Entries Tagged as ''

CRB and Amelia

After todays jump in the CRB, which measures a basket of commodity prices, we are within a few points of the all time high set in the early 1980’s. Gold was then over $500 USD per ounce. Gold is at least $65 USD under priced at $435.

Jim Puplava in his Financial Sense Online, today looks ahead to Greenspan’s and the Fed’s next actions in the financial markets. Don’t miss it!

Mover Mike

Here’s a reminder. Cascade Aids Project

I blogged here and here about a Portland band called Amelia. Amelia’s next gig is a benefit for the Cascade Aids Project on March 3rd at the Weiden and Kennedy building in the Pearl District. It is free and Amelia plays from 7:30 to 9:30. Here is a way to hear an excellent band for free AND help a worthy cause with your contributions. See you there.

Mover Mike

USA NEXT and AARP

Yesterday I posted here about USA Next and how it is working against some of the AARP positions. From NRO

USA Next is taking its anti-AARP campaign to the next level. Here are some of their points, from a memo released today:

– AARP has never worked to eliminate the double tax on Social Security
benefits

– AARP has regularly opposed eliminating the death tax and cuts in the
capital gains tax

– AARP opposed the marriage amendment in Ohio last year

– AARP has supported gun control measures such as the Brady Bill

IMO, the first two points are legimate issues and AARP is on the wrong side. I don’t know if #3 is a legimate issue for AARP, and I am unconvinced on the merits of the Brady Bill.

Mover Mike

Captain Ed in North Korea To Return To The Bargaining Table

So once again the grown-ups at the Bush White House have won another round of diplomacy where the Democrats wouldn’t have had the nerve to play. It’s yet another reason why we’re better off with Bush serving a second term than having John Kerry bringing back Madeline Albright for an encore.

Hear, Hear!

Mover Mike

Croooow Blog
“You, me, the media and the blogosphere. With some ranting and raving on the side.” says goodbye today. You will be missed!

Mover Mike

I get emails from Bullguard, a spyware company, and this little puzzle took up a lot of my time one day:

Check out this link from BullGuard Curiosities

Mover Mike

WOW!! $899.00 Syntax Launches 26″ Olevia LT26HVE LCD HDTV

Mover Mike

Academy Awards-My Picks

Mover Mike’s Oscar Predictions
I picked most of the majors, but it wasn’t my night!
Best Picture
Million Dollar Baby
Best Actor
Jamie Foxx (Ray)
Best Actress
Hillary Swank (Million Dollar Baby)
Best Supporting Actor
Morgan Freeman (Million Dollar Baby)
Best Supporting Actress
Winner: Cate Blanchett (The Aviator)
I said Natalie Portman (Closer)
Best Director
Winner:Clint Eastwood (Million Dollar Baby)
I said Martin Scorsese (The Aviator)
Screenplay – Original
Winner: Charlie Kaufman (Eternal Sunshine of the Spotless Mind)
I said John Logan (The Aviator)
Screenplay – Adapted
Winner: Alexander Payne, Jim Taylor (Sideways)
I said Paul Haggis (Million Dollar Baby)
Animated Feature
The Incredibles
Animated Short
Winner : Ryan
I said Gopher Broke
Foreign Language Film
Winner: The Sea Inside
I said The Chorus
Documentary Feature
Winner: Born into Brothels
I said Super Size Me
Documentary Short
Winner: Mighty Times: The Children’s March
I said The Children of Leningradsky
Art Direction
The Aviator
Visual F/X
Spidy 2
Costumes
Look for The Aviator
Makeup
Winner: Lemony Snicket’s
I said The Passion of the Christ
Editing
Winner: The Aviator
Million Dollar Baby
Cinematography
Winner: The Aviator
The House of Flying Daggers
Sound Mixing
Ray will pick this one up.
Sound Editing
Winner: The Incredibles
I said Spiderman
Original Score
Finding Neverland
Song
Winner: Al Otro Lado Del Río – The Motorcycle Diaries
I said The Chorus
Short Film (Live Action)
Winner: WASP
Two Cars, One Night

Mover Mike

The Sunday Oregonian

I eagerly grabbed The Oregonian from the front porch and turned to the Commentary section. I was told that the paper was going to explain why there was a lack of news coverage of Eason Jordan and Guckert/Gannon. The column by Michael Arrieta-Walden was disappointing. First, let me say I lean to the Libertarian side of politics. Frankly, I didn’t see much news value in the Guckert/Gannon controversy. I wasn’t too stirred by a lone conservative reporter asking a softball question, when most of the White House reporters admit they vote for Democrats and ask questions to nail the president.

I did think it news that the Chief Exec. of CNN’s news department accused the US Military of deliberately targeting reporters. Arrieta-Walden says

And if you only read the news pages of The Oregonian, you wouldn’t know that the top CNN news executive had stepped down because of controversy about his remarks on whether U.S. soldiers targeted journalists.

There was no controversy. Three people and a reporter that reported the story were shocked in Davos, Switzerland over Jordan’s remarks: Sen Chris Dodd, Congressman Barney Frank and David Gergen. All agreed that Jordan accused the military of deliberately murdering reporters. A mindset has developed among some that reporters are being murdered and by our military. I posted about this here in Do Journalists in Iraq Feel Threatened? I listed ten reporters that had been killed in Iraq. The information comes from the group Reporters without Borders.

That’s the story The Oregonian missed. And because the MSM media didn’t write about and The Oregonian gets its news from the wire services, we could only know about Jordan from the conservative blogs. (And Guckert/Gannon from the liberal blogs.) It’s time The Oregonian gets with it. It’s time you monitor actively the major blogs and see what is being “blogswarmed”. Start with Daou Report, PunditDrome, read BuzzMachine, Hugh Hewitt, Instapundit, PowerLine and read Mover Mike! If you continue to rely on your MSM sources, you will continue to shortchange your readers; you will continue to miss the big stories.

Mover Mike

I’m not through with the Sunday Oregonian. On page E3, No scenario of ‘Day After Tomorrow” by Christopher Burt, we get this

But even though global warming is now an indesputable scientific fact, the link between it and extreme weather remains tenuous.

Now that is just plain wrong, it is NOT an indisputable fact. I posted here Hockeystick Broke & Compound Interest that one of the leading pieces of evidence, that was used as a key piece of evidence for global warming, was flawed. Stop allowing tripe like this to be in the paper, unquestioned.

Mover Mike

And finally, Right-wing group USA Next uses ad to take aim at AARP by Tom Teepen, we get this

So USA Next is laying on the same crew that smeared John Kerry’s in-fact sterling Vietnam War service–the PR firm, activists and consultants of the Swift Boat Veterans for Truth scam–to do a number on AARP.

First, either Teepen stole the verbiage from Maureen Dowd, who wrote almost the same words, or she stole it from him. Second, I contributed money to The Swift Boat Veterans for Truth. Kerry’s campaign in my opinion was over when this group appeared. (I have witnesses to prove that comment.) The simple way to settle this matter is for Kerry to sign SF-180 releasing all his military records as he said he would do in a post-election interview on Meet the Press to Tim Russert. Until then, don’t tell me about his sterling Vietnam service.

Mover Mike

The Credit Bubble

Since a picture is worth a thousand words, let’s look at two charts from Jesse’s Charts The Credit Bubble is illustrated by these two charts showing that today total credit in the US is at the highest percentage of GDP ever. The second chart shows that it now takes over $4.50 of new credit to generate $1 of new GDP. Notice the effect of abandoning the Gold standard by Nixon in 1971! If it takes more and more credit creation to generate a $1 of GDP, we seem to be pretty far out on the limb. No credit creation, no growth in GDP

From Investment Outlook by Bill Gross | March 2005, we see that the supply of Treasurys has increased four-fold since 1985, and almost 70% of the new debt is purchased by foreigners.

The second chart shows net purchases rising at a parabolic rate. Because we are flooding the world with our dollars, foreign countries are recycling those dollars into the purchase of our debt at an ever increasin quantity. Parabolic curves do not end well!

It seems to me that we are between a rock and a hard place. We can complain about the ever increasing debt of the federal government and individuals using home equity to finance purchases, but we are like an animal on a tread mill. We will not like the consequences of slower debt creation.

Mover Mike

Adelphia, School District #1, Maureen Dowd

I posted about Adelphia, the fifth-largest cable provider, here. Once-Conservative Adelphia Adds Hard-Core Porn to Cable. Now WorldNetDaily.com reports that Adelphia has changed its mind.

Who thinks the Justice Department should get involved and who thinks the set owner should just change channels if they don’t like the content?

Mover Mike

The Oregonian, today, has an article Portland schools likely face cuts by Steven Carter. There is a projected budget of $402 million for the 2005-06 year and a projected budget of $411 million for 2006-07 year. We have a student body of 47,500 (which is down 10,000 from a few years ago). There is concern that there will be a budget gap this year of $51 million and due to expiring taxes, a budget gap next year of $98 million.

Now for me if I’m going to run a budget gap of $51 million this year, I don’t project a budget next year of higher spending. I suspect, based on my work with an Economic Development Committee (EDC), a lot of budgets are top down budgets. They start with spending and then figure out where the money is coming from. In this case $402 Million divided by the number of students (47,500) works out to $8,463 per student. A budget gap of $51 million, cuts that by $1100.

Shouldn’t we be able to educate a student for $7,300 to $8,463 a year? How about getting 10 students together for $73,000 to $84,630? I don’t know the answer, yet, but I do know we have an ongoing education crisis in this city and state. We keep cutting the school year. The enrollment in this school district continues to drop. The paper says that because of expiring taxes, rates to homowners in the school district will fall $2.53 per 1000 assessed property value and will be lost to the schools. A property owner with a home value of $350,000 will realize an $855 drop in taxes. To me, that’s real money! With these questions, will I vote to raise my taxes back $855? Would you?

Mover Mike

Speaking of the schools…how long do we have to put up with Derry Jackson, charged “with four counts of violating a restraining order and violating a two-year probation sentence that was handed down by a judge last week.” Jackson serves on the Portland School Board. Jackson could face a total of two years in jail if found guilty.

Mover Mike

And to Maureen Dowd who has this to say about the Swift Boat Veterans for Truth “who dynamited John Kerry, a war hero, by sliming him as a war criminal”, just ask Kerry to fulfill his pledge made on Meet the Press to Tim Russert post election. Sign the SF-180 and we’ll put this debate to rest.

Mover Mike

Catching Up…

Do you “skype“? Making phone calls over the net It’s coming faster than all that copper can be depreciated.

Mover Mike

The price paid for blogging Iran Everytime you complain about the Patriot Act, think of Iran. Iran jails blogger for 14 years

Mover Mike

At The Buck Stops Here Matt Evans has an excellent post about the “takings clause” and its application to Kelo v. City of New London. The bottom line for Evans is

The fact that the Takings Clause requires compensation when property is taken for “public use” in no way implies that property can be taken without compensation if it is for “private use.” Instead, it implies that the government is not empowered to take property for “private use” under any conditions whatsoever.

Mover Mike

Spyware infiltrates blogs (hat tip: Dougpetch.com) One more reason to use Firefox and avoid “Next Blog” for now.

Mover Mike

I’ve posted a lot about our porous borders and threat to our national security. The Hedgehog Blog has what I hope is a contribution to the debate about those illegals already here and what should our policy be. Immigration And The National Interest: Where Should Conservatives Stand?

Mover Mike

More on The Oregonian

An added postscript to my post here about Jordan and Gannon in The Oregonian. The real question is: How does a newspaper make a decision on what is news? In the case of Jordan and Gannon there was no story in the “news” sections, just opinion on the Commentary page and the Editorial page. I make the same decisions in this blog. I wrote on Eason Jordan and never put any emphasis on Jeff Gannon. I wrote about Dan Rather, but not on Ward Churchill. In some cases the story just doesn’t interest me, in some cases I don’t believe I can add anything of value. I also write about some things that interest me, but not you, looking at the site meter. It’s my blog. I can do what I want. In the case of The Oregonian, in a sense it is our paper, and we have a variety of beliefs and we want to see ours presented.

Mover Mike

Kelo v. City of New London, Update

Arguments were presented before the Supreme Court yesterday in the case of Kelo v. City of New London. Wesley Horton, who appeared before the high court on behalf of the City of New London, said places like the World Trade Center would never have been built had it not been for some people sacrificing their land for the greater public good (emphasis added). Anytime someone says “sacrifice for the public good”, I run.

In THE COMMON GOOD AND THE VOTER’S PARADOX

A rational and selfish individual will not voluntarily contribute to community welfare even though he/she would share in that welfare. We could even suggest that the only people who do voluntarily sacrifice personal rewards for the public good are nothing but patsies. The person who refuses to contribute to the common good gets a double reward. He or she gets the immediate reward of the money or effort saved, and the long term reward of collecting whatever public good the patsies created

There are two choices to solve the problem. The market approach or the common good approach. Some will object to the market approach as favorable to the rich. However, since people choose their self interests, the common good can only be enforced by regulation and taxation (The point of the Gun).

From Capitalism Magazine

Individual rights protect man’s freedom — freedom from the coercion of others — to pursue his life and happiness in the only way he can, by following reason. Initiating force against another, by its vary nature, is anti-reason and therefore anti-life. This is what our mainstream intellectuals and politicians obscure, evade and oppose when they advocate the violation of individual rights.

When a collectivist claims that individual rights must be subordinated to the “public good,” his concept of “public” is divorced from individuals, and his concept of “good” is divorced from reason, freedom and justice. His claim amounts to: The needs or desires of some necessitate the enslavement and destruction of others.

The thing that got me interested in the first place was news that the Bush Administration was planning on filing an amicus brief in favor of the City of New London. The deadline for filing amicus briefs in Kelo vs City of New London passed without intervention by the Bush administration. A decision is expected in July.

Mover Mike

The USD and S. Korea

I think the last time I posted about the plight of the US Dollar (USD) was January,17th. Today, the USD was down in a big way in reaction to the news that S. Korea is diversifying their reserves away from the USD.

Feb. 22 (Bloomberg) — The dollar fell the most in more than four months against the yen and dropped versus the euro, Korean won and at least 30 other currencies after the Bank of Korea said it plans to diversify its reserves.

I have added a number of blogs to my blogroll (see those that are in bold) that post on the USD and currencies in general. I have a feeling that we will all be wanting more information about the effects of a falling dollar on us personally over the coming years. I think that Gold will be considerably higher and in the 70’s the price of Gold was higher than the Dow Jones Average. I believe the two will cross again and we all should have some dollars in this area for insurance. I do.

Mover Mike

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