What happened to all of the doom and gloom economic threads?

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For most people solar isn't cost effective because they don't use enough to justify the capital costs. Office buildings are different and have enough surface area to recoup the initial costs, especially in new construction. You are already seeing canister wind generators being installed, and water collection systems are widely in use to reduce water costs. The next step in the LEED specifications is to incorporate solar in the building design.

As commercial properties drive demand, the technology will be scaled back for residential use.

It's cost-effective now if you lease.
 
As solar tech develops (which costs money), you will see exterior coatings on buildings that generate electricity. Roofing and siding will be photo-voltaic. Asphalt shingles will be replaced with flexible solar systems. As the tech develops, cost will come down.

First office buildings will be energy independent from the grid, and then houses.

The limitation right now, is that it's hard to store electricity.

yes

doesn't negate

OIL

IS RE-NEWABLE
 
Crayola boy must be really, really wealthy. He knows so much about finance, investments, and just about anything that has to do with money and the economy.

I bet he also moonlight's as an English professor.
 


http://www.usdebtclock.org/


(an excerpt)

by James Montier

...It is worth spending a few moments considering what has led us to arrive at this opportunity set. I think that it is a direct result of the policies being followed by central banks, especially the U.S. Federal Reserve. It has been uncharacteristically clear about the way Quantitative Easing (QE) “works.” Brian Sack of the New York Fed writes:

A primary channel through which this effect takes place is by narrowing the risk premiums on the assets being purchased. By purchasing a particular asset, the Fed reduces the amount of the security that the private sector holds, displacing some investors and reducing the holdings of others. In order for investors to be willing to make those adjustments, the expected return on the security has to fall. Put differently, the purchases bid up the price of the asset and hence lower its yield. These effects would be expected to spill over into other assets that are similar in nature, to the extent that investors are willing to substitute between the assets. These patterns describe what researchers often refer to as the portfolio balance channel. [Emphasis added.]

Put another way, QE sets the short-term rate to zero, and then tries to persuade everyone to spend rather than save by driving down the rates of return on all other assets (by direct purchase and indirect effects) towards zero, until there is nothing left to hold savings in. Essentially, Bernanke’s first commandment to investors goes something like this: Go forth and speculate. I don’t care what you do as long as you do something irresponsible.

Not all of Bernanke’s predecessors would have necessarily shared his enthusiasm for recklessness. William McChesney Martin was the longest-serving Federal Reserve Governor of all time. He seriously considered training as a Presbyterian minister before deciding that his vocation lay elsewhere, a trait that earned him the beautifully oxymoronic moniker of “the happy puritan.” He is probably most famous for his observation that the central bank’s role was to “take away the punch bowl just when the party is getting started.” In contrast, Bernanke’s Fed is acting like teenage boys on prom night: spiking the punch, handing out free drinks, hoping to get lucky, and encouraging everyone to view the market through beer goggles.

So why is the Fed pursuing this policy? The answer, I think, is that the Fed is worried about the “initial condition” or starting point (if you prefer) of the economy, a position of over-indebtedness. When one starts from this position there are really only four ways out:

i. Growth is obviously the most “popular” but hardest route.
ii. Austerity is pretty much doomed to failure as it tends to lead to falling tax revenues, wider deficits, and public unrest.
iii. Abrogation runs the spectrum from default (entirely at the borrower’s discretion) to restructuring (a combination of borrower and lender) right out to the oft-forgotten forgiveness (entirely at the lender’s discretion).
iv. Inflation erodes the real value of the debt and transfers wealth from savers to borrowers. Inflating away debt can be delivered by two different routes: (a) sudden bursts of inflation, which catch participants off guard, or (b) financial repression.


Financial repression can be defined (somewhat loosely, admittedly) as a policy that results in consistent negative real interest rates. Keynes poetically called this the “euthanasia of the rentier.” The tools available to engineer this outcome are many and varied, ranging from explicit (or implicit) caps on interest rates to directed lending to the government by captive domestic audiences (think the postal saving system in Japan over the last two decades) to capital controls (favoured by emerging markets in days gone by)...




 
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World’s 100 richest earned enough in 2012 to end global poverty 4 times over

January 20, 2013

The world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich.

“The richest 1 percent has increased its income by 60 percent in the last 20 years with the financial crisis accelerating rather than slowing the process,” while the income of the top 0.01 percent has seen even greater growth, a new Oxfam report said.

For example, the luxury goods market has seen double-digit growth every year since the crisis hit, the report stated. And while the world’s 100 richest people earned $240 billion last year, people in “extreme poverty” lived on less than $1.25 a day.

Oxfam is a leading international philanthropy organization. Its new report, ‘The Cost of Inequality: How Wealth and Income Extremes Hurt us All,’ argues that the extreme concentration of wealth actually hinders the world’s ability to reduce poverty.

The report was published before the World Economic Forum in Davos next week, and calls on world leaders to “end extreme wealth by 2025, and reverse the rapid increase in inequality seen in the majority of countries in the last 20 years.”

Oxfam’s report argues that extreme wealth is unethical, economically inefficient, politically corrosive, socially divisive and environmentally destructive.

The problem is a global one, Oxfam said: “In the UK inequality is rapidly returning to levels not seen since the time of Charles Dickens. In China the top 10 percent now take home nearly 60 percent of the income. Chinese inequality levels are now similar to those in South Africa, which is now the most unequal country on Earth and significantly more [inequality] than at the end of apartheid.”

In the US, the richest 1 percent’s share of income has doubled since 1980 from 10 to 20 percent, according to the report. For the top 0.01 percent, their share of national income quadrupled, reaching levels never seen before.

“We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true,” Executive Director of Oxfam International Jeremy Hobbs said.

Hobbs explained that concentration of wealth in the hands of the top few minimizes economic activity, making it harder for others to participate: “From tax havens to weak employment laws, the richest benefit from a global economic system which is rigged in their favor.”

The report highlights that even politics has become controlled by the super-wealthy, which leads to policies “benefitting the richest few and not the poor majority, even in democracies.”

The report proposes a new global deal to world leaders to curb extreme poverty to 1990s levels by:

- closing tax havens, yielding $189bn in additional tax revenues

- reversing regressive forms of taxation

- introducing a global minimum corporation tax rate

- boosting wages proportional to capital returns

- increasing investment in free public services

“It is time our leaders reformed the system so that it works in the interests of the whole of humanity rather than a global elite,” the report said.

The four-day World Economic Forum will be held in Davos starting next Wednesday. World financial leaders will gather for an annual meeting that will focus on reviving the global economy, the eurozone crisis and the conflicts in Syria and Mali.


http://rt.com/news/oxfam-report-global-inequality-357/
 
The DEATH PANEL awakes




Do penalties for smokers and the obese make sense?

By MIKE STOBBE
AP Medical Writer



NEW YORK (AP) -- Faced with the high cost of caring for smokers and overeaters, experts say society must grapple with a blunt question: Instead of trying to penalize them and change their ways, why not just let these health sinners die prematurely from their unhealthy habits?

Annual health care costs are roughly $96 billion for smokers and $147 billion for the obese, the government says. These costs accompany sometimes heroic attempts to prolong lives, including surgery, chemotherapy and other measures.

But despite these rescue attempts, smokers tend to die 10 years earlier on average, and the obese die five to 12 years prematurely, according to various researchers' estimates.

And attempts to curb smoking and unhealthy eating frequently lead to backlash: Witness the current legal tussle over New York City's first-of-its-kind limits on the size of sugary beverages and the vicious fight last year in California over a ballot proposal to add a $1-per-pack cigarette tax, which was ultimately defeated.

"This is my life. I should be able to do what I want," said Sebastian Lopez, a college student from Queens, speaking last September when the New York City Board of Health approved the soda size rules.

Critics also contend that tobacco- and calorie-control measures place a disproportionately heavy burden on poor people. That's because they:

-Smoke more than the rich, and have higher obesity rates.

-Have less money so sales taxes hit them harder. One study last year found poor, nicotine-dependent smokers in New York - a state with very high cigarette taxes - spent as much as a quarter of their entire income on smokes.

-Are less likely to have a car to shop elsewhere if the corner bodega or convenience store stops stocking their vices.

Critics call these approaches unfair, and believe they have only a marginal effect. "Ultimately these things are weak tea," said Dr. Scott Gottlieb, a physician and fellow at the right-of-center think tank, the American Enterprise Institute.

Gottlieb's view is debatable. There are plenty of public health researchers that can show smoking control measures have brought down smoking rates and who will argue that smoking taxes are not regressive so long as money is earmarked for programs that help poor people quit smoking.

And debate they will. There always seems to be a fight whenever this kind of public health legislation comes up. And it's a fight that can go in all sorts of directions. For example, some studies even suggest that because smokers and obese people die sooner, they may actually cost society less than healthy people who live much longer and develop chronic conditions like Alzheimer's disease.

So let's return to the original question: Why provoke a backlash? If 1 in 5 U.S. adults smoke, and 1 in 3 are obese, why not just get off their backs and let them go on with their (probably shortened) lives?

Because it's not just about them, say some health economists, bioethicists and public health researchers.

"Your freedom is likely to be someone else's harm," said Daniel Callahan, senior research scholar at a bioethics think-tank, the Hastings Center.

Smoking has the most obvious impact. Studies have increasingly shown harm to nonsmokers who are unlucky enough to work or live around heavy smokers. And several studies have shown heart attacks and asthma attack rates fell in counties or cities that adopted big smoking bans.

"When you ban smoking in public places, you're protecting everyone's health, including and especially the nonsmoker," said S. Jay Olshansky, a professor at the University of Illinois-Chicago's School of Public Health.

It can be harder to make the same argument about soda-size restrictions or other legislative attempts to discourage excessive calorie consumption, Olshansky added.

"When you eat yourself to death, you're pretty much just harming yourself," he said.

But that viewpoint doesn't factor in the burden to everyone else of paying for the diabetes care, heart surgeries and other medical expenses incurred by obese people, noted John Cawley, a health economist at Cornell University.

"If I'm obese, the health care costs are not totally borne by me. They're borne by other people in my health insurance plan and - when I'm older - by Medicare," Cawley said.

From an economist's perspective, there would be less reason to grouse about unhealthy behaviors by smokers, obese people, motorcycle riders who eschew helmets and other health sinners if they agreed to pay the financial price for their choices.

That's the rationale for a provision in the Affordable Care Act - "Obamacare" to its detractors - that starting next year allows health insurers to charge smokers buying individual policies up to 50 percent higher premiums. A 60-year-old could wind up paying nearly $5,100 on top of premiums.

The new law doesn't allow insurers to charge more for people who are overweight, however.

It's tricky to play the insurance game with overweight people, because science is still sorting things out. While obesity is clearly linked with serious health problems and early death, the evidence is not as clear about people who are just overweight.

That said, public health officials shouldn't shy away from tough anti-obesity efforts, said Callahan, the bioethicist. Callahan caused a public stir this week with a paper that called for a more aggressive public health campaign that tries to shame and stigmatize overeaters the way past public health campaigns have shamed and stigmatized smokers.

National obesity rates are essentially static, and public health campaigns that gently try to educate people about the benefits of exercise and healthy eating just aren't working, Callahan argued. We need to get obese people to change their behavior. If they are angry or hurt by it, so be it, he said.

"Emotions are what really count in this world," he said.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.
 
Obama Continues to Violate His Own ‘Stimulus’ Law by Not Releasing Quarterly Reports


10:41 AM, Jan 26, 2013 • By JEFFREY H. ANDERSON




Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately? In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved. Even in Washington, that’s not considered good bang for the buck.

Obama salutes


Moreover, that was the fifth consecutive “stimulus” report that showed this number getting progressively worse.

Alas, that was the last report we’ve seen. Never mind that Section 1513 of the “stimulus” legislation, which Obama spearheaded and signed into law, requires the executive branch to submit a new report every three months. It reads:

“In consultation with the Director of the Office of Management and Budget and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators.”

(The head of the Council of Economic Advisors, currently Alan Krueger, is appointed by the president, confirmed by the Senate, and works in the Executive Office of the President. He is the president’s chief economic adviser.)
 
HE HATH SET ME FREE!









































its after sundown, DUMMY

wazza matter, your sundial aint workin:cool:

Izzy on unemployment?
 
Hey you PUTRID TRASH, CURRY

Since you are on iggy, with the other trash, and I cant see your threads

lemme AXE you

GIVE TEH NIGGER CREDIT FOR WHAT?



Fears grow that Libya is incubator of turmoil

By MAGGIE MICHAEL
Associated Press




AP Photo
AP Photo/Abdel Magid Al Fergany



World Video


















Interactive

Inside Libya


Interactives

Fears grow that Libya is incubator of turmoil
Dutch, Britons, Germans warned to leave Benghazi



Libya's upheaval the past two years helped lead to the ongoing conflict in Mali, and now Mali's war threatens to wash back and further hike Libya's instability. Fears are growing that post-Moammar Gadhafi Libya is becoming an incubator of turmoil, with an overflow of weapons and Islamic jihadi militants operating freely, ready for battlefields at home or abroad.

The possibility of a Mali backlash was underlined the past week when several European governments evacuated their citizens from Libya's second largest city, Benghazi, fearing attacks in retaliation for the French-led military assault against al-Qaida-linked extremists in northern Mali.

More worrisome is the possibility that Islamic militants inspired by - or linked to - al-Qaida can establish a strong enough foothold in Libya to spread instability across a swath of North Africa where long, porous desert borders have little meaning, governments are weak, and tribal and ethnic networks stretch from country to country. The Associated Press examined the dangers in recent interviews with officials, tribal leaders and jihadis in various parts of Libya.

Already, Libya's turmoil echoes around the region and in the Middle East. The large numbers of weapons brought into Libya or seized from government caches during the 2011 civil war against Gadhafi are now smuggled freely to Mali, Egypt and its Sinai Peninsula, the Hamas-ruled Gaza Strip and to rebels fighting Syrian President Bashar Assad. Jihadis in Libya are believed to have operational links with fellow militant groups in the same swath, Libyan fighters have joined rebels in Syria and are believed to operate in other countries as well.

Libyan officials, activists and experts are increasingly raising alarm over how Islamic militants have taken advantage of the oil-rich country's weakness to grow in strength. During his more than four-decade rule Gadhafi stripped the country of national institutions, and after his fall the central government has little authority beyond the capital, Tripoli. Militias established to fight Gadhafi remain dominant, and tribes and regions are sharply divided.

In the eastern city of Benghazi, birthplace of the revolt that led to the ouster and killing of Gadhafi, militias espousing an al-Qaida ideology and including veteran fighters are prevalent, even ostensibly serving as security forces on behalf of the government since the police and military are so weak and poorly armed. One such militia, Ansar al-Shariah, is believed to have been behind the Sept. 11 attack on the U.S. Consulate in the city that killed four Americans, including the ambassador. Since then, militants have been blamed for a wave of assassinations of security officers and government officials.

Earlier this month, former Libyan leader Mustafa Abdul-Jalil warned the militant threat extends to efforts to establish a state that can enforce rule of law.

"Libya will not see stability except by facing them," he told a gathering videotaped by activists and aired on Libyan TV. "It is time to either hold dialogue or confront them." He listed 30 officials and police officers assassinated in Benghazi the past year.

The Mali drama illustrates how the threat bounces back and forth across the borders drawn in the Sahel, the region stretching across the Sahara Desert. Libya and Mali are separated by Algeria, but the two countries had deep ties under Gadhafi. Thousands of Tuaregs moved from Mali to Libya beginning in the 1970s, and many joined special divisions of Gadhafi's military where they earned higher salaries than they would have at home.

As Gadhafi was falling in 2011, thousands of heavily armed Tuareg fighters in southern Libya fled to northern Mali. The Tuareg are an indigenous ethnic group living throughout the Sahel, from Mali to Chad and into Libya and Algeria.

The fighters, led by commander Mohammed Ag Najem, broke the Mali government's hold over the north and declared their long-held dream of a Tuareg homeland, Azawad. But they in turn were defeated by Islamic militants, some linked to al-Qaida's branch in North Africa, who took over the territory and imposed rule under an extreme version of Shariah, or Islamic law. This month, as militants moved south, France launched its military intervention to rescue the Mali government, conducting airstrikes against militants.

In retaliation, militants seized an oil complex in eastern Algeria, prompting a siege by Algerian forces that killed dozens of Western hostages and militants.

The militant group that carried out the Algeria hostage taking, in turn, had help from Libyan extremists in the form of smuggled weapons and "organizational ties," the group's leader, Moktar Belmoktar said.

"Their ideological and organizational connection to us is not an accusation against a Muslim but a source of pride and honor to us and to them," Belmoktar, the one-eyed Algerian founder of the Masked Brigade, said of the Libyans in an interview with The Mauritanian newspaper in mid-December. "Jihadists in al-Qaida and in general were the biggest beneficiaries of the Arab world uprisings, because these uprisings have broken the chains of fear ... that the agent regimes of the West imposed."

He urged Libyan militants not to submit to calls by the Tripoli government to hand over their weapons, saying their arms are "the source of their dignity and their guarantee of security."

With pressure building on Mali's Islamists, Libya provides a possible alternative haven for jihadis, said Scott Stewart of the global intelligence group Stratfor.

"It is a very good place to operate if you are an extremist," he said. "There are fault lines and divisions ... The central government has very little authority outside Tripoli. This is very conducive environment for Jihad to thrive."

They already have a free rein in Benghazi.

"Libya became a heaven for them," Col. Salah Bouhalqa, a leading military commander in Benghazi, said of al-Qaida. "The Westerners are fearful that what happened in Algeria will take place in Libya. And here, just like Mali and Egypt and Iraq, these groups have extensions."

Some extremists say they are determined to shape the new Libya. Youssef Jihani, a member of Ansar Shariah in Benghazi, vowed that he and other jihadis would not accept a return to the days when they were jailed and executed under Gadhafi's rule. He told the AP in Benghazi late last year that the toppling of Gadhafi would not have been possible without the strength of jihadi fighters who he said joined the uprising to ensure an "Islamic state of Libya, where Shariah rule is implemented."

The bearded young man said he lay down his weapons last year. But he said he would take arms up again if Libya's next constitution doesn't make a clear reference to rule by Islamic law or if secular politicians hold power and try to rein in jihadis.

Jihani proudly said he believes in al-Qaida and supports its slain leader Osama bin Laden and Afghan Taliban leader Mullah Omar. He said that during Libya's civil war in 2011, he killed a captured soldier from Gadhafi's army after discovering 11 video clips on his mobile phone showing soldiers raping women and men. Jihani said he ordered the soldier to dig his own grave, then severed his head with a knife.

"I wish I could behead him 11 times," he said. His story could not be independently confirmed.

Stewart, of Stratfor, also pointed to a concern that al-Qaida could make inroads among Libya's impoverished and alienated Tuareg.

Living in mud-brick slums or camps in the deserts of southwestern Libya, most Tuaregs were never given citizenship under Gadhafi's rule, though he used their fighters as mercenaries, and now they suffer not only from poverty but from the disdain of Libyans who see them as Gadhafi loyalists.

For centuries, Tuareg ran caravan routes across the Sahara, carrying gold and other valuables. Now they're known for smuggling weapons and drugs. In slums around the towns of Sabha and Owbari, they sleep next to livestock in shacks with corrugated metal roofs, with webs of electric cables dangling from poles overhead and garbage-filled streets.

Libya's new leadership has largely shunned them. The Tuareg's four members in parliament were removed because of ties to Gadhafi's regime, leaving them without a political voice. The Tuareg contend they were exploited by Gadhafi, along with all other Libyans.

"Gadhafi's rule left behind a breeding ground for terrorism by depriving people of their rights and education .... After all the promises, we thought we will live in heaven, but kids here die from scorpion bites," said Suleiman Naaim, a Tuareg rights activist, told the AP in Owbari.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.
 
Oh. I didn't think you people were allowed on the interwebs on the sabbath.

Maybe that's the Amish I'm thinking of.



...it's after sundown? So the 6:45 means at night, not in the morning. good to know.
 
I may UNIGGY your PUTRID TRASH ASS in a few weeks



and if you

RE NIGGERIZE yourself, you will lose forever the ONE WORTHY DEBATE partner you had

and will be on iggy forever like NIGGER POOP
 
Obama Continues to Violate His Own ‘Stimulus’ Law by Not Releasing Quarterly Reports


10.)

LAWLESS THUG!

Obama Continues To Violate Stimulus Law By Not Filing Quarterly Reports





Is it possible the reason he hasn’t filed any reports since 2011 is because things aren’t going very well for the “stimulus”? Perish the thought!
 
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