Monday, January 24, 2011

Making Money Easy

John Rubino at Dollar Collapse.com obviously thinks, like I do, that inflation is a Terrible, Terrible Thing (TTT).


To prove it, and to simultaneously prove to my wife, kids, relatives, co-workers and neighbors that I am not the “weirdest man who ever lived” as concerns inflation, I call him up on the phone!


A man whom I assume is Mr. Rubino answers, “Hello?” and I say, “John! John, old buddy, old pal! This is Mogambo, calling to verify that you are scared out of your freaking mind about how inflation is rising all around the world because central banks, similarly all around the world, are creating more and more money, which causes inflation in prices, which is made worse for foreigners by us dumbass Americans having a trade deficit of over $600 billion a year, equaling a third of combined global trade deficits, which means that we are buying actual things from foreigners and exporting $600 billion dollars overseas, increasing their money supplies and thus increasing their inflation in prices, meaning that we should be buying gold and silver with fevered abandon, and how the usual reaction to impending starvation by the masses is such that we should be building fortresses in our backyards, bristling with guns and cannons, and maybe some of those cool Agent 007 James Bond devices like, you know, smoke screens, ejector seats, laser beams, and heat-seeking rockets, because (my voice rising to crescendo) We’re Freaking Doomed (WFD) thanks to the foul Federal Reserve creating so, so, so much freaking much money that it boggles the mind (‘boing!’) to even contemplate a Quantitative Easing II to effect an increase in the US money supply (to monetize government debt, no less!) of a whopping $600 billion in the next six months, of which half will end up overseas in the accounts of foreigners thanks to the trade deficit, who will use the money to buy US assets, thus repatriating the cash back to the USA to do its inflationary havoc whilst we strangely export the ownership of means of production to what I assume are sinister foreign forces, probably aligned with Illuminati conspirators, New World Order bozos, rogue government agents, extraterrestrial forces, Satan, or something. I mean, who really knows?”


He then replies, tellingly, “What? Who?” whereupon the line abruptly went dead, also proving that the CIA and/or the FBI and/or unknown government agents and/or aliens from outer space are not only tapping my telephone, but doing a poor job of it, too!


Anyway, I think Mr. Rubino’s position is clear when he headlines his recent essay “‘Bring us Sugar!’ US Inflation And the Rest of the World”, with the rest of the essay being about inflation breaking out all over the place!


And if there is one thing that a Junior Mogambo Ranger (JMR) knows, it is to buy gold and silver when inflation is rising, as it is, and will, because the Federal Reserve is creating lots and lots of money, which means, as proved 100% reliable by 4,500 years of history, that inflation in prices is Super Freaking Guaranteed (SFG), and the higher the increase in the money supply, the higher the inflation.


And, by that selfsame 4,500 years, it’s also proved that gold and silver will soar in value as all else Turns To Crap (TTC).


And with that kind of guaranteed and easy decision-making, what can you say except, “Whee! This investing stuff is easy!”?


The Mogambo Guru

for The Daily Reckoning


Economic Ruination from Money Creation to Price Inflation originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."





Robert Sargent Shriver, Jr. in Mar. 1964. (Photo: AP Photo)


As the first head of the Peace Corps, he joked that he had been chosen because he would be easy to fire if things worked out badly. But he plainly loved the work. In 1964 he called it "the best job in Washington" because of the dedication of volunteers—"a committed generation of Americans who really care about the human condition and are dedicated to the quest for progress for all mankind."


Charles Peters, who functioned as an in-house inspector for the Peace Corps then, said Shriver succeeded in communicating his own "glorious, infectious enthusiasm" to volunteers, who needed the boost because in the early days it took courage to volunteer and assignments didn't always work out well. Lyndon Johnson thought him such a success that he insisted in 1964 that he add to his Peace Corps duties with another, harder job. Johnson got him to run the War on Poverty, even though Shriver had little experience with the subject in America. His optimism led him to compare ending poverty to eradicating scarlet fever and diphtheria. He predicted that in a few years, perhaps less than a decade "the number of people mired permanently in poverty will be almost eliminated in America."


"He had enthusiasm to the hilt," said his niece, Kathleen Kennedy Townsend. "That's really who he was, with a real vision of service and making a difference."


That hasn't happened of course, and in later years Shriver would say that war had not been lost; it had just not been fought hard enough, with enough money, to win. But the remains of the War on Poverty still help poor Americans through Head Start, the Job Corps, and the Legal Services Corporation, among others.


Shriver gained prominence from his association with his in-laws, but that did not bring political success. In 1972, he was George McGovern’s eventual choice to replace Thomas Eagleton as the vice presidential candidate on the Democratic ticket. In fact, McGovern said this week, he probably would have chosen instead of the ill-starred Eagleton at the Miami Beach convention, but Shriver was traveling in Russia and could not be reached by phone to be offered the nomination. Once he was the belated nominee, McGovern said, Shriver “never lost that enthusiastic, optimistic attitude” even though the campaign by then was 20 points behind Nixon and Agnew.


His earnest effort that year can be explained by a story Tip O'Neill liked to tell. Tip recalled suggesting to Shriver that the route to popularity in a South Boston bar was to buy a round. Shriver took his advice, but when the bartender finished taking orders for beer or "beer and a shot," he asked what the candidate would have. As Tip told it, shaking his head, the reply was "Courvoisier with a twist." His own 1976 campaign for the presidency, focused clearly on his brother-in-law's legacy, went nowhere.


Bob Shrum, the Democratic consultant and a longtime friend, tells a more upbeat story. One afternoon he and Shriver arrived at the Shriver home as Eunice was running a Special Olympics event. She had put out a wine punch for the athletes' parents. Sarge sampled it and asked what wine was used. A servant said Eunice had told them to just take anything handy. They had opened a case of Chateau Lafitte Rothschild '48, a gift from Giscard d'Estaing, president of France when Shriver served as ambassador. Shrum reports that Shriver was momentarily nonplussed, but then smiled and said, "Then we'd better drink a lot of it."


That is just one of the stories friends tell about Shriver and family. Mark Shields, who worked on that 1972 campaign, said, "I've never known any candidate with a better relationship with his children and his family than he did."


Vicki Kennedy said Eunice and Sarge "raised remarkable children. Every one of them is involved in giving back. Every one of them is an achiever. Every one of them learned by the example of their parents."


And Townsend said their 56 years of marriage "was really one of the first great partnerships. He was absolutely successful, as we know, first head of the Peace Corps, head of the poverty program. But he just was enchanted by Eunice. He loved her. He loved everything about her. He appreciated her, and he supported her work."


After Eunice died and the family assembled in Hyannisport, she said, "Sarge put his arm on her coffin and said 'We did it, Euni, We did it. We fought the good fight. We fought for America. We did it. I love you Euni, I love you.' "


Adam Clymer is a former chief Washington correspondent of The New York Times and author of Edward M. Kennedy: A Biography.


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For inquiries, please contact The Daily Beast at editorial@thedailybeast.com.








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Tuesday, January 18, 2011

Moms Making Money


OctoMom's financial situation is as bruised, battered and exhausted as her uterus right now. Octo's got a million hongray mouths to feed, two lips on her face to keep filled with liquid nails and a foreclosure notice hovering over her head. Octo even brought her spastic craziness to Oprah the other day and Suze Orman told her that she needs to do what she needs to do to get those bills paid. Suze yelled until her clit turned blue and nearly fell off.


Well, Octo is making Suze proud, because she's slowly whippin' her way out of debt. TMZ reports that Octo recently shot a fetish video in her own home that features her whippin' a grown ass man in a diaper and a bonnet. Well, at least her 14 children don't have to crawl far for "Take Your Kid To Work Day."


TMZ says that Octo kept her black leggings and black corset on and whooped on the baby dude until welts grew on his back. Octo has already signed the release and it's currently looking for a buyer.


Okay, where did Octo put her three million screaming children while she was whipping coins out of a dudes diaper? Did she put them all in the garage with a few rocks and and empty box of Cheerios, and tell them to be really quiet while mommy and her friend play "Catwoman vs. Baby Huey"? Or did Octo hand one of her kids a boom mic and put them all to work? But seriously, this is better than collecting a welfare check, so I say, whip that food on the table!


And on a positive note, at least this fetish video can be used as a form of birth control. Every time Octo whips an air bubble out of a grown man's Pamper, a sperm fish drowns itself and an ovary egg pops.







@MikeBulger Read this article in French



The Health Benefits Of Raw Milk

From Grass-Fed Animals

By Ron Schmid, ND



In 1970, I went to live on the island of Martha's Vineyard. I was quite ill with gastrointestinal problems. I began living mostly on seafood, fresh vegetables and salads, and raw milk and eggs purchased from a local farmer, with a little meat and whole grain bread. My health problems, which had been intractable for years, disappeared.



Raw milk remained a mainstay of my diet. Since 1981 I have strongly recommended raw milk to thousands of people who have seen me in my practice as a naturopathic physician. I practice in Connecticut, where we enjoy the right to purchase certified raw milk throughout the state (with the exception of the town of Fairfield, where a fascist local health board has instituted an unchallenged-for-lack-of-funds town ordinance prohibiting the sale of raw milk.)



The raw milk available in the part of Connecticut where I live is from Debra Tyler's farm in Cornwall Bridge, called "Local Farm." Debra has nine cows on fourteen acres. Eight health food stores in central and northern Connecticut pick up milk regularly at Local Farm. There are about a dozen other certified raw milk dairies among Connecticut's 210 dairy farms.



Debra has Jersey cows. Most farms have Holsteins, which provide large quantities of milk, but milk that is lower in protein, fat and calcium. Jerseys were originally bred by the French to produce milk for
cheese making. The fat content of Debra's milk during the warm months is about 4.8 percent, well above the normal 3.5 percent for whole milk. Debra's cows eat mostly grass in the spring, summer and fall, and mostly hay in the winter (each cow consumes a forty pound bale a day!), with a few pounds a day of ground corn and roasted soybeans (five to one corn to soybeans ratio).



Local Farm milk is certified organic. Certification costs several hundred dollars a year in fees and considerable paperwork. It also means that Debra must sometimes pay more for certified feed from faraway places than for locally produced feed she knows to be organic but which is not certified. This raises the question-if you know and trust the local farmers who produce your food, does it really have to be certified?



TESTIMONY ON RAW MILK

The last time the right of the people of Connecticut to purchase raw milk was seriously threatened was in 1994 when the state Environmental Committee held public hearings on the certification of raw milk, before voting almost unanimously to continue licensing new farms and allowing raw milk to be sold. I testified at those hearings. My testimony was framed to respond to objections to raw milk raised by the state health department and to document the benefits of raw milk. To quote from that testimony:



"The state epidemiologist writes that 'It has yet to be demonstrated that raw milk has any beneficial health effects. . . ' He cites articles attached to his letter. In one article, 'Unpasteurized Milk, The Hazards of a Health Fetish' (Journal of the American Medical Association, 10/19/84), the authors make a series of misstatements about the research of Francis Pottenger before concluding that raw milk has no health benefits. I detail these charges as follows in the paper I've given the members of the Committee.



"Now what Pottenger actually did in some of his experiments is this. He used four groups of cats. All received for one-third of the diet raw meat. The other two-thirds of the diet consisted in either raw milk or various heat-treated milks. The raw milk/raw meat diet produced many generations of healthy cats. Those fed pasteurized milk showed skeletal changes, decreased reproductive capacity and infectious and degenerative diseases.



"Now just who was Francis Pottenger? He was the son of the physician who founded the once famous Pottenger Sanatorium for treatment of tuberculosis in Monrovia, California. He completed his residency at Los Angeles County Hospital in 1930 and became a full-time assistant at the Sanatorium. From 1932 to 1942, he also conducted what became known as the Pottenger Cat Study.



"In 1940, he founded the Francis M Pottenger, Jr. Hospital at Monrovia. Until closing in 1960, the hospital specialized in treating non-tubercular diseases of the lung, especially asthma.



"Dr. Pottenger was a regular and prolific contributor to the medical and scientific literature. He served as president of several professional organizations, including the Los Angeles County Medical Association, the American Academy of Applied Nutrition and the American Therapeutic Society. He was a member of a long list of other professional organizations.



"Pottenger's experiments met the most rigorous scientific standards. His outstanding credentials earned him the support of prominent physicians. Alvin Foord, MD, Professor of Pathology at the University of Southern California and pathologist at the Huntington Memorial Hospital in Pasadena, co-supervised with Pottenger all pathological and chemical findings of the study.



"One particular question that Pottenger addressed in his study is one that modern science has largely ignored. It has to do with the nutritive value of heat-labile elements-nutrients destroyed by heat and available only in raw foods.



"In his article 'Clinical Evidences of the Value of Raw Milk,' Pottenger writes: 'Some of the factors transmitted by milk are thermo-labile [sensitive to heat]. Though their destruction may not produce death, their deficiency may prevent proper development of the child. This may show in the development of an inadequate skeleton or a decrease in resistance. . . . delay in development of osseous centers is noted more frequently in those children. . . receiving heat treated milk. It is particularly absent from the raw milk fed children. . . . I am basing this discussion on analysis of 150 children whose parents have consulted me because of respiratory allergies. Many other workers. . . have also shown that treating milk by heating interferes with its proper assimilation and nutritional qualities. . . . The best milk from a nutritional standpoint is raw milk. . . . Heat-treating milk interferes with calcium metabolism causing. . . delay in bone age and small bones. . . . The interference with calcium metabolism as shown in the bones is only a physiological index of disturbed metabolism throughout the body.'



"I have prescribed raw milk from grass-fed animals to my patients for nearly fifteen years. Time and again I have seen allergies clear up and dramatically improved health. Particularly in children, middle ear infections usually disappear and do not recur on raw milk. Both children and adults unable to drink pasteurized milk without problems have thrived on raw milk. In hundreds-perhaps thousands-of my patients using raw milk, not one has ever developed a salmonella, campylobacter, or other raw-milk-related infection.



"In the letter cited above, the state epidemiologist states that 'The processes of certification and/or inspection do not guarantee that raw milk will not be contaminated with pathogenic organisms.' He also lists a host of microorganisms that are alleged to be transmitted by raw milk, not mentioning that, as the literature accompanying his letter makes clear, the only organisms even potentially associated with the consumption of certified raw milk are salmonella and campylobacter. And in one of the articles he cites, 'The Hazard in Consuming Raw Milk' (in The Western Journal of Medicine), the authors actually state that 'Salmonella and campylobacter diseases in humans are generally not serious. But in persons with compromised health (particularly those with malignant conditions and immunosuppressed by disease or therapy), these infections may be serious.'



"So, the gist of the state's argument against certified raw milk is that it might possibly on isolated occasions cause serious disease in some people whose immune systems have been compromised by the toxic effects of chemotherapy. And because of this very slight risk, those of us who might choose to drink certified raw milk for the benefits I have catalogued should be denied that right."



Fortunately, the members of the Environmental Committee saw through the shallowness of the state's argument and voted in favor of raw milk.



Milk in History and Evolution

Not everyone agrees that milk should be part of the human diet after infancy. The argument is made that just as all other species drink no milk after weaning, neither should we, especially that of another species. Many adults have difficulty digesting pasteurized milk, and allergies to pasteurized milk products are common. While this lends credence to arguments against milk, such reactions are usually due to pasteurization itself and the poor quality of conventionally produced milk and milk products. While for some individuals genetic influences play a role, for most people, the body's reaction to milk depends largely upon the quality and state of the particular milk used.



The Swiss of the Loetschental Valley were one of the few native groups Weston Price studied that used milk. (The others were certain African tribes, including the Masai.) The Swiss valley-dwellers used raw whole milk, both fresh and cultured, cheese and butter, all in substantial quantities. The milk was from healthy, grass-fed animals and was used unpasteurized and unhomogenized. Such foods clearly can play a major role in a health-building program for the individual genetically enabled to utilize these foods well. They are a rich source of fat-soluble vitamins A and D and other crucial nutrients in short supply in diets lacking in high quality animal fats. (Contrary to popular opinion, liberal amounts of animal fats, particularly from grass-fed animals, are essential for good health and resistance to disease.)



Yet it is possible to attain optimal health without dairy foods. Price discovered groups using no dairy foods that had complete resistance to dental decay and chronic disease; their diets invariably included other rich sources of animal fats, calcium and other minerals. The soft ends of long bones were commonly chewed, and the shafts and other bones were used in soups.



Modern medicine has discovered the importance of a substantial intake of calcium. Several recent studies have linked high blood pressure and other problems to chronic subclinical calcium deficiency, including increased incidence of colon and prostate cancers in men and osteoporosis and osteoarthritis in both men and women. Paradoxically, other problems are associated with high consumption of dairy foods; this has not gone unnoticed by researchers, nutritionists and holistic physicians.



The difference between fresh raw milk from grass-fed cows and processed milk explains the paradox. This concept has not been considered in attempts by today's medical community to explain the health effects of dairy foods.



Domesticated animals were first used for milk eight to ten thousand years ago, as a genetic change affecting mostly people in Europe, the Middle East and parts of Africa enabled them to digest milk as adults. Milk from domesticated animals then began to become important as a human food. With domestication and settlement, fewer wild animals were available; as groups of people roamed less, they hunted less, eating more grains and vegetables. In some cultures, milk replaced animal bones as the chief source of calcium and some other minerals.



In indigenous cultures where adults used milk, often it was used as cultured or clabbered milk. This is similar to homemade raw yogurt, and it is partially predigested-much of the lactose (milk sugar) has been broken down by bacterial action. This process must be accomplished over a period of several hours in the stomach when one drinks fresh milk; yogurt or clabbered milk is much more easily digested than fresh milk.



Adaptations in evolution are always the effects of particular causes. Humans developing the ability to digest milk into adulthood possessed a survival advantage; such changes are the basis of evolution. Put simply, many human beings evolved the ability to easily digest raw milk because raw milk from healthy, grass-fed animals gave them an adaptive advantage; it made them stronger and more able to reproduce. Such milk remains a wonderful food that provides us with fat-soluble nutrients, calcium and other minerals that are by and large in short supply in the modern diet.



In the six years since I presented the testimony quoted above, I have become more convinced than ever of the value and importance of raw milk in the diets of people of all ages. For many of the people who eat in the manner I recommend, raw milk is the chief source of enzymes. I believe enzymes are a critical component in recovering from disease and establishing and maintaining health. Hundreds of people I've seen have used Local Farm raw milk as an essential part of their naturopathic treatment.



There isn't a day that goes by that I'm not thankful that I live in a state where bureaucrats and medical monopolists have not stripped us of what should be an inalienable, constitutional right. I mean the right to purchase raw milk and other healthy, locally produced foods directly from the people who produce them.



It's impossible to overestimate the importance of the work Debra Tyler and farmers like her are doing. I long to see the day when all Americans have the right to purchase locally produced raw milk, meat, fowl and other farm products directly from the farmers who produce them. I hope to see the day when the current yoke of prohibitions and bureaucratic red tape will be thrown off, and we once again will be free to produce and consume truly healthy foods. The men and women who founded this country did not intend for commercial interests to control the food supply and thus our health. These are rights of the people, and they are rights that have been stripped away. We need to work together to regain them.





--------------------------------------------------------------------------------



About Ron Schmid

Dr. Ron Schmid has practiced as a licensed naturopathic physician in Connecticut since graduating from the National College of Naturopathic Medicine in 1981. A graduate of the Massachusetts Institute of Technology as well, he has taught courses and seminars in nutrition at all four of the accredited naturopathic medical schools in the United States. He served for a year as the first Clinic Director and Chief Medical Officer at the University of Bridgeport College of Naturopathic Medicine. He is a member of the American Association of Naturopathic Physicians and the Connecticut Society of Naturopathic Physicians, and is on the Honorary Board of the Weston A. Price Foundation. He is also the manufacturer of 100% pure, additive free nutritional supplements. Dr. Schmid is the author of Traditional Foods Are Your Best Medicine, first published in 1986.

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[Updated at 4:47 p.m. ET] An earthquake with a preliminary magnitude of 7.2 struck Wednesday morning in a remote area of southwestern Pakistan, the U.S. Geological Survey reported. The earthquake occurred at 1:23 a.m. (3:23 p.m. ...

Schneier on Security: More Stuxnet <b>News</b>

January 17, 2011. More Stuxnet News. This long New York Times article includes some interesting revelations. The article claims that Stuxnet was a joint Israeli-American project, and that its effectiveness was tested on live equipment: ...

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Friday, January 14, 2011

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<b>News</b> Corp.&#39;s iPad-only newspaper, The Daily, delayed, reports say <b>...</b>

The Daily, the iPad-only newspaper from Rupert Murdoch's News Corp., is being delayed a few weeks, according to the Associated Press. The digital paper is still working out subscription details, the AP said.

Great <b>news</b>: Elected officials know less about the Constitution <b>...</b>

So claims the Intercollegiate Studies Institute, which just concluded a five-year study on the American public's knowledge of its foundational legal document. The bad news: the general public gets an F, with just a 54% average on the ...

<b>News</b> Corp&#39;s The Daily iPad Newspaper Delayed By “Weeks, Not Months”

While we may all have our own opinions on whether News Corp's iPad-bound newspaper, The Daily, is a boondoggle or simply before its time, I think we were all at least looking forward to seeing what it was like. People were curious about ...


Thursday, January 13, 2011

Being Right or Making Money


The result is a bunch of excess inventory and poorly thought-out construction projects which have no means of recouping the initial investment needed to repay the bank loans.

This practice is similar to Spain`s situation now where they have entire uninhabited building complexes that have yet to be marked to market, and will probably ultimately be demolished. But at least in Spain, even though it was a construction boom, it was engineered by developers in Spain, and not by some manufacturing outfits like those in China.

So, multiply the bad business project factor by ten and you get an understanding of the magnitude of bad loans on the books of Chinese banks. The problem is being further exacerbated by the practice similar to Spain`s of banks making additional loans to the businesses just so that they can then turnaround and pay back the interest owed on the original loans.

The only way this would work out is if these projects magically develop revenue streams. Unfortunately, in the case of Spain, a 20% unemployment rate, coupled with a still overvalued housing market in which prices still need to come down significantly, would suggest that by the time the Spanish economy recovers enough to support the excess inventory, the abandoned projects are run down and uninhabitable.

A similar scenario could play out in China as well.

True Smart Money Wary of the Write-off Domino 

Furthermore, China`s practice of overbuilding at the height of real estate valuations makes even haircuts on loan write-offs an untenable practice for banks, and by further throwing good money after bad, the ultimate mark- to-market effect could be catastrophic for Chinese Banks.

This is the main reason all the major Chinese banks have gone to the market in 2010 to raise more capital before investors wise up to the underlying deficits these banks face, as these bad loans eventually would need to be written off the books.

Victor Shih, a Northwestern University professor estimates that Chinese local governments borrowed some 11.4 trillion renminbi at the end of 2009, and that local government financing loans to be roughly one-third of China's 2009 GDP. 

Shih reckons the most likely scenario over the next few years is that there would be increases of non-performing loans ratio from local governments. This would require a large scale of recapitalization of the Chinese banking system, which would eat up a large share of China's foreign exchange reserves and possibly slow down growth.

I do believe Beijing is quite capable of  a few bailouts and surviving a widespread banking crisis, but this most definitely will not bode well for the financial markets.  That's most likely why you see insiders removing capital from direct exposure to the inevitable re-pricing that will happen throughout Chinese markets from real estate to the stock market. 

This can be seen at this early stage by the underperformance of the Chinese stock market compared to other global markets. Remember, foreigners cannot invest directly in these markets, so these capital outflows are truly the smart money.

Logistic Gridlock Crimping the Middle Class

Next let`s look at the recent news regarding a severe cutback in automobile registrations in Beijing to 240,000 in 2011 from 700,000 registered in 2010 by the municipal government. Other large cities in China are bound to follow. This is most likely related to the reported 9-day traffic jam on the Beijing-Tibet expressway in August, and other extended traffic jams throughout China in 2010.

China is trying to build infrastructure projects after the fact; whereas with proper central planning these should have been established far ahead of the massive transition from a rural, agricultural based populous to that of a modern, large city based business and manufacturing concentration.

Simply put, it is impossible for all the Chinese citizens who want and can afford automobiles to be able to own and utilize this form of transport without a total breakdown in the transportation system. We are seeing the early stages of complete and counterproductive gridlock in the transportation system of China, and it is only going to get worse over the next decade.

No Jobs for College Grads

For all the talk about how China graduates more engineers each year, and other college educated young people who have strong backgrounds in the hard sciences than most developed nations combined, this is actually another sign of problems to come over the next decade in China.

China`s wealth and emergence into the second largest business economy hasn`t been built around the need for these types of mind and skill set. So literally you have a large mismatch between the types of available jobs in China, that are supported by the heavy manufacturing and construction intensive focus of the past twenty years, to that of the recently educated pool of graduates who have grown in sizable numbers over the past five years.

The Mind Is A Terrible Thing To Waste

This results in a large human asset class that China is currently wasting, as most of the newly educated workforce is working in jobs which require little or no advanced education at the university level. So you have highly educated university graduates in areas like engineering and accounting working low level service and sales jobs that pay less than many manufacturing jobs.

In short, there are too many highly educated Chinese citizens graduating each year for the number of jobs available needing their skill set because China`s economic model isn`t built around these type of jobs. This type of misaligned employment outcomes never ends well; it usually manifests itself in increased civil and social unrest.

8% Inflation in 2011

The next major challenge for China is a skyrocketing inflation, which at its root is the fact that there are too many people chasing too few resources. This fundamental flaw in population dynamics underpins many of the problems that China faces going forward.

Recent CPI data for November illustrates the inflation problem in China with a reading of 5.1% from a year ago comparison, this is up from a 4.4% reading for the previous month. Couple this with the latest 4% hike in fuel prices in China because of rising oil prices, you could expect future CPI and PPI reports to reflect even higher rates of inflation.

For now, most of the year over year spike has revolved around higher food prices as energy has mainly been flat for 2010 thanks mostly to government subsidies. Now that energy prices have entered the picture, China will start to experience even more inflation pressures in 2011. 

Furthermore, with the undervalued yuan pegged to the dollar, it is only getting worse for China in 2011 due to Fed's QE2 pressures on the dollar.  The real inflation rate for Chinese citizens for 2011 will probably approach 8% next year.

An Asian Contagion by China?

This escalating inflation concern is further compounded by Beijing's lack of decisive action to combat the problem by delaying a much needed currency appreciation, and hiking interest rates in a timely fashion. There is no getting around the fact that these two things need to occur as soon as possible.

By the time the Chinese government is forced to implement these tightening tools, the damage to the economy is most likely already done. The longer China delays the inevitable serious tightening measures, the harder the economic crash that will occur in the aftermath of these policy changes. And it is unlikely to end well. The resultant impact will probably take the rest of the Asian economies down with it – an Asian Contagion scenario.

History Repeats Itself

Eventually central planners and finance ministers around the world might start to understand that policies which lead to bubbles being formed in the first place are counterproductive in the long run. But until that lesson is learned, it seems like we are doomed to repeat the same mistakes over and over again.

Right now, there are more and more signs coming out of China that all is not well with its economy, and the likelihood of a more severe downturn in the future is a distinct possibility, unless its policy makers take decisive and prudent actions to minimize the damage of a hard landing.    


Dian L. Chu, Dec. 25, 2010 | Mobile Reader, Website | Google Profile
The UAW, not content with bankrupting GM and Chrysler once, want a repeat performance. And with Bob King at the helm, and apparently done campaigning for world peace and praying at the US capitol, they may yet get the double double. But first, it's time to put on the sheep's clothing and pretend to be rational. From the Detroit Free Press: UAW reveals ideas to try to level playing field. By 'leveling the playing field', what they mean is putting a thumb on the scale to tip the balance in their favor, but such is establishment media and their newspeak.

The document, called “UAW Principles for Fair Union Elections,” outlines 11 ideals that are designed to level the playing field between the UAW and an employer during a union campaign and election.



....The principles include an agreement that the ability to join a union is a “fundamental human right.”
But opting out from being forced to join the union is not. The document with the 11 principles can be found at this link, but just check out #2 for one:

Employees must be free to exercise the right to join a union or refrain from joining a union in an atmosphere free of fear, coercion,intimidation or threats. There is no free choice if a worker is afraid of losing a job or losing benefits as a result of his or her choice, or is intimidated into making a choice not of one’s own making.

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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...

Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

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Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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Bad <b>News</b>, About Virgin Mi-Fi and Verizon Upgrades - NYTimes.com

Two announcements this week. Two big bummers. Two good things gone.

Apple, <b>News</b> Corp. Delay &quot;Daily&quot; iPad Newspaper | Peter Kafka <b>...</b>

Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch. The delay is supposed to give Apple ...

Visualize This: Where the public gets its <b>news</b>

Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...

Monday, January 10, 2011

personal finance




Software Discounts You Can Get With An .EDU Email Address





You're probably aware that an .EDU address can score you some pretty nice discounts. If you're looking for more ways to save with an .EDU email, a thread at social news site Reddit has some suggestions for some great software discounts.


The thread focuses on places that give free or reduced price software based on your .edu email address. Some of the best responses include a few we've mentioned before, like:



  • Amazon offers their premium Prime service free to students for a year

  • If your school has an MSNDAA account you can often get many Microsoft programs for free. Windows 7 Professional, Windows Server, Visual Studio and many other software packages are available.

  • Autodesk has a student version available for free.

  • Prezi offers free accounts to students.


If you're looking for deals beyond software, web site StudentRate offers information on other stellar deals on services like cellphones and other discounts at major retailers. Whatever your choice, there are some great deals to have on software if you are a student. Before any large purchases, make sure to check with the company to see if they offer any academic discounts on programs, you might be pleasantly surprised! Photo courtesy Eflon.






The Best Charities in America [Yahoo Finance] "The best charities in the country."

8 Job-Getting Tips from a Guy Who's Hired 500 People in the Past 5 Years [Wise Bread] "Here are eight of his tips and hints for successfully navigating the job interview and hiring process."

10 things to shop for after Christmas [Frugal Village] "If you didn't get what you wanted from your holiday wish list, it's likely that you'll find it for less during year-end and clearance sales. Here are a few items to look for."

The 10 Golden Rules of Scam Prevention [MoneyTalksNews] "If you follow the 10 Golden Rules of Scam Prevention, or even some of them, you'll never be foolishly parted from your money again."

5 tips to make returning gifts almost as easy as getting them [Consumer Reports] "For hassle-free returns, read the current fine print (policies are a moving target) and review these tips."

— FREE MONEY FINANCE







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Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

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Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

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Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

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Just posted: Olympus XZ-1 samples gallery: Digital Photography Review

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Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."

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Just posted: Olympus XZ-1 samples gallery: Digital Photography Review

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Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."

AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

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Just posted: Olympus XZ-1 samples gallery: Digital Photography Review

Just posted: Olympus XZ-1 samples gallery: Just posted: Olympus XZ-1 sample photos. While we were attending CES in Las Vegas, we were offered a full, production-standard version of the latest enthusiast compact from Olympus.

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."

AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...


bench craft company reviews bench craft company reviews

Just posted: Olympus XZ-1 samples gallery: Digital Photography Review

Just posted: Olympus XZ-1 samples gallery: Just posted: Olympus XZ-1 sample photos. While we were attending CES in Las Vegas, we were offered a full, production-standard version of the latest enthusiast compact from Olympus.

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."

AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...


bench craft company reviews bench craft company reviews

Just posted: Olympus XZ-1 samples gallery: Digital Photography Review

Just posted: Olympus XZ-1 samples gallery: Just posted: Olympus XZ-1 sample photos. While we were attending CES in Las Vegas, we were offered a full, production-standard version of the latest enthusiast compact from Olympus.

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."

AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...


bench craft company reviews bench craft company reviews

Just posted: Olympus XZ-1 samples gallery: Digital Photography Review

Just posted: Olympus XZ-1 samples gallery: Just posted: Olympus XZ-1 sample photos. While we were attending CES in Las Vegas, we were offered a full, production-standard version of the latest enthusiast compact from Olympus.

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."

AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...


bench craft company reviews bench craft company reviews

Just posted: Olympus XZ-1 samples gallery: Digital Photography Review

Just posted: Olympus XZ-1 samples gallery: Just posted: Olympus XZ-1 sample photos. While we were attending CES in Las Vegas, we were offered a full, production-standard version of the latest enthusiast compact from Olympus.

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."

AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...