Friday, August 31, 2012

Mexican drug cartels’ spreading influence: Graphic | Graphics | News | National Post



Graphic: Mexican drug cartels’ spreading influence

Jonathon Rivait, Richard Johnson | Jul 13, 2012 10:58 PM ET | Last Updated: Jul 16, 2012 2:59 PM ET

More from Richard Johnson | @newsillustrator

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The Mexican drug trade has left more than 50,000 bodies in its wake since 2006, and the cartels appear to be looking to expand their networks. With this in mind, the National Post’s graphics team takes a look at the flow of drugs across the continent.

Download high-resolution image | Download full-sized PDF

via Mexican drug cartels’ spreading influence: Graphic | Graphics | News | National Post.

Alcohol Alzheimers GRE exam.

I agree that Dementia / Alzheimers may be caused by alcohol, tobacco, fluorine or other neurotoxins. Job related stress and trauma can cause alcohol and tobacco abuse. I can feel alcohol reduce mental functioning. I can also feel that alcohol interferes with deep sleep. I have totally abstained from alcohol and tobacco since I left the military. Alcohol is a refined form of sugar that causes diabetes, cancer, strokes, heart attacks, obesity (beer belly). I support annual SAT GRE exams for all employees to diagnose mental deterioration ASAP.
alcohol dementia, the onset of which can occur as early as age thirty. Long-time alcohol abuse can often lead to poor nutrition problems causing parts of the brain to be damaged by vitamin deficiencies

News from The Associated Press




AP Photo/Eric Gay



NEW ORLEANS (AP) -- Isaac sloshed northwards into the nation's midsection Friday after flooding stretches of Louisiana and knocking out power, leaving entire water-logged neighborhoods without lights, air conditioning or clean water.

It will be a few days before the soupy brown water recedes and people forced out of flooded neighborhoods can return home.

And the damage may not be done. Officials were pumping water from a reservoir to ease the pressure behind an Isaac-stressed dam in Mississippi on the Louisiana border. In Arkansas, power lines were downed and trees knocked over as Isaac moved north into the state.

The earthen dam on Lake Tangipahoa could unleash a 17-foot flood crest downstream in Louisiana if it were to give way,

via News from The Associated Press.

Christie must remove Kean University’s President Dawood Farahi | Commentary | -- Your State. Your News.

He claimed that he had authored publications that never existed. The academic research journals that he claimed published his work have reported that the “so-called” research articles never existed. Farahi claims that the confusion was the result of clerical errors by his office staff. Based on this excuse, one would have to assume that typographical errors led to phantom research studies suddenly being created implanted in his curriculum vitae. In addition, one would also have to hold him blameless for not proof reading his own portfolio.


Actually, the Kean University Board of Trustees did not hold him blameless. They cited the lack of accuracy in Farahi’s dossier. However, the Trustees also voted, by a slim margin, to allow Farahi to continue as the President of the University. Perhaps most troubling, the same lack of accuracy and integrity would not be tolerated by a student or faculty member. In all probability, the student would be expelled from the University and the faculty member’s employment would be terminated. To do otherwise would place the University’s academic reputation permanently at stake.

via Christie must remove Kean University’s President Dawood Farahi | Commentary | -- Your State. Your News..

Christie must remove Kean University’s President Dawood Farahi | Commentary | -- Your State. Your News.

Christie must remove Kean University’s President Dawood Farahi | Commentary | -- Your State. Your News..

Thursday, August 30, 2012

Pension changes would cover less than half of liability, CalPERS estimates - State Pensions - The Sacramento Bee

Pension changes would cover less than half of liability, CalPERS estimates - State Pensions - The Sacramento Bee.

Paul Ryan Campaign Defends Much-Ridiculed GM Plant Closing Remarks

Paul Ryan Campaign Defends Much-Ridiculed GM Plant Closing Remarks.

Ryan Accused of Falsities by Obama’s Team, Fact Checkers - Bloomberg

Ryan Accused of Falsities by Obama’s Team, Fact Checkers - Bloomberg.

Harvard Cheating Probe Under Way for About 125 - Bloomberg

Harvard Cheating Probe Under Way for About 125 - Bloomberg.

Half of Americans die with almost no money - Andrea Coombes' Ways and Means - MarketWatch

Half of Americans die with almost no money - Andrea Coombes' Ways and Means - MarketWatch.

Yale: Robert Shiller Finance and the Good Society Princeton University Press 2012

The below web site offers lectures online and interesting discussions for the richest 1% of 1% bankers. I could not get onto the lecture today because it was limited to 100 because of a bandwidth constraint. Shiller is one of the good guys with some common sense. He has a new book out on the importance of finance, described below.


About Robert J. Shiller

Robert J. Shiller is the Arthur M. Okun Professor of Economics at Yale University and a Professor of Finance and Fellow at the International Center for Finance at the Yale School of Management. He received his B.A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He has written extensively on financial markets, financial innovation, behavioural economics, macroeconomics, real estate, public attitudes and moral judgments regarding markets.

In his latest book, Finance and the Good Society (Princeton University Press, April 2012), Shiller argues that, rather than being a parasite to society, finance is a powerful tool for solving public problems and increasing general well-being. Shiller is the author of a number of influential books, including Irrational Exuberance (2000), an analysis and explication of speculative bubbles with special reference to the stock market and real estate, and The New Financial Order: Risk in the 21st Century (2003), an analysis of the expanding role of finance, insurance and public finance in our futures. His 2008 publication Subprime Solution: How the Global Financial Crisis Happened and What to Do about It offers an analysis of the economic and housing crisis and a plan of action to mitigate its effects.

New York Times best-selling economist Robert Shiller is no apologist for the sins of finance--he is probably the only person to have predicted both the stock market bubble of 2000 and the real estate bubble that led up to the subprime mortgage meltdown. But in this important and timely book, Shiller argues that, rather than condemning finance, we need to reclaim it for the common good. He makes a powerful case for recognizing that finance, far from being a parasite on society, is one of the most powerful tools we have for solving our common problems and increasing the general well-being. We need more financial innovation--not less--and finance should play a larger role in helping society achieve its goals.

Challenging the public and its leaders to rethink finance and its role in society, Shiller argues that finance should be defined not merely as the manipulation of money or the management of risk but as the stewardship of society's assets. He explains how people in financial careers--from CEO, investment manager, and banker to insurer, lawyer, and regulator--can and do manage, protect, and increase these assets. He describes how finance has historically contributed to the good of society through inventions such as insurance, mortgages, savings accounts, and pensions, and argues that we need to envision new ways to rechannel financial creativity to benefit society as a whole.

Ultimately, Shiller shows how society can once again harness the power of finance for the greater good.


Reading his book is like wandering through an interesting garden. . . . [T]he best passages in this book make a persuasive case for a fresh view of an industry that is too glibly demonized. The most promising way to promote the good society, Shiller says, is not to restrain finance but to release it. (Sebastian Mallaby New York Times Book Review )

Rigorous. . . . Shiller presents a helpful taxonomy, and is convincing in his defence of insurers, financial advisers, and (some) bankers. He is good at relating even some of the more obscure and complex trading strategies to real world problems . . . (Howard Davies Times Literary Supplement )

Shiller, professor of economics at Yale and author of the best-selling Irrational Exuberance, examines the future of finance in this timely new book. Recognizing the anger of many Americans--as evidenced in part by the rise of the Occupy movement--Shiller suggests that the way to fix our increasingly unequal society is through the 'democratization' and 'humanization' of finance. ( Online Review )

Finance is in need of a little redemption. In his priestly new book, Finance and the Good Society, Mr. Schiller . . . sets out to provide it. He argues convincingly that finance can, should and usually does make the world a better place. . . . As an advocate for the financial system . . . he is wonderfully persuasive because he never plays down the problems. . . . Mr. Schiller reminds us of the profound importance of finance to making our society work. (Robin Harding Financial Times )

Shiller comes across as pragmatic as well as visionary, explaining how much financial capitalism has done for society and how much more it could do if harnessed for the common good. (James Presley Bloomberg News )

While many have damned the finance industry for rampant self-interest and a tendency to prey on people's flawed thinking for its own benefit, Shiller wants to overhaul it to make sure finance serves the greater good. The key, he says, in his new book, Finance and the Good Society, is to democratize finance--giving the rest of us access to the tools and techniques that rich folks have used for decades to raise capital and protect themselves from risk. (Drew DeSilver Seattle Times )

Finance and the Good Society is so contrarian as to be shocking--all the more so because its author, Robert Shiller, is no head-in-the-sand capitalist nor a highly paid Wall Street shill. . . . At a time . . . when fear is curbing financial innovation and the political climate could 'prevent financial capitalism from progressing in ways that could benefit all citizens,' Mr. Shiller's sensible message demands urgent attention. (Economist )

Shiller has sought to prove what most of us were prepared to assume: finance may not be the great saviour that will create good society in the Utopian sense, but a society that truly seeks to be good will find in finance a willing partner that can help it achieve its goals. If you are looking for a social revolution, you will not find it in Finance and the Good Society but if you are planning a social revolution you should definitely read this book first. (Financial World )

Deeply intelligent and elegantly argued. (BizEd )

If François Hollande really believes finance is an enemy of society, he should read Robert J. Shiller. (Tim King European Voice )

What present would you give to the man who stands on the threshold of the Élysée Palace--a man who has almost everything? A copy of Robert Shiller's Finance and the Good Society might be a timely present. . . . [A] stimulating book . . . (European Voice )

Extensively citing history, philosophy, psychology, neuroscience, and behavioral science, the book convincingly calls for better fiscal education and claims that greater knowledge will lessen resentment and inequality, improve comprehension, and facilitate 'the good society.' An excellent resource for readers interested in understanding and improving financial capitalism. (Library Journal )

Robert Shiller makes a bold but convincing plea to reform the present financial system and use its power for the benefit of society as a whole. (Arab News )

Shiller has won a deserved reputation as being among the world's most prescient analysts of financial excesses. When he defends finance, we should pay attention. (Martin Wolf Prospect )

Shiller argues his case skilfully and persistently, and with a wealth of quirky and interesting examples. (Lord Skidelsky Management Today )

VA Mortgage guaranty limits $1,000,000 and more

Hurricane headed this way, torrential rain all day tomorrow.

Interest rates are so low that it is tempting to borrow a million dollars and buy a retirement home on the beach. Monthly payments would be $500 per $100,000 of loan. $100,000 can buy a nice peaceful house in a less crowded part of Missouri. Big cities and the east and west coast you have to pay more than triple or quadruple for worse constructed house with more smog and less safety, security, water, deer, ....

Nowdays it seems that if you repay a VA Mortgage you can take out another one. And the guarantee limit is over a million dollars for San Francisco, Nantucket Massachusetts and other such places.

As one gets older one has less years to lose in bankruptcy. Pensions and Social Security are safer pay than many jobs. I don't like the idea of loans and never took out a loan, but it is becoming a tempting source of free money. If one does not survive 30 years then heirs will inherit a million dollar house with very low mortgage payments.


Maximum Guaranty Limits for August 6, 2012 to December 31, 2012

The Honoring America’s Veterans and Caring for Camp Lejeune Families Act of 2012 has been signed into law. The Act includes a number of changes to the Department of Veterans Affairs’ (VA) Loan Guaranty program, including reverting back to the previous method of calculating maximum guaranty. This resulted in some loan limits increasing. While VA does not have a maximum loan amount, the following county “limits” must be used to calculate VA’s maximum guaranty amount for a particular county. These limits apply to all loans closed August 6, 2012 through December 31, 2012.

Calendar year 2013 county loan limits will be posted once VA receives median price data from the Federal Housing Finance Agency (FHFA). Typically this information is received in November of each year. Should the loan limit for a county decrease in 2013, VA will guarantee a loan using the previous higher limit if there is proof of a pre-approval based on a sales contract or URLA executed on or before December 31, 2012.

The maximum guaranty amount (available for loans over $144,000) is 25 percent of the 2012 VA Limit shown below. Therefore, a veteran with full entitlement available may borrow up to the 2012 VA Limit shown below and VA will guarantee 25 percent of the loan amount. If a veteran has previously used entitlement that has not been restored, the maximum guaranty amount available to that veteran must be reduced accordingly. Lenders should check their own investor requirements regarding guaranty amounts and down payments.

NOTE: For all counties other than those listed below, the limit is $417,000.

































Maximum Guaranty Limits for August 6, 2012 to December 31, 2012


Wednesday, August 29, 2012

no TV. Dell Windows versus Apple Macintosh Air lightweight laptops

I put my TV and furniture into storage because I do not use it any more. TV prices are dropping and it is tempting with the election and all, but I don't have time. I prefer to read if I had the time.

The modern lightweight laptops may be just what your wife needs. That is all the computer most people need. They use SSD Solid State Disks so they are fast and don't use up the battery as fast as mine that has a large mechanical disk drive and a DVD player. They have a keyboard so can type emails -- I used to lay in bed with laptop on my chest and type emails (I started working on computers in my bed in 1973). It can do phone calls, video phone calls, texts, unlimited movies from Netflix or Amazon for $8 per month, regular word processing, etc. Better than an iPod but not as portable.

But, I still prefer a desktop with big screen and a big heavy duty high performance computer with lots of disks and addon stuffed inside. But most do not need that. Game players often need a bigger stronger computer too.

I found some reviews and as usual Dell Windows give you a lot more for the money than Apple. I was one of Dell's first customers in 1986. I would try to stuff more RAM and a bigger SSD into it for a cheap performance increase but due to the Tsunami chip prices are high. Maybe after Xmas prices will be better. Prices dropping all the time.
The Dell XPS 13 compares favorably to both MacBook Air models, but offers a better value than the 11 inch MacBook Air for many consumers. the Dell XPS 13 offers a better value for most users over the same $999 priced 11 inch MacBook Air. Without sacrificing size or weight consumers get a larger screen and still maintain an impressive 6 hour battery life. The $999 Dell XPS has double the RAM and double the hard drive space when you compare it to the entry-level MacBook Air. This means better performance when multitasking and more room to store photos and files. The MacBook Air 11.6 priced at $999 won’t meet the needs of nearly as many users as the $999 Dell XPS 13.

Pensacola Fort Walton Destin might be a good zero income tax place to retire if it survives the hurricane.,_Florida

Located on Florida's Emerald Coast, Destin is known for its white beaches and emerald green waters. Originating as a small fishing village, it is now a popular tourist destination

Branson is a great retirement area for Veterans but Missouri is a low tax state overall, ... not a zero income tax state.


Branson Honors Veterans Every Day!

Tony Orlando in Branson MO
Tony Orlando performs at The Welk Resort Theatre in Branson

Branson, Missouri, may be America's most veteran-friendly town. Branson salutes our veterans and active-duty armed forces year-round.

Their service, commitment and ultimate sacrifice is honored with multiple special events, warm welcomes and VIP treatment. Men and women veterans and active duty personnel from all branches and from all wars, conflicts and peacetime service are appreciated in the Branson/Lakes Area every day of the year.

In keeping with a long tradition of gratitude, many of the area shows recognize veterans, military personnel and their families through special patriotic musical numbers. Frequently the entire audience gives a resounding round of applause to say “Welcome Home” and “Thank You.” This commitment to honoring veterans can also be seen at area attractions, restaurants, museums and other businesses in a variety of ways.

Branson also hosts hundreds of military reunions. Visit our reunions list for an up-to-date directory of unit, platoon, ship and group reunions planned in Branson. Military reunion groups often say that Branson is their #1 destination of choice.

2012 Armed Forces Day Parade Application Form (.doc file)

Professor Pay, Bad Theories, Financial Crash, University culpability as tool for the rich 1% to maintain hegemony

Maybe I should go to Oxford England to talk to Tony Lawson on the misuse of mathematics in finance and economics. Many of the culprits who created the mess are still employed in universities. Most CSU UC professor salaries are available for lookup. For example the binomial method is an efficient method for computing wrong prices very fast for most derivatives, even very complicated. Rubinstein at Berkeley is probably the leading proponent of the binomial. He figured it out while hiking with Bill Sharpe (Nobel Stanford) along the sea of Galalee in Israel. He draw a huge crowd when he introduced the binomial at the Debreu seminar in the fall of 1978 that rarely got a dozen attendees due to the difficulty of the subject matter. Rubinstein even outdrew Fields medalist Steven Smale (UCB now UCLA) who filled the room but did not have people standing in the hallway looking in Evans hall 6th floor. Rubinstein went to the same Seattle rich kid's high school as Bill Gates Microsoft and preceded him to Harvard BA. UCLA phd. All these professors make most of their money "consulting" for banks... saying derivatives are good, markets are efficient, equilibrium, optimization, banks are good,... And lobbying that taxes are bad, regulations are bad, and signing petitions to elect Romney, ....


Name Job Title Department Total Pay▼
Mark E RubinsteinPROFESSOR-ACAD YR-BUS/ECON/ENGUC Berkeley$349,991.65

Tuesday, August 28, 2012

Windows vs Apple Macintosh. Desktops vs Laptops.

For most people I see little benefit from switching from Windows to Apples as long as Windows 8 does not turn out to be dud. XP has remained popular because Vista was a dud, and 7 not much better.

It is a major time investment to learn Apples, frustrating and not worth the effort for most. I have now used Apples for 4 years and have gotten used to the frustrations. My fingers are used to Apple. Apple is more stable and some programs run better on it. But Apple is more expensive, quirky, and less popular so lots of programs will not run on Apple at all! Windows is much more popular so programmers write for Windows first and add Apple as an afterthought. Apple may make sense if everybody you know uses Apples.

I have a Macbook laptop, my least favorite Apple. I do not like laptops -- weak performance, hard to expand, screen, keyboard and mouse too small and hard to use, and it has a battery -- batteries can always cause problems and need replacing. I converted my laptop into a desktop by adding an external monitor, speakers, and a fancy German Mathias keyboard and mouse. On a positive note, laptops are great for travel and speaking. I will take it for my 2 month winter vacation in Hawaii. For many people a laptop is all the computer they need. Some can do ok on a iPad or iPod.

Dell Windows laptop may be as good as an Apple macbook laptop. Dell is probably a lot cheaper. An Apple computer may work better with an iPod, both coming from Apple. Due to competitive pressure all the vendors are converging in price and performance and functionality.

Desktops are bigger, faster, cheaper, easier to expand, and more ergonomic. The problem with desktops is that they are big and hard to move so laptops, tables, ipods are selling much better. People often spend a lot of time on the move, encouraged by student loans, business tax deductions for business travel, and other government finance gimmicks that may grind to a halt some day. People should stay at home or office and work on the big powerful desktop and get more work done.

I quit overhauling computers, motherboards, disks, chips.... Usually a new computer will last a long time. Then the software and hardware get out of date about the same time. So I just buy a new one. Cheaper than trying to fix up an old computer. With the new computer you get all the new stuff pre-installed for you correctly. There should be some good Windows 8 computers on sale around Xmas. They are releasing 8 to manufacturing in October to get ready for Xmas. After 2 or 3 years I buy some chips and disks and fill up any slots and get another 2 or 3 years out of the machine. Computers are getting cheaper and fancier all the time so it does not make economic sense for holding on to one too long. The DVD on my Windows machine quit working. Another reason to get a new machine. Rust, battery leaks, dirt,...

Gorgeous weather. I enjoy my daily nature walk along the lake and wading at the beach. No smog and lots of oxygen pumped out by all the green trees. Has been rainy for a week so air and streets are washed and clean.


I take it that you are upgrading at this point. I have decided to wait until my Windows XP is not supported any more before upgrading my second computer, and at the same time to install a mother board with outragious speed and capability. Not sure that I want to go Apple or Mac since I have never had either. Do you have a laptop? My daughter insists that I change over to an Apple laptop. ....Rich

Monday, August 27, 2012

Apple + Windows. Movie Shooter: Before Gunfire, Hints of ‘Bad News’

I am trying to assemble 20 years of emails and move all my files from Windows to Apple. Quite a project. I will have to keep both systems healthy and upgrade them this winter to Windows 8 and Lion. I will probably use Apple Lion unless Windows 8 proves stable and useful. I have been using Apples long enough that I have overcome most quirks and irritations. Apple OSX is much more stable than Windows and has some good software that I can use for most of my work. I also use my Apple iPod quite a lot -- before getting out of bed I study 3 weather reports, email, phone messages, the New York Times and other newspapers ... and it is a great music player.

Long article below on the shooter says he liked LSD and other hallucinogens, played video games, ate junk food, was an introvert, and had a federal government scholarship. There are lots of freaks like him, especially in places like Humboldt. Colorado also allows medical marijuana. He probably bought the guns and ammo using the money from the scholarship paid for by taxpayers.

I support universal military service at age 17 or 18, and boy scouts before that. Youth needs to develop self discipline and knowledge of reality. Not a chemically induced reality.


James Eagan Holmes left no trail of hate behind him before the shootings in Aurora. But interviews with people who knew or had contact with him before the attack tell a story of a man struggling with a mental illness and losing his footing.

Sent from my iPod

Sunday, August 26, 2012

economic fix recommendations

My recommendations:

Raise the income tax rate to a flat 50% for people and corporations.

Eliminate all deductions and exemptions except for a standard deduction of $50,000.

Eliminate all student loan programs and federal government support of education.

Eliminate FNMA GNMA and all government support for home loans.

Eliminate most military personnel, homeland security, TSA....

Balance the budget.

Protect Medicare and Social Security. Require all politicians and government employees to use it if they are old enough.

Increase veterans benefits. Require younger politicians and government employees to use VA medical care.

End legal and illegal immigration. Tight border control.

Get rid of cash, go to all electronic currency.

Free hay for 1 horse if the owner does not own a car or motorcycle over 1 liter engine.

USA must learn to feed itself and manufacture its own products. If a corporation is manufacturing or growing something that faces import competition then cut its tax rate to zero as long as the ratio of the compensation of its highest paid employee to its lowest paid employee is less than 20.

Supply side economics was dead on arrival. Keynes would not agree with what the media portray as Keynesian. Pat Buchanan below has an interesting take on the Republican mess.

Massachusetts has a flat tax rate of 5.3% and a sales tax rate of 6.3% -- much lower than California. Taxes do not have to be high. Massachusetts would be an easy and useful move for me -- Matlab, ADI SHARC DSP chips (super harvard architecture) and top departments in many fields and journals. Cold and dark in the winter and declining along with NYC banks and the financial system that has way too many employees. Northeast is decaying, ossified, and backwards. But very familiar to me. Seems the better people related to my theoretical work are at UCLA and UCSD, and I am mainly thinking about theory. For applied work: Santa Fe NM is great as is Minnesota 40 degrees below zero. Texas has great business environment and very good chips TI DSP. Missouri has the best environment and ecology and fairly competitive in many respects, but no chips or software.

>in a nutshell, what is your recommendation for getting economic activity to pick up? as far as i can see, both major schools (keynesianism and versions of supply side economics) have been shown not to work. they both seem to be targeting the wrong parameters.


By: Patrick J. Buchanan

A deep-seated fear, a gnawing anxiety among Republicans that the positions they have held and hold on social and moral issues, and even on economics and foreign policy, no longer command the support of a majority of their countrymen.

Rather than hearing the old paeans to free trade we used to get from Bush I and II, Republicans now talk about getting tough with China and fighting the “unfair” trade practices of foreign regimes.

Milton Friedman, whose writings Republicans once read as gospel, said we should throw America’s markets open to the world, no matter the protectionist policies of others, because cheaper imports benefit all of America’s consumers.

No Republican talks like that anymore. Yet none seems to have a solution to these endless trade deficits debilitating our economy other than to ignore them or accuse the Chinese of “currency manipulation.”

With homosexual marriage gaining converts among the young, the party of the Moral Majority declines to stand with Chick-fil-A.

Bewailing deficits, Republicans demand a balanced budget. And the Ryan budget does that — in 28 years.

Why so long? Because real budget cuts entail real pain.

Where is Mitt Romney going to slash a budget that consumes a fourth of the U.S. economy?

Not defense. Mitt promises to increase that. He cannot cut interest on the debt, which must rise as interest rates climb from today’s near-zero levels. He says he will not cut Medicare.

Is he going to cut Social Security? How about taking an ax to Medicaid, food stamps, student loans, school lunches, Head Start, aid to education, Pell Grants, EPA, the FBI and the earned income tax credit?


An easy fix might be black cherry juice that will completely cure gouty arthritis in less than one hour. I just get a can of Oregon brand whole black cherries at any supermarket. Most are grown near Traverse Michigan swamp and they have a big festival in summer. I get gout from beef+sugar that I use to gain 10 pounds of muscle per month with hard exercise. Gout really hurts but seems completely curable if not let too much damage over a long period time.

Unfortunately there are many kinds of arthritis and many triggers. I have not studied it much although my family has several cases of auto-immune disorders. I would look into immune system normalization. People need to learn how to make sauerkraut at home or at least buy the real thing from a Korean grocery store (kimchee). Also yogurt, kefir, sour cream, natto and other fermented foods should help. 90% of the DNA in the human body is not human. Everybody is infested with a menagerie of micro-organisms that could set off the immune system. They float in the air, in houses, offices, cars,..

All manner of chemicals, pollution, fertilizers, pesticides, herbicides, fungicides, etc. can also disrupt normal processes and trigger some immune system response to try to clear the offenders but attack you instead. It may be impossible to identify the culprit(s).

Frequent moves to new altitudes, geographies, ecosystems,... may eliminate the problem. I move every 5 years for that reason and other reasons. And changes in diet, exercise,...

I also use tumeric daily, 1-4 heaping tablespoons, cooked with rice+ vegetables PM, or oatmeal + raisins AM. Plus nuts and seeds for oil. Fats and oils help many nutrients to be absorbed. Foods are meant to be eaten together. I would steer clear of aspirin or any shots except as a last resort. Instead of fish oil I use the whole fish such as canned salmon or sardines. I will soon start catching my own. Getting a freezer for fish and deer.

There are some less popular therapies that have not been well studied such as grounding the body to get rid of excess electrons. Wade in Lake.

USA diet is 10:1 Omega 6:3 oil when it should be 1:1. Best source of Omega 3 is fish. One must eat fish oils, and a lot of it. When ratios are so far out of whack something will go wrong, and that probably accounts for some of the Arthritis, Dementia, and other problems. Also USA gets far too much sugar, flour, starches, hence diabetes, cancer, and heart disease.

Some huge percentage of the economy is creating and treating disease. There are so many disease propagators that it is not possible to figure out a single trigger mechanism.


I have been taking tumeric (curcumin) as promoted in Blaylock's Wellness Newletter. Tumeric is poorly absorbed from the stomach unless oil is present. Tumeric is a potent anti inflammatory agent. In lab mice it has been shown to halt arthritis in mice that were injected with a bacteria that induced the body to attack the joints. Tumeric did this by eliminating the protein that fed the bacteria.
I make an arthritis "cocktail" four times a day with one half teaspoon of virgin olive oil, 1200mg (mercury free) fish oil and (2) 500mg tabs of tumeric. Results on my arthritis have been better and safer than aspirin. My results after (3) weeks resemble cortisone shots in my joints. Both fish oil and olive oil are also anti inflammatory agents.

In one study cited in a past issue of the Wellness letter patients being given bypass operations were given 4000Mg. Tumeric divided (3) times a day for 5 days before and after the procedure. Heart attacks after the bypass procedure (presumably due to inflammation from the procedure) were reduced by 60% vs the control group.

In human subject studies tumeric has been shown to dramatically reduce C marker indicators for body inflammation.

You may be interested in the below. Agrees with other authors I have been reading.

I have much to do to reduce sugar, starch, Ω6 vegetable oils, mercury, fluoride, aerobic exercise, vaccines, herbicides, pesticides, fungicides, flavorings, msg, chemicals....

Fishing, hunting, gathering, sunshine are needed for health. Live in a smog-free environment.

"Finally, You Can Prevent Alzheimer's, Parkinson's, and Memory Loss"

A Renowned Neurosurgeon's Simple Tips to Protect Your Brain . . .

Hello and welcome to our special presentation showcasing the work of renowned neurosurgeon and nutritionist Dr. Russell Blaylock.

When both of Dr. Blaylock's parents died of Parkinson's disease, this highly respected physician dedicated his career to discovering the hidden causes of:

  • Memory loss

  • Alzheimer's/dementia

  • Parkinson's disease

  • And other neurodegenerative disorders

Shortly, you'll hear about the preventable causes of these disorders — information that can literally save your life, or the life of someone you love.

Dr. Blaylock has spent thousands of hours studying the medical research on these disorders, and he has developed simple strategies and natural therapies to prevent, treat, and reverse them.

The good news is that memory loss, Alzheimer's/dementia, and Parkinson's DO NOT HAVE TO HAPPEN to you as you grow older.

And during today's presentation, you'll find simple things you can do, RIGHT NOW, to protect your brain, your memory, and your life!

Friday, August 24, 2012

put option early exercise

I will print out and study the attached article that concludes that irrationality might account for investors leaving billions of $ on the table for failing to exercise American put options early. It is a detailed and interesting study worth a careful reading. Amazing that they publish irrationality articles very often --- that was a totally taboo idea 30 years ago. I agree with the practical suggestion that these contracts should be converted to European style options that are easy to value and manage. Nobody has yet solved the analytic American put option Valuation Formula! Why should they trade instruments if they cannot even produce a closed-form formula to calculate what the value of the instrument should be?

If many option buyers pay for the right to early exercise but either cannot or do not take advantage of it as a result of exercise costs, unawareness of appropriate decision rules, inability to continually monitor open positions, or irrationality, would the integrity of the market not be better preserved with stock option contracts that are European-style?

DVD, youtube, books, blog, facebook, twitter, sell to the social network,

Modern computer methods can allow many smaller projects to take off, internationally, cheaply. Just have to have an idea or experience and desire to communicate it.

Creative work is synergistic. By broadcasting to one medium you develop fans who can then discover your work in other media. They may find your blog then buy your DVD. They may find you friend Midshipmen on Facebook and that will help them find your blog, DVD, etc.

You may be able to secure rights for the music free. If not then you should be able to buy rights to the music in return for some percent of royalties. It is not hard to hire musicians to perform music for you -- some will do it for free, especially students, in exchange for credits.

TRAILER: You could do a 5 minute summary of the DVD and upload that to Youtube as an advertisement and introduction, a "trailer". Youtube has many tools for working on videos as listed below. Millions of videos uploaded very day. Authors need lots of tools. A billion people watching? Translation software can help. Old video can be colored or otherwise greatly enhanced. Imax can remaster them into 70MM and onto its huge screens!

BLOG: You can also start a blog, easy. People search blogs for special keywords such as "midshipmen" That could link them to your Youtube ad and the DVD. You could also type up ideas as you think of them, comments on the news, etc. Blogging has been big for over 10 years.

FACEBOOK TWITTER and other social media are also useful to connect to customers, clients, interested parties. Their search engines work better for finding people than does Google search. So many people use them so much that it is hard to connect with some people without using Facebook or Twitter.

BOOKS: Harder but more important is an e-book or paper book. They can be longer than the DVD and much more detailed with footnotes and references. There are many tools for writing books, some of the best decades old. Photographs can be digitally enhanced and restored. All kinds of related topics could be covered. Would be a very useful adjunct to the DVD. Can hire a student to translate it into Korean, etc. Translation software can give a first pass.

WEBSITES: are easy to build and allow people to link to you. Forward people to your blog, DVD, Amazon, Youtube, etc. When somebody sees a good video they may want to find more about the creator, who they are, what they have to say. They can also network together likeminded persons such as the midshipmen.

GAMES: You can also issue certificates of authenticity to video game companies. War is the main theme for video games, and boys are the main customers.

Broadcasting is a full time job for those with a lot of content. But one can do a lesser job if one does not want to spend too much time on it. The hard part is to have the original footage and experience. Then gradually massage it, embellish on it, and spread the message to more and more people.

Create Videos


Vlix - video effects and text

Create great videos by applying video effects and adding text. Select from a variety of effects - fix effects, time altering effects, artistic effects and fun video VlixVideoCreate Video


YouTube Video Editor

The YouTube Video editor lets you make quick edits to your uploaded YouTube videos. You can combine multiple clips, incorporate Creative Commons footage, enhance your YouTubeCreate Video



GoAnimate is a fun app that lets you make animated videos, for free, in just 10 minutes, without having to draw. You can even create your own cast of characters. There GoAnimateCreate Video


Stupeflix Video Maker

Tell a story with your digital content. Mix photos, videos, maps, text, music and watch Stupeflix produce a stunning video in a few seconds. It's easy and free to try: we stupeflixCreate Video



Vibop makes your videos shine with just a few clicks. Add an animated intro, a vintage filter, a cartoon look, a silent movie theme, and dozens of other effects. Brighten VibopCreate Video



WeVideo is a cloud-based video editing platform. Edit movies in your browser, with media files from any device. Combine clips with music, effects, titles, transitions, WeVideoCreate Video


Xtranormal Movie Maker

Xtranormal lets you to turn anything you type into a fully-animated CG movie. Set up your scene, type in your script, and animate it instantly. Easily share something XtranormalCreate Video

Thursday, August 23, 2012

9/11 again? Massive puts on Wall Street

I bought "Strategy of Puts and Calls" by Zaven Dadekian in 1973 at the Harvard Coop bookstore. There are better books nowadays.

Every day the market produces a list of puts with a big increase in volume. And another list of stocks with a big decrease in volume. The same for calls. There are quite a few puts and calls and some days they do not trade at all. On other days volume jumps by factors of 10 or 100 or more for no apparent reason. Theory is some investors study the news and gain insight, figure out stuff, and jump into the market. Or investors could be crazy. Options are small potatoes used to hedge huge underlying markets. It is much cheaper to act on information in the put and call markets than spot markets such as NYSE, NASDAQ, etc.

Further, a short call has almost the same pattern as a long put. Futures can also be shorted. You would have to study what is going on in the puts, calls, futures and the underlying stocks and other derivatives written on the stocks to see if there was any increase in short interest at all. The data he lists could totally be cancelled by activity on related instruments.

Inside knowledge of 9/11 or some other important event would not be detectible among all the noise unless somebody rich made some big trades.... which this article did not indicate. The overall market barely budged so there was no such information. The article should have reported standard deviations for the various stocks and graphed short and long interest over the past few decades. That would put the data he printed out in context.

It is not hard to do a serious study of the data. The methodologies were developed decades ago "event studies". If they are digging around in the data they should at least do it right. This article is probably pump and dump. Writers take a position and tell everybody to buy, then they sell off to them at a profit.

I have no experience with options. The article cited an unusually high number of puts on THOSE specific stocks. Are you saying these options (puts) have already expired, or never existed in the first place?

The Closing of Academia. Al Jazeera Sarah Kendzior

It is worth lecturing at only the top few departments. Most lecturing jobs are a total ripoff and getting worse. Most professor jobs are a waste as well. There are far too many people in the system and not much work is being done. Fault of too much government funding and student debts.

My neighbor is still eating the 6 deer he shot bow-hunting last year -- high in Omega 3 fats. He recently graduated from tuition-free College of the Ozarks with no debt! That's the way colleges should be run.

Because of the recession and more stupider affirmative action
students, colleges are drastically cutting back professor jobs and
giving that money to overpaid administrators who created the mess.
Most classes are taught by adjuncts and poorly prepared teachers who
are a good match the poorly prepared students who will graduate in
debt, ignorant, addicted, sick, and unemployable.

Interesting article by this blogger, a first generation
Polish immigrant from W.U. Saint Louis. Saint Louis has some very
nice rich extremely conservative suburbs west of the river past
Lambert Field airport such as Saint Charles. Lambert was an Olympic silver medalist golfer and president of Lambert Pharmaceutical Corporation which made Listerine and the first person to receive a pilot's license in St. Louis. Lambert bought the field and added hangars and a passenger terminal. Charles Lindbergh's first piloting job was flying airmail from Lambert Field. The Wright brothers visited the field while touring with their aircraft. During a visit to Saint Louis, Theodore Roosevelt on October 11 1910 became the first U.S. president to fly. In 1925, the airport became home to Naval Air Station St. Louis, a Naval Air Reserve facility that became an active-duty installation during World War II. During the war, the
airport became a manufacturing base for McDonnell Aircraft and

I had free tuition and a stipend for all of graduate school.
Washington University Saint Louis – they are much better at funding
graduate students than most places. I entered graduate school in
2006. In 2008, the academic market collapsed and has never recovered.
As this chart points out, academic jobs have been cut by as much as

The closing of American academia

The plight of adjunct professors highlights the end of higher
education as a means to prosperity. 67 per cent of American university faculty are part-time employees on
short-term contracts

It is 2011 and I'm sitting in the Palais des Congres in Montreal,
watching anthropologists talk about structural inequality. I am paying to play: $650 for airfare, $400 for three nights in a "student" hotel, $70 for membership, and $94 for
admission. The latter two fees are student rates. If I were an
unemployed or underemployed scholar, the rates would double.

The theme of this year's meeting is "Traces, Tidemarks and Legacies."
According to the explanation on the American Anthropological
Association website, we live in a time when "the meaning and location
of differences, both intellectually and morally, have been
rearranged". As the conference progresses, I begin to see what they
mean. I am listening to the speaker bemoan the exploitative practices
of the neoliberal model when a friend of mine taps me on the shoulder. "I spent almost my entire salary to be here," she says.

My friend is an adjunct. She has a PhD in anthropology and teaches at
a university, where she is paid $2100 per course. While she is a
professor, she is not a Professor. She is, like 67 per cent of
American university faculty, a part-time employee on a contract that
may or may not be renewed each semester. She receives no benefits or
health care.

According to the Adjunct Project, a crowdsourced website revealing
adjunct wages - data which universities have long kept under wraps -
her salary is about average. If she taught five classes a year, a
typical full-time faculty course load, she would make $10,500, well
below the poverty line. Some adjuncts make more. I have one friend who was offered $5000 per course, but he turned it down and requested less so that his children would still qualify for food stamps.

Why is my friend, a smart woman with no money, spending nearly $2000
to attend a conference she cannot afford? She is looking for a way
out. In America, academic hiring is rigid and seasonal. Each
discipline has a conference, usually held in the fall, where
interviews take place. These interviews can be announced days or even
hours in advance, so most people book beforehand, often to receive no
interviews at all.

The American Anthropological Association tends to hold its meetings in America's most expensive cities, although they do have one
stipulation: "AAA staff responsible for negotiating and administering
annual meeting contracts shall show preference to locales with living
wage ordinances." This rule does not apply, unfortunately, to those in attendance.

Below poverty line

"The adjunct problem is emblematic of broader trends in American
employment: the end of higher education as a means to prosperity, and
the severing of opportunity to all but the most privileged."

Wednesday, August 22, 2012

more gmo soy, Missouri gets $1,000,000,000

I like tofu and lecithin despite the risk that is GMO glyphosate polluted that may be better than other pollution but is still pollution. Looks like Monsanto (a Missouri company) will get a billion dollars.

GMO was groundbreaking and has transformed the landscape of American agriculture. The genetic modification makes crops tolerant to the herbicide glyphosate. Glyphosate (RoundUp) has a much smaller negative environmental impact than other herbicides. In addition glyphosate has allowed for no-till farming that greatly reduces topsoil runoff and energy demands

The judge also confirmed the jury's reasonable royalty damage award of One Billion Dollars $1,000,000,000

The jury trial was held in St. Louis, Missouri. The jury members walked in wearing t-shirts The eight-member jury was attentive as they listened to technical experts explain DNA and problems with the patent.

Tuesday, August 21, 2012

Reiner Kümmel Second Law of Economics: Energy, Entropy, Wealth. Springer Verlag

I skimmed this book in the university library today. Deserves a reading. Important topic. If energy is so important, why are we still importing so much Muslim oil? USA has huge energy resources such as Natural Gas and Coal. Natural gas is much cheaper. Trains are much more energy efficient than oil burning trucks and cars. Horses and bicycles do not need any imported oil or fossil fuels at all! If people walked more they would be healthier.

The Second Law of Economics

Energy, Entropy, and the Origins of Wealth

Reiner Kümmel

Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.


From the reviews: “It is no easy task to write a book that is targeted at a broad audience and merges essential concepts of thermodynamics, statistical physics, and economics. However, theoretical physicist Reiner Kümmel succeeds in doing just that with The Second Law of Economics: Energy, Entropy, and the Origins of Wealth. The book discusses the impact of two fundamental laws of nature—energy conservation and entropy production—on the creation and growth of wealth. The author argues in a clear and simple way that energy conversion is an essential force in wealth creation and a force to be reckoned with in the crafting of economic policy…. “Overall, The Second Law of Economics is accessible and quite enjoyable, in part because of the subtle ironic tone Kümmel uses in some places. He points out that, for an interdisciplinary field like economic thermodynamics, even PhD scientists can make naive observations….Besides physicists and economists, researchers and policymakers concerned with resource conservation and how a society should be economically organized in the future can benefit from The Second Law of Economics. After all, understanding that law now can help us guarantee the prosperity of future generations.”

From the Back Cover

Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.

Monday, August 20, 2012

triathlon Hawaii, sun, coconut, rest, work

I forgot how much I like beaches. I wade in the large lake every day after my 10 mile walk. Seems to provide amazing health benefits -- drains excess electrons from the body and improves foot health. I have not suntanned my feet at all since college and not much ever. Soles are quickly getting thicker and stronger. I can feel the difference. Could sit out there for hours. Should do it year-round like in Hawaii or San Diego. Sunshine is very important to health.

Hawaii provides ample sun, beach walking, and exercise opportunities. Hawaii does not get too hot (cooler than Missouri summers). Survive or thrive on local fresh organic foods such as coconut, macadamia, pineapple, papaya, fish, seaweed, coffee... Supplement by mail-order such as you. Much easier than hunting, gathering, fishing, farming, ranching. 95% of life on earth is under water -- Hawaii being smack in the middle of the biggest body of water! Too bad that Hawaii now imports most of its food while becoming a leading marijuana producer. It even imports stinking dairy products from California Central Valley. Formerly a food exporter, Hawaii can no longer feed itself if SHTF -- totally dependent on cheap Muslim oil to power ships that bring in supplies. Big island Hawaii is low populated and remote if SHTF maybe a good place to be. Also hosts the Ironman World Championship in the Kona coffee growing region, warmer and sunnier than rainy Hilo in the SW.

When one reaches age 65 he has eaten most of what he will have eaten. Can just buy food to allow time to focus on work, exercise, and low stress activities instead of dangerous difficult triathlons that could easily result in death for even young competitors. After seven years of planning, the New York area’s first Ironman triathlon was marred by the death of a 43-year-old male competitor.

Coconut trees thrive in the warm, balmy climate of Hawaii. Coconuts were an important resource for ancient Hawaiians, providing food, liquid and building materials. Coconut fiber was used to lash the warrior's koa wood canoes and the shells were used as the base of the Hawaiian knee drum. Coconut trees grow on all eight of the main Hawaiian islands,

By Dr. Mercola

You're probably aware that in order to absorb all of the extremely healthy fat-soluble nutrients in your food, compounds like lutein, beta-carotene and vitamin E, for instance, you've got to eat them with some fat.

So perhaps you always add olive oil to your salads or eat your veggies with butter to absorb all of those valuable nutrients.

This is a smart health move, but did you know that not all oils are created equal when it comes to nutrient absorption? Some work better than others and can actually enhance the amount of nutrients your body receives from the food you eat.

Coconut Oil is Superior in Enhancing Nutrient Absorption

A new animal study compared the effects of feeding coconut oil (a saturated fat) versus safflower oil (a polyunsaturated fat) on the absorption of carotenoids from tomatoes. Coconut oil enhanced tissue uptake of tomato carotenoids to a greater degree than safflower oil, a benefit the researchers suggested may be due to coconut oil's medium chain fatty acids (MCFAs):1

"These results may have been due to the large proportion of medium chain fatty acids in coconut oil, which might have caused a shift in cholesterol flux to favor extrahepatic carotenoid tissue deposition."

Coconut oil is nature's richest source of healthy MCFAs. By contrast, most common vegetable or seed oils are comprised of long chain fatty acids (LCFAs). There are several reasons why these long-chain fatty acids are not as healthy for you as the MCFAs in coconut oil.

Why Choose an Oil Like Coconut Oil?

In addition to its ability to potentially allow you to absorb more antioxidants and other nutrients from your food, MCFAs are smaller than LCFAs, which means they permeate cell membranes easily, and do not require lipoproteins or special enzymes to be utilized effectively by your body. Further:

  • MCFAs are easily digested, thus putting less strain on your digestive system. This is especially important for those of you with digestive or metabolic concerns.

  • MCFAs are sent directly to your liver, where they are immediately converted into energy rather than being stored as fat.

  • MCFAs in coconut oil can actually help stimulate your body's metabolism, leading to weight loss.

There are numerous studies showing that MCFAs promote weight loss, including one study that showed rats fed LCFAs stored body fat, while rats fed MCFAs reduced body fat and improved insulin sensitivity and glucose tolerance.2 Yet another study found that overweight men who ate a diet rich in MCFAs lost more fat tissue compared to those eating a high-LCFA diet, presumably due to increased energy expenditure and fat oxidation from the MCFA intake. Researchers concluded:3

"Thus, MCTs may be considered as agents that aid in the prevention of obesity or potentially stimulate weight loss."

Coconut oil earns even more "points" because it's rich in lauric acid, which converts in your body to monolaurin – a compound also found in breast milk that strengthens immunity. Caprylic acid, another coconut fatty acid present in smaller amounts, is another antimicrobial component. Plus, using coconut oil as your primary cooking oil is important because it is the only one that is stable enough to resist heat-induced damage. When choosing a coconut oil, make sure you choose an organic coconut oil that is unrefined, unbleached, made without heat processing or chemicals, and does not contain GM ingredients. On the other hand, in the case of LCFA-rich vegetable oils:

  • LCFAs are difficult for your body to break down -- they must be packaged with lipoproteins or carrier proteins and require special enzymes for digestion.

  • LCFAs put more strain on your pancreas, your liver and your entire digestive system.

  • LCFAs are predominantly stored in your body as fat.

  • LCFAs, when oxidized, can both injure and deposit within arteries, contributing to both blood vessel inflammation and plaque build-up.

Polyunsaturated fats, which include common vegetable oils such as corn, soy, safflower, sunflower and canola, are absolutely the worst oils to use in cooking. These omega-6 oils are highly susceptible to heat damage because of their multiple double carbon bonds. If you've been shunning coconut oil because it's a saturated fat, you needn't worry. Saturated fats are actually essential and quite good for you.

Sunday, August 19, 2012

Joplin mosque burns

My point is: why do we spend trillions of dollars to impose a White Jewish state in a Brown Muslim middle east while at the same time allow (encourage?) Brown Muslims to take over White Christian counties in the USA? This increases racial and religious frictions as well as costs a lot of money. Also large movements of populations is bad for the environment. A better idea is to keep the middle easterners in the middle east where they can solve their own problems. This would greatly reduce the dollar leakage from the USA economy. We are also causing global warming by shipping so many soldiers, reporters, diplomats, and drug dealers to and from the middle east. Those injured and traumatized will run up huge medical bills. If we can quit causing so many problems by middle east involvement some or all of the middle east problems may go away or at least we would not waste resources on insolvable problems.

Americans and middle easterners need to leave oil and coal in the ground and get out and walk around and talk to each other instead of building up animosities and burning fossil fuels in cars and planes and starting wars over oil. If we/they were riding horses and camels then the combatants would not be able to swim across the ocean to fight wars with each other. Need to cut government spending in the USA and middle east so that governments will quit wasting money and thereby causing so many problems.

Muslims are dangerous everywhere they interact with other peoples: India, China, Russia, Africa, Europe, USA, Philippines, Malaysia, Israel,... in recent news. Muhammed was a general who spread his religion by force. Jihad is part of their religion.
"A religious war with those who are unbelievers in the mission of Muhammad ... enjoined especially for the purpose of advancing Islam and repelling evil from Muslims."
In contrast, Jesus was peaceful, like Buddha before him

The difference is that the Japanese do not practice a religion which instructs them to hate and kill anyone who does not follow the Muslim belief. I don't recall any stories, ever, of Japanese immigrants murdering their own family members for socializing with American males, becoming too "integrated into the west" or for just simply not following their Muslim beliefs. To talk as if Muslims have been sitting in a cave in Afghanistan growing roses and singing 'round a campfire while the US comes in from the skies raining hell, while a great thing to imagine, is ludicrous. I can admit that our foreign policy is no better and that they have every right to hate us. We screwed them royaly after helping them fight the Russians. There's been a large grudge ever since. I digress.

My point is, while it may sound racist or hate-filled, a majority of Muslim faithed followers hate America, have been taught to since birth, and like the Mexicans, (and now much more rapidly, other immigrants as well) are refusing to assimilate into American culture, and instead wish to influence their own beliefs and criticize the same nation you say so willingly gave them such freedoms like that of religion and speech. You can see why so many patriotic men and women view this as disrespectful, I'm sure. As someone who may even be second generation yourself, to see others immigrate so disrespectfully may even offend you, does it not? If I ever move to another country, I'll learn the language, the culture, and the customs. Not try to force my religion, culture, political views, and customs on their own people... Besides, that's what our government and military is for!

Your racism is showing !
These middle easterners are suppose to be protected by our Constitution (Freedom of Religion) as well as otherwise !
The problem overseas are caused by us ! They normally have no problem, unless Israel/US want and do invade their countries !
Sure they are good fighters when they are defending their holy ground against foreign invaders.
But punishing the US Muslims, because of race, for their brothers overseas for defending their homeland, is showing how ignorant/racist our society still is.
No excuse for living in the mid-west of the USA !
One could also make a case of the ignorance with the Japanese in WW2!

I saw this. They should get the message that we don't need middle easterners in USA white areas. They should go back to the middle east and fix their own problems. We don't need their problems here. We don't need them telling us how to run our country. We got enough problems here already, and more arriving daily. Multiculturalism is not a proven theory.

There must be someone around here who does not like the Muslims....

SHTF get freezer, water tower, electricity Deer Hunting

You can eat fresh fish, rabbit and squirrel without buying a freezer. Just shoot and clean them yourselves on an as-needed basis. Deer, most people take to a butcher / locker house. They can also store it for you until you are ready for it. But to avoid excess trips to the locker, most people need a freezer for deer and other large animals. Freezer also helps with seasonal vegetables and fruits as well as fish, rabbit, hogs, etc. Freezer probably should be solar or windmill powered in case SHTF. Electricity the first utility to go, then no water.

Drill a well in your back yard and pump water into your personal water tower. Gravity can generate your electricity. Without water and electricity your life will be miserable if possible at all. You can last much longer without food than water. You need some electricity for telecommunications to evacuate away from danger, not into it.

It is easy and cheap to fully equip an ocean-going sailboat that can circumnavigate the globe. I had one. They over a ton of lead in the keel that you can replace with gold that nobody could find and steal. I used to pour molten lead in the newspaper business. This video shows how to melt your gold or lead and shape into a sail boat keel:

Would have to hire a butcher I guess, and then buy a big freezer and keep it plugged in. I like venison jerky but it’s so much work to make all that stuff.
You don't need to store food in Missouri. Fresh free food is everywhere: fish, deer,... much better than Fresno cats and rats. Beautiful deer photos and laws:

Can you hit a deer with a pistol? Missouri has an excess of deer due to fewer big cats and wolves. Deer overcrowding causes spread of disease and deer-auto collisions. A small city can pay $140,000 to hire a hunter to shoot excess deer. Branson is trying to figure out how to allow citizens hunt within the city limits without shooting each other and innocent bystanders --- Archery!

2012 Firearms Deer Hunting

· Video

Black Powder Deer Hunt

See how some modern-day deer hunters are turning back the hands of time using black powder.

Date: 08/10/12

Sparks Nevada moviegoer shoots himself in buttocks

Nevada is a zero income tax state and has some advantages for living (I lived on the Nevada side of Lake Tahoe for 5 years) -- healthy, sunny, high altitude. However, the state is libertarian -- founded on vice attracting in the wrong element -- gambling, smoking, prostitution, tourism, restaurants... Cheap illegals and legal peons doing much of the work and crime, drugs.... Look around for the formal homeless encampments -- government tells them where they can live. Many homeless gambling addicts all over. Much of Reno Sparks is seedy but the core is surrounded by some fairly nice residential areas and some very upscale areas for California tax evaders. But all too dry, often big fires, bleak, depressing environment in a bowl that gets smoggy. Also flash floods. I almost bought a condo there right on the river but it was flooded 2 years later. Glad I picked Tahoe instead.

I last went to a movie 1997 in Silicon Valley, "The Titanic." Probably a good idea to get a concealed carry permit and be prepared. Most movies are a waste of time. Can watch at home on DVD while exercising or doing some work.

Thanks. In the AM I was planning on driving to Sparks for the weekend. I will avoid public theaters while there.

The Century 14 movie theaters in downtown Sparks. / RGJ fileA 56-year-old man accidentally shot himself in the buttocks inside the Century 14 movie theaters in downtown Sparks on Tuesday night when a gun he had brought into the cinema discharged, police dispatch said.

No one else was hurt in the theater at 1250 Victorian Ave. when the gun discharged while the unidentified Sparks resident was seeing “The Bourne Legacy,” police said.

Calls reporting shots fired in the theater came in about 8:40 p.m., according to preliminary information.

“Witnesses inside the theater at the time the shot was fired stated that a (man) was adjusting himself in his seat when a gun he had on him discharged,” Sparks police Sgt. Pay Dyer said in statement issued late Tuesday.

The man immediately got up, apologized to those around him and left the theater before police arrived, police said.

He later was found at a Reno hospital where he was being treated for a wound not considered life-threatening.

“The (man) was cooperative with police and admitted that his gun fell out of his pocket and when it hit the floor it discharged,” Dyer said in the police statement.

The man has a valid permit to carry a concealed weapon, Dyer added.

Saturday, August 18, 2012

Deflation, debt, depression USA Japan Greece ...

Japan has much more debt per capita than Greece, Ireland or any of the usual suspects (table below). So Japan is suffering deflation, a strong yen, and a weak economy. Similar to USA, only farther along the road to decline. The lost decade in Japan is becoming the lost two decades. The NYT article below explores this predicament. Do the Japanese have any way out? Will the USA follow in their footsteps? Deflation and a strong dollar are good for retirees and those on fixed incomes. But younger people need to work and sell products abroad so they are struggling and in many cases cannot even find a job or if they do the job does not pay well.

The attached graph shows the US dollar is stronger than it was in 1996 when Bill Clinton was president. Also the attached graphs show that money supply M2 has quintripled since 1983 while GDP gross domestic product has quadrupled and CPI has only tripled. Should Bernanke launch QE3 to prevent a spiral into a deflationary depression? Is he holding back to oust Obama? Will he boost the economy after the election to celebrate a Mitt Romney victory and prove that Republicans can manage the economy better than Democrats?

China also has big fat pensions at age 60 for rich city dwellers but the poor rural people get less than 10% of that. Japan has the world's oldest population and the most retirees. China will soon follow due to their one-child policy. USA has a younger and growing population unless too many Mexicans go back to Mexico. But USA has many problems assimilating its younger growing browner population and many of them are uneducated. USA debt is still expanding. Will USA fall into the same deflationary trap? People can't buy goods if they are spending their income on interest and debt repayments. Or if they cannot find a good job due to the strong dollar and weak exports and imports flooding in, destroying USA manufacturing capabilities.


Increasingly, however, business leaders point to a problem that is at least partly within the government’s power to control: a high yen that has made Japanese products, from televisions to memory chips, prohibitively expensive abroad. In an echo of a debate that raged in the United States in the 1980s, the government faces growing criticism for doing almost nothing to rein in the yen, despite alarm that the record-high currency is dealing crippling blows to the country’s once all-important export machine. SHIZUOKA, Japan — As Japan has ceded dominance in industry after industry that once lifted this nation to economic greatness, there has been plenty of blame to go around. A nuclear disaster that raised energy costs. A lack of entrepreneurship. China’s relatively cheap work force.

One big reason, analysts and some politicians say, is simple, if generally left unsaid: A high yen benefits Japan’s rapidly expanding elderly population, even if it hurts other parts of the country.

By speeding the flood of cheaper imported products into Japan, the strong yen is contributing to deflation, a broader drop in the prices of goods and services that has helped retirees stretch their pensions and savings. The resulting inaction on the yen, according to a growing number of economists and politicians, reflects a new political reality, with already indecisive leaders loath to upset retirees from the baby boom who make up more than a quarter of the population and tend to vote in high numbers.

“Japan’s tolerance of the strong yen and deflation is rooted in a clash of generations,”

Wednesday, August 15, 2012

Social Security ends, crisis, civil war, buy ammo now!

Looks like they will balance the budget by cutting benefits, not inflation. Obama is getting ready to cut Social Security checks so he is stockpiling ammo in preparation for riots and civil unrest that will follow. Will Mrs Obama become the new Marie Antoinette "let them eat broccoli" ? Will Romney give that ammo to retirees? Or is Romney as bad as Obama? Should citizens stock up on ammo and guns? How bad is the next crash going to be? A civil war? On top of a drought and already high violent crimes in some regions?

First it was the Department of Homeland Security, then it was the National Oceanic and Atmospheric Administration, and now the Social Security Administration is set to purchase 174,000 rounds of hollow point bullets that will be delivered to 41 locations across the country.

A solicitation posted by the SSA on the FedBizOpps website asks for contractors to supply 174,000 rounds of “.357 Sig 125 grain bonded jacketed hollow point pistol ammunition.”
An online ammunition retailer describes the bullets as suitable “for peak performance rivaling and sometimes surpassing handloads in many guns,” noting that the ammo is “a great personal defense bullet.”

The synopsis to the solicitation adds that the ammunition is to be shipped to 41 locations within 60 days of purchase. A separate spreadsheet lists those locations, which include the Social Security headquarters in Baltimore, Maryland as well as major cities across the country including Los Angeles, Detroit, Oklahoma City, Dallas, Houston, Atlanta, Denver, Philadelphia, Pittsburgh and Seattle.

Hollow point bullets are designed to expand as they enter the body, causing maximum damage by tearing apart internal organs.

It’s not outlandish to suggest that the Social Security Administration is purchasing the bullets as part of preparations for civil unrest. Social security welfare is estimated to keep around 40 per cent of senior citizens out of poverty. Should the tap run dry in the aftermath of an economic collapse which the Federal Reserve has already told top banks to prepare for, domestic disorder could ensue if people are refused their benefits.

You are under Government Surveillance, cheap Computers, Information Technology

Obama hears everything you say on the phone, everything you click on the internet, everything you buy or sell, everything you say in emails, facebook.... Watching you wherever you go, scans your license plates, your face, fingerprint, DNA... All recorded and can be stored cheaply, forever in the cloud.

The 99% poor pay the taxes and fight the wars. The 1% rich evade responsibility and conspire to maintain control of the government as oligarchs have done for centuries. USA is becoming the communist police state that we thought we defeated 20 years ago.

Government at every level is experimenting with sophisticated surveillance equipment whose capabilities are improving as rapidly as every other kind of electronic technology.

The New York Police Department itself, for example, just last week unveiled a new “domain awareness” system, developed with Microsoft, that links 3,000 cameras, 2,600 radiation detectors and dozens of license plate readers in six locations and mounted on cars. If officers spot a suspicious package in range of a video camera, for example, they will be able to quickly track who put it there. If a terrorist suspect’s tag number is known, the network will scan passing cars to find it.

Not so long ago, even the most aggressive government surveillance had to be selective: the cost of data storage was too high and the capacity too low to keep everything. Not anymore. John Villasenor, an electrical engineer at the University of California, Los Angeles, studied the plummeting cost of computer data storage and reached an astonishing conclusion: It will soon be technically feasible and affordable to record and store everything that can be recorded about what everyone in a country says or does.

And there is plenty of data to store. The average person today leaves an electronic trail unimaginable 20 years ago — visiting Web sites, sending e-mails and text messages, using credit cards, passing before a proliferating network of public and private video cameras and carrying a cellphone that reports a person’s location every minute of the day.

to store the audio from telephone calls made by an average person in the course of a year would require about 3.3 gigabytes and cost just 17 cents to store, a price that is expected to fall to 2 cents by 2015. Tracking a person’s movements for a year, collected from their cellphone, would take so little space as to carry a trivial cost. Storing video takes far more space, but the price is dropping so steadily that storing millions of hours of material will not be a problem soon.

“It’s so cheap that you can afford to throw away 99.9 percent without looking at it,” explores the possibilities in a Brookings paper, “Recording Everything: Digital Storage as an Enabler of Authoritarian

Tuesday, August 14, 2012

volatility and stock returns

Fall weather, nice and cool. Days getting shorter, schools starting. Not many people at the beach. I am thinking about hunting deer with my 357 magnum steel sights. Going to do more fishing too.

I got the new Journal of Finance in the mail yesterday and read over the last article in it below. Professor Tony Lawson of Cambridge University says economists should not use mathematics and they are not very good at mathematics. This paper is a good example of the problem he addresses. 3 authors spent years on it.

Amazing torture of the data to explain the old result that stock returns are higher in companies that have more volatile stock prices. But then in the macro time series, stocks do worse when there is less volatility (when the market is flat). They attributed this to real options theory that uses the Black-Scholes model to explain the higher stock prices of more volatile companies that have more real investment opportunities. They did not mention beta in the entire article.

I believe most of their results are artifacts of their tortured data processing procedures. They do not do any robustness checks, or even check their logic. This is typical of the literature that I have been reading now for over 40 years.

I have just discovered the past month a new way to look at these kinds of problems. Much simpler, pure math relying on convergence. What do these data processing steps produce if there is no pattern to the actual inputs? Study it globally for all possible inputs. This will expose the artifacts generated by the data processing steps.

This work may disappear from the site at any minute now that it is published in paper form for members:

Real Options, Volatility, and Stock Returns



We provide evidence that the positive relation between firm-level stock returns and firm-level return volatility is due to firms’ real options.

Consistent with real option theory, we find that the positive volatility - return relation is much stronger for firms with more real options and that the sensitivity of firm value to changes in volatility declines significantly after firms exercise their real options.

We reconcile the evidence at the aggregate and firm levels by showing that the negative relation at the aggregate level may be due to aggregate market conditions that simultaneously affect both market returns and return volatility.

Monday, August 13, 2012

google mail, Apple Lion v Microsoft Windows, bank declining

I am getting my portable Apple macbook setup. It is amazing how small cheap and powerful computers are getting to be. I can run so much on it: banking, work, phones, music, entertainment, programming, networking.... Great for travelling. The ipod touch is weak and slow but much smaller than the macbook for real portability.

I finally got google mail setup correctly with filters that plop mails into the correct cubby hole so I can process similar mails en masse. I highly recommend google mail ( It can fetch mail from all your old accounts and help you manage them.

Windows 8 is coming out in October but I always wait several months while they debug it. It may be another flop. I will use my macbook for travel. Mountain Lion has been released and in a few months will be debugged. It takes weeks to install, learn, migrate files to new computers or operating systems. I need both Apple and Microsoft although I prefer Linux Unix.

Looks like banking is gradually dwindling away as I predicted. It will not be booming again in my lifetime.

The rewards have been replaced by restrictions and malaise, according to interviews with more than two dozen current and former bankers and traders.

Others say their view of the industry is turning gloomy as bad news piles up. JPMorgan Chase (JPM) is being investigated for trades that caused at least $5.8 billion in losses, Goldman Sachs Group (GS)reported its worst first half since before Lloyd Blankfein became chief executive officer in 2006, and Barclays (BCS) was fined a record £290 million ($450 million) for trying to rig global interest rates.

Banks are facing new regulations designed to prevent another global credit crisis. Limits on proprietary trading, or bets with firms’ own money, and rules requiring them to hold more capital make it more difficult to use borrowed funds to boost returns. As global economic growth slows, clients are refraining from the kinds of deals that power Wall Street profit.

“There’s no sexiness, there’s no fun, there’s no intellectual intrigue, either,”

“A lot of my friends who actually lingered for the last four years are all now getting fired anyway.”

Raise taxes for the rich? Romney escape taxes?

The argument is not about who pays the taxes but what a fair tax rate should be. (Everybody knows if you multiply x% times a big quantity you get more than if multiply x% times a small quantity.)

Should idle millionaires legally be allowed to pay 0% or 1% tax rate while working people are paying 35%? Most would agree that is not fair. USA has over 30 million millionaires. Most have not worked for generations. They live on dividends and capital gains taxed at 0-15% or trust funds. Working people have to pay income tax rates are up to 35%.

The New York east coast liberal establishment is set up that way, and now even Hollywood and San Francisco. They run all the media and buy politicians to keep their low tax rate. That is how millionaires got their low tax rates. They don't have to work so they promote welfare for the poor so that the poor can live the same idle decadent life as the rich. They promote gay rights, abortion, war on Muslims, drugs, the war on drugs, anti-gunner laws, illegal immigration, multiculturalism, affirmative action etc. Occasionally the rich will show up to their non-profit foundations that promote the liberal agenda and do some real work, and help elect liberal politicians. But usually the rich just cause trouble, goof off and hire the poor who get taxed at 35%.

The entire liberal agenda is financed by low tax rates. In contrast, the USA economy grew better back in the 1940s, 1950s, 1960s, when income tax rates were above 70% -- Franklin Roosevelt was right. High taxes would be the cure now -- a 70% income tax rate with no deductions except a standard deduction of $50,000. Income above $50,000 should be taxed at 70% until the national debt is paid off and budgets balanced. High taxes would force the rich to work as their funds dwindle. Zero taxes for the poor earning less than $50,000 would help them pay off their loans as well. High taxes on the few working rich would also deter them from creating risky worthless derivatives because most of their profits will just be taxed away. The rich could start striving toward genuine accomplishment instead of gimmicks.

High taxes on the rich would be the best way to improve the economy and stop creeping liberalism that has been going on for decades.

  • 10%, 15%, 25%, 28%, 33%, and 35%.

  • Capital gain income from assets held longer than one year are generally taxed at a special long-term capital gains rate. The rate that applies depends on which ordinary income tax bracket you fall under.

  • Zero percent rate if your total income (including capital gain income) places you in the ten or fifteen percent tax brackets.

  • 15% rate if your total income (including capital gain income) places you in the twenty-five percent tax bracket or higher.

Joe, crooks will always be around. I am just pointing out the fact that the upper percentiles of the taxed pay almost all the taxes. The meager amounts paid by the bottom 50% do not amount to a hill of beans.

You never want to look at a biased second party's interpretation of data. Always go to the original data. There are also plenty of quality analyses in documents, not web sites, if you want deeper analysis. The tables you present do not even cover sales or property taxes, and they do not note that super-rich that pay no taxes which was the issue addressed by the recent IRS study. Those are the people who are avoiding taxes and paying for the misleading web sites.

There are many sources to see and they all get their info from the IRS. So why do you think they are wrong?

Updated August 10, 2010
The debate over whether to extend former President George W. Bush's tax cuts of 2001 and 2003 beyond their expiration in 2010 reignited scrutiny of the growing tax burden on the wealthiest Americans.

President Barack Obama and most Democrats on Congress favored extending the tax breaks just for the middle class, or families earning less than $250,000. But they were skeptical of keeping the tax cuts in place for the wealthiest age earners.

Their hesitance drew condemnation from many congressional Republicans.

Even former GOP presidential hopeful Fred Thompson got into the act, cutting a TV ad for the League of American Voters.

"Folks, America's economy is struggling, and Congress is about to make it a whole lot worse. Our nation faces a massive, automatic tax increase at the end of this year when the Bush tax cuts expire," Thompson said.

The U.S. Treasury Department estimated that extending just the middle-class tax cuts would cost about $3 trillion over 10 years. Adding tax cuts for the wealthiest Americans would cost roughly another $680 billion, according to the treasury.

Here's a look at individual tax rates and shares by income in 2007, the most recent data available from the Internal Revenue Service:

  • The top 1 percent: Americans who earned an adjusted gross income of $410,096 or more accounted for 22.8 percent of all wages. But they paid 40.4 percent of total reported income taxes, an increase from 39.9 percent in 2006, according to the IRS.

  • The top 5 percent: Americans who earned $160,041 or more accounted for 37.4 percent of all wages in 2007. But they paid 60.6 percent of the country's total reported income taxes, up from 60.1 percent a year earlier.

  • The top 10 percent: Americans who earned at least $113,018 paid 71.2 percent of the nation's income taxes, up from 70.8 percent a year earlier.

  • The top 25 percent: Americans who earned at least $66,532 paid 86.6 percent of the nation's income taxes, up from 86.3 percent a year earlier.

  • The top 50 percent: Americans who earned at least $32,879 paid 97.1 percent of the nation's income taxes, up from 97 percent a year earlier.

  • The bottom 50 percent: Americans who earned less than $32,879 paid 2.9 percent of the nation's income taxes, down from 3 percent a year earlier.

An important side note: While the tax burden on this country's largest wage-earners has continued to grow since the Bush tax cuts were passed, the impact has been substantially muted.

The income gains made by the wealthiest Americans far outpaced that for the remaining workers, according to an analysis conducted for the Washington-based Center on Budget and Policy Priorities

In fact, two-thirds of the nation's total income gains from 2002 to 2007 flowed to the top 1 percent of households, the 2009 analysis of IRS data by economists Thomas Piketty and Emmanuel Saez showed.

That top 1 percent held a larger share of income in 2007 than at any time since 1928, their analysis found.

Also See:

Related Articles

NTU does not collect data, they just talk about data. They are a lobbying group paid for by the rich to deceive people. The internet is filled by such web sites and google bing search engines drive idiots to those sites.

Joe, are you sure you are right about who pays taxes? This is the most recent data I found quickly.

Who Pays Income Taxes and How Much?

Tax Year 2009

Percentiles Ranked by AGIAGI Threshold on PercentilesPercentage of Federal Personal Income Tax Paid
Top 1%$343,92736.73
Top 5%$154,64358.66
Top 10%$112,12470.47
Top 25%$66,19387.30
Top 50%$32,39697.75
Bottom 50%<$32,3962.25
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

Authoritative data indicates that rich people can avoid taxes. As I learned in accounting decades ago. And I know some rich who practice such techniques. They can avoid more than the article below describes, but this is a good source of data.

Should non-working rich people get to pay lower taxes than Teachers, Police, Firemen, Soldiers, retirees, welfare recipients... Or even working rich people get to enjoy low tax rates? Is this fair?


the Internal Revenue Service released data from the 400 individual income tax returns reporting the highest adjusted gross income. This elite ultrarich group earned on average $202 million in 2009, the latest year available. And buried in the data is the startling disclosure that six of the 400 paid no federal income tax.

The I.R.S. has never before disclosed that last fact.

27 paid from zero to 10 percent of their adjusted gross incomes and

89 paid between 10 and 15 percent, which is close to the 13.9 percent rate that Mr. Romney disclosed that he paid in 2010. Mr. Romney, with reported 2010 income of $21.7 million, does not make enough to qualify for membership in this select group of 400.