volt, Spurious Spawn Of State Capitalism (Hat Tip: Nancy Jacques)
Euro Zone Anger at Germany Boils Over (Hat Tip: Brian B.)
Global Panics Just Not What They Used to Be
16 Reasons Why California Is The Next Greece
The 14 Craziest Foods In China’s Red-Hot CPI
Here Are The Banks That Will Get Whacked In An Ireland Collapse
EU Officials Says Ireland Is In Talks To Accept A DOUBLE Bailout
If You Read Wal-Mart’s Earnings, You Know The Real Reason The Market Is Tanking
This Is The Horrifying Budget Report That Caused Everyone To Freak Out About California
The Greek Bailout Crackup Is Here, As Austria Refuses Payments
CONNECTION BETWEEN TIMOTHY GEITHNER AND GEORGE SOROS* (Hat Tip: Jean Stoner)
Call your Senator re. ‘Paycheck Fairness Act’ (Hat Tip: Jean Stoner)
How To Control Congress (Hat Tip: Jean Stoner)
Krugman Endorses Death Panels (Hat Tip: Jean Stoner)
Labor to push for China currency bill during lame-duck session (Hat Tip: Jean Stoner)
Dude, where’s my Obamacare waiver? (Hat Tip: Brian B.)
Fed May Hesitate on More Easing After Critics Question Mandate
Home Ownership Gets Tougher on Restricted FHA Mortgages
U.S. Deficit Plan Misses the One Big Gap: Roger Lowenstein
Rivlin Proposes 6.5% National Sales Tax as Part of Deficit-Reduction Plan
Fed’s Rosengren Says Inaction Risked `Worsening Pain’
Top Republicans Express `Deep Concerns’ in Letter to Bernanke
Banks in EU May Be Exempted From Basel Leverage Ratio
Billionaire Soros wins CIC Globalist of the Year award (Barph) (Hat Tip: Jean Stoner)
Hamtramck seeks state permission to file for bankruptcy (it begins) (Hat Tip: Jean Stoner)
Turn Issa Loose (Hat Tip: Jean Stoner)
Baptism Of Eire (Hat Tip: Jean Stoner)
Angry Mob Of Workers Beat Their Boss To Death With Iron Rods To Protest Layoffs (Hat Tip: Jean Stoner)
Senate Democrats swim against anti-earmark tide (Hat Tip: Nancy Jacques)
Our Cities Face a Deepening Fiscal Crisis (NYC, San Francisco, Chicago, L.A, all vulnerable) (Hat Tip: Jean Stoner)
Morning Bell: Who Should Control Your Health Care, You Or The Government?
Federal Paychecks Are Outsized
GAO: Public Debt Will Surpass WWII Highs Within 10 Years
Allen West On Whether Congress Should Be Looking At Defense Spending Cuts: ‘I Think You Have To’
Communist Party USA Boasts Working Relationship with AFL-CIO’s Richard Trumka in Elections Analysis (Hat Tip: Jean Stoner)
Why the Irish Crisis is Going Global (Hat Tip: Jean Stoner)
Eric Rosengren defends Fed policy, raises recovery concerns (Hat Tip: Jean Stoner)
Jobless benefits cost so far: $319 billion (Hat Tip: Jean Stoner)
Boehner Challenges Constitutionality of Health Reform Law (Hat Tip: Brian B.)
CMS head Donald Berwick faces congressional hot seat (Commiecare™ redistribution czar on right now) (Hat Tip: Jean Stoner)
Corker, Pence: It’s time to limit the Fed (Hat Tip: Jean Stoner)
The History of Health Tyranny: Codex Alimentarius, part 1 (Hat Tip: Brian B.)
Like Hell There’s No Inflation (An ordinary American weighs in on today’s CPI). (Hat Tip: Jean Stoner)
U.S. Sets Up 50 Criminal Bank Probes
Sweet drinks, national sales tax targeted to cut deficit
Members of Congress get richer despite sour economy
Charges ex-DHS chief Chertoff got ‘sweetheart deal’ selling naked scanners to TSA
Efforts to Extend ‘Tax Cuts’ Falter as Talks Are Delayed
AMERICANS HAVE COLLECTED $319 BILLION IN JOBLESS BENEFITS OVER PAST 3 YEARS
Study: Americans fleeing high-tax, union-dominated states
Bernanke’s ‘Cheap Money’ Spurs Investment Outside USA
Euro zone seems at a loss to stop the rot
THE BIG BET: Upsized GM IPO could be biggest deal ever
Soros: China has better government than America
PODESTA: Obama should ‘push the country to a better place’
Reporter tossed from $ecret Dem fundraising conference
Berlusconi rating at new low as govt crisis worsens
Murdoch Warns Of China Economic Prowess
Police pepperspray CA students protesting tuition hikes
Debt collectors now using FACEBOOK to harass people who owe
Facial recognition vending machines; High-tech device recommends beverages
Soros & Chertoff Make a Killing On Controversial TSA Scanners
Stop the illegal alien student bailout: DREAM Act target list; Plus: Sen. Sessions’ critical alert
Lame-duck session alert: Food police, feminism run amok & enviro-handouts on Senate floor today
Motor Trend ‘Car of the Year’: Chevy Volt (Congratulations, Taxpayers!)
Coincidence? Soros Apparently Sells Off All Shares of TSA Scanner Company
Guess Who Showed Up to a Closed-Door Dem Funding Mtg in D.C.
Paper nor Plastic: L.A. County Bans Plastic Bags, Adds Surcharge to Paper Ones
Wild Security Video: Robbers Storm CA Jewelry Store With Axes & Hammers
Gary Shilling Sees `Significant’ Stock Selloff Within 12 Months
From Dr. Gary North’s e-newsletter: “There is a cartoon video all over the Web that discusses “quantitative easing.” It is a riot. This is very, very bad for Bernanke. When the public starts laughing at a senior government bureaucrat, he is in trouble.”
Nassim Taleb Says Fed Doesn’t Understand Risks of Quantitative Easing
Stocks Finish Mixed As Dollar Gains
Retail Sales Rise Is Led By Higher Auto Purchases
Credit Card Writedowns Continue Decline In October
The Worth of Gold and Silver During Crisis
BofA is in Deep Trouble, and There May be Financial Disaster on the Horizon
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte