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Demeter

(85,373 posts)
Fri Oct 11, 2013, 06:13 PM Oct 2013

Weekend Economists Shake the Foundation October 11-13, 2013

These are earth-shattering, world-quaking times we endure, in the nicest Autumn since 1975...
but I'm thinking specifically of Isaac Asimov, who founded several alternate worlds of wonder and adventure, while simultaneously exploring this one.




I first met Asimov through his science fiction, which led to his non-fiction, then his "other" fiction, which led to his appearance at the NYC AG. I was a fan girl before the term existed. We were soul mates.


People who think they know everything are a great annoyance to those of us who do.
Isaac Asimov

The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom.
Isaac Asimov

The most exciting phrase to hear in science, the one that heralds new discoveries, is not 'Eureka!' but 'That's funny...'
Isaac Asimov

Life is pleasant. Death is peaceful. It's the transition that's troublesome.
Isaac Asimov

Violence is the last refuge of the incompetent.
Isaac Asimov


http://www.brainyquote.com/quotes/authors/i/isaac_asimov.html

I don't think we'll run out of topic, this weekend...(but first, I must run off to lose money at Euchre...)

Have at it, Weekenders!




65 replies = new reply since forum marked as read
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Weekend Economists Shake the Foundation October 11-13, 2013 (Original Post) Demeter Oct 2013 OP
NO banks down---the FDIC is shutdown, I'll wager Demeter Oct 2013 #1
"The Ravings of Niall Ferguson..." bread_and_roses Oct 2013 #2
Wizards of the dismal science arguing who's got the better incantation. westerebus Oct 2013 #34
Good one! And Do these people think about what they say means? bread_and_roses Oct 2013 #50
MAYBE RELATED TO THIS? Demeter Oct 2013 #56
I work with several folks that are seventy plus. westerebus Oct 2013 #58
"Subsidizing Economic Inequality" bread_and_roses Oct 2013 #3
Asimov's Three Laws of Robotics bread_and_roses Oct 2013 #4
"in the nicest Autumn since 1975... " - ominous "Vintage Season" bread_and_roses Oct 2013 #5
Meet a Certified Genius! Demeter Oct 2013 #6
Rather than devoting the rest of my weekend to posting nuggets of Asimov Demeter Oct 2013 #7
Emerging Market Macro Misery Is Back At Post-Crisis Highs xchrom Oct 2013 #8
Here's Who We Owe That $17 Trillion Of Government Debt To{large image} xchrom Oct 2013 #9
China Exports Unexpectedly Drop xchrom Oct 2013 #10
Where Even the Middle Class Can't Afford to Live Any More xchrom Oct 2013 #11
Three million Spaniards now live in dire poverty, says Cáritas xchrom Oct 2013 #12
Business forum sees Spanish labor costs falling further xchrom Oct 2013 #13
Unproductive Spain xchrom Oct 2013 #14
Friend & Lover - "Reach Out of The Darkness" (1968) xchrom Oct 2013 #15
Too late to turn back now - Cornelius Bros and Sister Rose xchrom Oct 2013 #16
Isaac Asimov’s 1964 Predictions About 2014 Are Frighteningly Accurate Demeter Oct 2013 #17
Republicans offer new plan to WH: House Republicans plan Saturday meeting; Senators work on own Demeter Oct 2013 #18
White House says debt ceiling deal cannot be tied to budget talks Demeter Oct 2013 #21
White House Talks Over, Boehner Says; Senate Blocks Debt Bill Demeter Oct 2013 #35
GOP Filibusters Debt Limit Hike As Anxieties Flare Over Default Demeter Oct 2013 #42
Here's Who Profits If the Government Defaults —By Erika Eichelberger Demeter Oct 2013 #43
Stuck on Usual Quarrel: Raising New Revenue By JACKIE CALMES Demeter Oct 2013 #36
Obama sets stage for frantic budget talks Demeter Oct 2013 #37
What a sinister joke this government plays at.. westerebus Oct 2013 #41
Social Security raise details delayed Demeter Oct 2013 #19
10 cities most threatened by natural disasters Demeter Oct 2013 #20
The Great Migration of the 21st Century Demeter Oct 2013 #38
Fed defends ongoing stimulus, admits communications blips Demeter Oct 2013 #22
Whistleblower Suit Confirms that the New York Fed is in the Goldman Protection Racket Demeter Oct 2013 #27
Welcome to Commonomics: How to Build Local Economies Strong Enough for Everyone Demeter Oct 2013 #23
Economic Update: Uneven Development, Part 1 Demeter Oct 2013 #24
Meet the Opposite of Monsanto -- These Are the Folks That Really Feed the World Demeter Oct 2013 #26
This looks really interesting bread_and_roses Oct 2013 #51
INTERVIEW WITH ASIMOV Demeter Oct 2013 #25
Detroit's Managerial Milestones posted by Melissa Jacoby Demeter Oct 2013 #28
Lavabit’s Levison’s Really Bad Call (THIS IS A LEGAL THREAD, FYI) Demeter Oct 2013 #29
Well, Reality is Waiting---Impatiently Demeter Oct 2013 #30
Financial Regulator Shutdown, Halts Investigations of Wall Street Crimes HOW CONVENIENT! Demeter Oct 2013 #31
Reports are coming in across the state of Ohio Saturday that food stamp machines are not working Demeter Oct 2013 #32
Nuclear Regulatory Commission furloughs 90 percent of workforce Demeter Oct 2013 #44
Last Friday some thing dumped (sold) 2million onces of gold in to the market. westerebus Oct 2013 #45
WAS IT REAL GOLD, OR WAS IT PAPER? Demeter Oct 2013 #48
Isn't it always paper in that quantity? westerebus Oct 2013 #49
‘Dutch sandwich’ grows as Google shifts €8.8bn to Bermuda Demeter Oct 2013 #33
President Obama’s Dream Journal by Ethan Kuperberg (IS IT SATIRE, OR IS IT MEMOREX?) Demeter Oct 2013 #39
Conservative trucker protest fizzles UPDATE AND FOLLOW THROUGH ON PREV. POST Demeter Oct 2013 #40
Hilarious (n/t) bread_and_roses Oct 2013 #52
Wall Street Whistleblower Awarded $14 Million as a Result of Dodd-Frank Act MARK KARLIN Demeter Oct 2013 #46
Snowden Accepts Whistleblower Award By Ray McGovern Demeter Oct 2013 #47
"Chemical Corporations Tremble at Kauai's Unwavering Determination" bread_and_roses Oct 2013 #53
Some families left out in the cold by Obamacare Demeter Oct 2013 #54
Jefferson County, Ala., Seeks to ChangeDebt Pact Demeter Oct 2013 #55
America's Toilet Turnaround Demeter Oct 2013 #57
SOCIAL SECURITY RAISE TO BE AMONG LOWEST IN YEARS xchrom Oct 2013 #59
HOPE REMAINS FOR GLOBAL RECOVERY BEYOND US IMPASSE xchrom Oct 2013 #60
CHINA REPORTS UNEXPECTED DROP IN SEPTEMBER EXPORTS xchrom Oct 2013 #61
ASIMOV'S OTHER FOUNDATION: PSYCHOHISTORY Demeter Oct 2013 #62
Thank you all for indulging me with your attention as I ride several hobby horses here Demeter Oct 2013 #63
Holy moly! Is this true about the networks for PPACA? antigop Oct 2013 #64
I was just reading that Demeter Oct 2013 #65

bread_and_roses

(6,335 posts)
2. "The Ravings of Niall Ferguson..."
Fri Oct 11, 2013, 09:38 PM
Oct 2013
http://www.commondreams.org/view/2013/10/11-0

Published on Friday, October 11, 2013 by Beat the Press / CEPR
The Ravings of Niall Ferguson, the Real World, and the Needless Suffering of Tens of Millions
by Dean Baker

... What matters is the underlying issues of economic policy. These affect the lives of billions of people. The absurdities pushed by Ferguson and like-minded people in positions of power, in direct defiance of massive evidence to the contrary, have ruined millions of lives and cost the world more than $10 trillion in lost output since the crisis began.

First, contrary to what Ferguson claims, the downturn is not primarily a “financial crisis.” The story of the downturn is a simple story of a collapsed housing bubble. The $8 trillion housing bubble was driving demand in the U.S. economy in the last decade until it collapsed in 2007. When the bubble burst we lost more than 4 percentage points of GDP worth of demand due to a plunge in residential construction. We lost roughly the same amount of demand due to a falloff in consumption associated with the disappearance of $8 trillion in housing wealth. (FWIW, none of this was a surprise to folks who follow the economy with their eyes open. I warned of this disaster beginning in 2002, see also here and here.)

...In the years since the original stimulus the Ferguson types have repeatedly raised absurd fears about the U.S. and other countries hitting debt limits and risking soaring interest rates and hyper-inflation. The result of people pushing this line is that efforts to boost the economy have been stunted. This is why the United States remains close to 9 million jobs below its trend path...

... This story is not only devastating for the current generation of workers; it is also having a devastating impact on their children. There are millions of children having impaired childhoods because their unemployed parent(s) cannot properly care for them. (Bizarrely, Ferguson and his ilk are obsessed with deficit projections for 20 and 30 years out, which are entirely due to our broken health care system, as the worst threat facing our children.)

The horrible plight facing so many people in the United States and Europe is especially infuriating because it is so preventable. We know how to get people back to work – Keynes taught us the answer almost 80 years ago. We just need to spend money. Keynes was shown right in the Great Depression

bread_and_roses

(6,335 posts)
50. Good one! And Do these people think about what they say means?
Sat Oct 12, 2013, 06:59 PM
Oct 2013

I am not a fan of any of them - even of Krugman, who is too mainstream for a radical like me. But Ferguson does seem to be among the worst. Of course, on NPR this eve I heard some woman - oddly, I can't find this segment on the website - anyway, some woman with an accent (British?) saying how the US does not have a debt problem but that SS, MA, the needs of the aging population, are "unsustainable in the long term."

Do these people think about what they say means? Turning 63 this year, I am in that "aging population." So what are we to do, Ms. So-and-so? Go without any income at all (for many SS is their only income)? Go without health care? Beg for our supper? Die? Taken out in the forest and left?

Sure - we're unsustainable when our Corporate Overlords get off scott free on the tax front, and get massive subsidies, and we have to maintain a military capable of wiping out every other military on earth combined ...etc. So I guess we can just crawl off in a hole somewhere.

 

Demeter

(85,373 posts)
56. MAYBE RELATED TO THIS?
Sat Oct 12, 2013, 07:56 PM
Oct 2013
Welfare Isn’t Too Generous—Wages Are Too Low

http://www.epi.org/blog/



NPR recently published a story http://www.npr.org/blogs/money/2013/10/10/229126568/is-welfare-a-rational-alternative-to-work Is Welfare 'A Rational Alternative To Work'? that gives undue credence to a Cato Institute study lamenting the generosity of US safety net programs. In reality, welfare benefits are not nearly as generous or accessible as the study claims. The NPR piece provides useful stories from actual welfare recipients, whose experiences more faithfully represent reality. An important part of Cato’s assertion is that these programs offer a higher level of income than do many low-wage jobs. The real problem here is that wages for the vast majority of Americans are too low, and haven’t kept up with the increased productivity of the labor force.

When the study was first released, we pointed out some of the problems with their analysis. Here’s a quick summary of why their study was so misleading:

The Cato Institute recently released a wildly misleading report by Michael Tanner and Charles Hughes, which essentially claims that what low-wage workers and their families can expect to receive from “welfare” dwarfs the wages they can expect from working. Using state-level figures, their paper implies that single mothers with two children are living pretty well relying just on government assistance, with Cato’s “total welfare benefit package” ranging from $16,984 in Mississippi to $49,175 in Hawaii. They then calculate the pretax wage equivalents in annual and hourly terms and compare them to the median salaries in each state and to the official federal poverty level. Tanner and Hughes find that welfare benefits exceed what a minimum wage job would provide in 35 states, and suggest that welfare pays more than the salary for a first year teacher or the starting wage for a secretary in many states.

So what makes this so misleading?

For one, Tanner and Hughes make the assumption that these families receive simultaneous assistance from all of the following programs: Temporary Assistance for Needy Families (TANF), Supplement Nutrition Assistance Program (SNAP), Medicaid, Housing Assistance Payments, Low Income Home Energy Assistance Program (LIHEAP), Women, Infants, and Children Program (WIC), and The Emergency Food Assistance Program (TEFAP). It is this simultaneous assistance from multiple sources that lets the entire “welfare benefits package” identified by Cato add up to serious money. But it’s absurd to assume that someone would receive every one of these benefits, simultaneously, and it ignores the fact that some programs have time limits.

What’s more, their report carries the clear implication that welfare is (or should be expected to be) pulling low-wage workers out of the labor market by making life on welfare so attractive. In actuality, many low-income working families receive assistance through these programs. Sharon Parrott and LaDonna Pavetti at the Center on Budget and Policy Priorities provide some solid evidence against some of the claims made by Tanner and Hughes. They provide detailed statistics on how little overlap there is in the assistance families receive for multiple programs, and how few eligible families actually receive any benefits at all.

What’s striking to me is that even Cato’s overblown and exaggerated welfare benefits would leave families in eight states with incomes below the federal poverty line. I’d add that it’s a bit odd to look at hypothetical data, when real data on what low income families actually receive from welfare and work is available. The Congressional Budget Office provides comprehensive data on sources of income for households by income fifths. We looked at this in some detail in the poverty chapter of State of Working America (see here). These reputable data tell a very different story about how low-wage workers live their lives. They are getting far less from government assistance than the Cato report implies and are relying much more on income gained from working. In 2009, average transfer income for the lowest fifth of workers was $4,633 and average labor income was $12,871. (To be comparable with the Cato report, I’m not including Medicare and Social Security income.) Two things are clear here: government transfers are far less than what Tanner and Hughes claim, and labor income far exceeds government transfers for the lowest income group, meaning that real-world low-income families don’t feel so coddled by lavish welfare benefits that they don’t need to work.

Tanner and Hughes are not telling a realistic story about the lives of low income Americans and the income provided to them by transfer programs. Where they have a point is how poorly work pays for too many American families, particularly low-wage workers. If they want to insure that work pays well for single mothers with two kids, it would seem more worthwhile to push for increases in the minimum wage and affordable child care. Cato’s view instead seems to be that since work alone is failing to provide secure living standards for many Americans, we should take away other sources of income from them, too.

westerebus

(2,976 posts)
58. I work with several folks that are seventy plus.
Sun Oct 13, 2013, 04:12 AM
Oct 2013

One is seventy seven. She had a heart attack this past year, recovered and is back at work. I asked why did you come back? She said she's was not about to sit on her ass and wait to die.

Another person lost most of his retirement when the market crashed, he's seventy two.

I'm looking to stay active and intend to keep working for as long as I can. I retired at 48 and went back to work six months later. I don't play golf. I don't drink. Fishing is for people who don't like to read. I haven't seen Paris, Rome or Madrid yet. And the note on the house will be paid off in three or four years. So I will keep on keeping on.

And I agree. They make less sense the more they speak. Mainly because they are speaking to each other and each has a book to sell.

bread_and_roses

(6,335 posts)
3. "Subsidizing Economic Inequality"
Fri Oct 11, 2013, 09:42 PM
Oct 2013
http://www.commondreams.org/view/2013/10/10-0

Published on Thursday, October 10, 2013 by OtherWords
Subsidizing Economic Inequality
by Sam Pizzigati

Today, more than ever, we need to refocus the federal “tax and spend” debate from deficits to inequality. Two researchers from the New York think tank Demos are trying. They’ve released a new report that homes in on the no-man’s-land between the public and private sector that has left hundreds of thousands of Americans poor and a lucky few fabulously rich.

Those janitors who clean Smithsonian museums? Those cooks at military bases? Those programmers writing software for Medicare? More and more of the workers who keep our government running work for private contractors.

And many of these workers, note Demos analysts Robert Hiltonsmith and Amy Traub, don’t make much at all in the way of compensation. About 560,000 Americans employed by contractors have jobs that pay $12 an hour or less.

Meanwhile, the executives who run these companies are doing quite well — thanks to our tax dollars. The federal government reimburses private firms for up to $763,039 of the executive compensation they lay out, a figure that will shortly rise to $950,000 under the formula current federal law sets out.

bread_and_roses

(6,335 posts)
4. Asimov's Three Laws of Robotics
Fri Oct 11, 2013, 10:21 PM
Oct 2013

Among Isamov's most brilliant - and most fundamental to future Sci Fi - of constructs.

http://en.wikipedia.org/wiki/Three_Laws_of_Robotics

The Three Laws of Robotics (often shortened to The Three Laws or Three Laws) are a set of rules devised by the science fiction author Isaac Asimov. The rules were introduced in his 1942 short story "Runaround", although they had been foreshadowed in a few earlier stories. The Three Laws are:

A robot may not injure a human being or, through inaction, allow a human being to come to harm.
A robot must obey the orders given to it by human beings, except where such orders would conflict with the First Law.
A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.

These form an organizing principle and unifying theme for Asimov's robotic-based fiction, appearing in his Robot series, the stories linked to it, and his Lucky Starr series of young-adult fiction. The Laws are incorporated into almost all of the positronic robots appearing in his fiction, and cannot be bypassed, being intended as a safety feature. Many of Asimov's robot-focused stories involve robots behaving in unusual and counter-intuitive ways as an unintended consequence of how the robot applies the Three Laws to the situation in which it finds itself. Other authors working in Asimov's fictional universe have adopted them and references, often parodic, appear throughout science fiction as well as in other genres.

The original laws have been altered and elaborated on by Asimov and other authors. Asimov himself made slight modifications to the first three in various books and short stories to further develop how robots would interact with humans and each other. In later fiction where robots had taken responsibility for government of whole planets and human civilizations, Asimov also added a fourth, or zeroth law, to precede the others:

0. A robot may not harm humanity, or, by inaction, allow humanity to come to harm.

The Three Laws, and the zeroth, have pervaded science fiction and are referred to in many books, films, and other media.


Asimov and his Three Laws were among the first of the Sci Fi I read, and left an indelible impression. They have a brilliant conciseness. However, I can see issues with the zeroith, with which I was not familiar - not having read much Sci Fi for a good many years now. Asimov, of course, being very brilliant, played with the laws and their ambiguities in many stories, as did other Sci Fi authors.

The Three Laws are - in my experience at least - known at least cursorily to most well-read people, whether they read Sci Fi - including Asimov - or not.

That's quite an accomplishment.



bread_and_roses

(6,335 posts)
5. "in the nicest Autumn since 1975... " - ominous "Vintage Season"
Fri Oct 11, 2013, 11:28 PM
Oct 2013

ominous to me at least, because the reference Asimov leads me to connect other Sci Fi to our weekend compendium ...

There's a very famous Sci-Fi story by Henry Kuttner and C.L. Moore titled "Vintage Season." Time-travelers from the future come back to enjoy a "vintage" season that preceded a great catastrophe, just as they had traveled back to enjoy other spectacles or in this case seasons (an autumn in medieval Canterbury for one) that were in some an apogee of some kind of perfection.

It is a quite remarkable and wonderful story, I think. But your reference to "the nicest autumn" gave me a shudder, since the May of the story was the most beautiful "in civilized history ..." and as I said, it was given poignancy by the travelers knowledge of a great catastrophe to follow.

Given our times ...

 

Demeter

(85,373 posts)
6. Meet a Certified Genius!
Fri Oct 11, 2013, 11:41 PM
Oct 2013

Isaac Asimov ( born Isaak Yudovich Ozimov; Russian: Исаак Юдович Озимов; c. January 2, 1920– April 6, 1992) was an American author and professor of biochemistry at Boston University, best known for his works of science fiction and for his popular science books. Asimov was one of the most prolific writers of all time, having written or edited more than 500 books and an estimated 90,000 letters and postcards. His books have been published in nine out of ten major categories of the Dewey Decimal Classification.

Asimov is widely considered a master of hard science fiction and, along with Robert A. Heinlein and Arthur C. Clarke, he was considered one of the "Big Three" science fiction writers during his lifetime. Asimov's most famous work is the Foundation Series; his other major series are the Galactic Empire series and the Robot series. The Galactic Empire novels are explicitly set in earlier history of the same fictional universe as the Foundation Series. Later, beginning with Foundation's Edge, he linked this distant future to the Robot and Spacer stories, creating a unified "future history" for his stories much like those pioneered by Robert A. Heinlein and previously produced by Cordwainer Smith and Poul Anderson. He wrote hundreds of short stories, including the social science fiction "Nightfall", which in 1964 was voted by the Science Fiction Writers of America the best short science fiction story of all time. Asimov wrote the Lucky Starr series of juvenile science-fiction novels using the pen name Paul French.

The prolific Asimov also wrote mysteries and fantasy, as well as much nonfiction. Most of his popular science books explain scientific concepts in a historical way, going as far back as possible to a time when the science in question was at its simplest stage. He often provides nationalities, birth dates, and death dates for the scientists he mentions, as well as etymologies and pronunciation guides for technical terms. Examples include Guide to Science, the three volume set Understanding Physics, Asimov's Chronology of Science and Discovery, as well as works on astronomy, mathematics, the Bible, William Shakespeare's writing and chemistry.

Asimov was a long-time member and vice president of Mensa International, albeit reluctantly; he described some members of that organization as "brain-proud and aggressive about their IQs". He took more joy in being president of the American Humanist Association. The asteroid 5020 Asimov, a crater on the planet Mars, a Brooklyn, New York elementary school, and a literary award are named in his honor.

Asimov was born between October 4, 1919 and January 2, 1920 in Petrovichi in the Russian Soviet Federative Socialist Republic (near the modern border with Belarus) to Anna Rachel (Berman) Asimov and Judah Asimov, a family of Jewish millers. While his exact date of birth is uncertain, Asimov himself celebrated it on January 2.

The family name derives from a word for winter crops which his great-grandfather dealt, to which a patronymic suffix was added. This word is spelled 'озимые' in Russian, and 'азімыя' in Belorussian. Accordingly, his name originally was Исаак Озимов in Russian and Ісак Азімаў in Belorussian; however he was later known in Russia as Ayzek Azimov (Айзек Азимов , a Russian Cyrillic adaptation of the American English pronunciation.

Asimov had two younger siblings; a sister, Marcia (born Manya, June 17, 1922 – April 2, 2011), and a brother, Stanley (July 25, 1929 – August 16, 1995), who was vice-president of New York Newsday.

His family emigrated to the United States when he was three years old. Since his parents always spoke Yiddish and English with him, he never learned Russian. Growing up in Brooklyn, New York City, Asimov taught himself to read at the age of five and remained fluent in Yiddish as well as English. Asimov wrote of his father, "My father, for all his education as an Orthodox Jew, was not Orthodox in his heart", and "he didn't recite the myriad prayers prescribed for every action, and he never made any attempt to teach them to me."

His parents owned a succession of candy stores, and everyone in the family was expected to work in them. He became a naturalized U.S. Citizen in 1928 at the age of eight.

Education and career

Asimov began reading science fiction pulp magazines at a young age. His father, as a matter of principle, forbade reading the pulps, as he considered them to be trash, but Asimov persuaded him that the science fiction magazines had "Science" in the title, so they were educational. Around the age of eleven, he began to write his own stories, and by age nineteen—after he discovered science fiction fandom—he was selling stories to the science fiction magazines. John W. Campbell, then editor of Astounding Science Fiction, had a strong formative influence on Asimov and eventually became a personal friend.

Asimov attended New York City public schools, including Boys High School in Brooklyn. Graduating at 15, he went on to Seth Low Junior College, a branch of Columbia University in Brooklyn designed to absorb some of the Jewish and Italian-American students who applied to Columbia College, then the institution's primary undergraduate school for men with quotas on the number of admissions from those ethnic groups. Originally a zoology major, Asimov changed his subject to chemistry after his first semester as he disapproved of "dissecting an alley cat". After Seth Low Junior College closed in 1938, Asimov finished his BS degree at University Extension (later the Columbia University School of General Studies) in 1939. When he failed to secure admission to medical school, he applied to the graduate program in chemistry at Columbia; initially rejected and then only accepted on a probationary basis, Asimov completed his MA in chemistry in 1941 and earned a PhD in biochemistry in 1948. In between, he spent three years during World War II working as a civilian at the Philadelphia Navy Yard's Naval Air Experimental Station. After the war ended, he was drafted into the U.S. Army, serving for almost nine months before receiving an honorable discharge. In the course of his brief military career, he rose to the rank of corporal on the basis of his typing skills, and narrowly avoided participating in the 1946 atomic bomb tests at Bikini Atoll.

After completing his doctorate, Asimov joined the faculty of the Boston University School of Medicine, with which he remained associated thereafter. From 1958, this was in a non-teaching capacity, as he turned to writing full-time (his writing income had already exceeded his academic salary). Being tenured, he retained the title of associate professor, and in 1979 the university honored his writing by promoting him to full professor of biochemistry. Asimov's personal papers from 1965 onward are archived at the university's Mugar Memorial Library, to which he donated them at the request of curator Howard Gottlieb. The collection fills 464 boxes, or seventy-one meters of shelf space.

Personal life


Asimov married Gertrude Blugerman (1917, Canada–1990, Boston) on July 26, 1942. They had two children, David (b. 1951) and Robyn Joan (b. 1955). In 1970 they separated and Asimov moved back to New York, this time to Manhattan, where he lived for the rest of his life. He immediately began seeing Janet O. Jeppson, and married her two weeks after his divorce from Gertrude in 1973.

Asimov was a claustrophile: he enjoyed small, enclosed spaces. In the third volume of his autobiography, he recalls a childhood desire to own a magazine stand in a New York City Subway station, within which he could enclose himself and listen to the rumble of passing trains while reading.

Asimov was afraid of flying, only doing so twice in his entire life (once in the course of his work at the Naval Air Experimental Station, and once returning home from the army base in Oahu in 1946) Consequently, he seldom traveled great distances. This phobia influenced several of his fiction works, such as the Wendell Urth mystery stories and the Robot novels featuring Elijah Baley. In his later years, he found he enjoyed traveling on cruise ships, and on several occasions he became part of the cruises' "entertainment", giving science-themed talks on ships such as the RMS Queen Elizabeth 2.

Asimov was an able public speaker and was a frequent fixture at science fiction conventions, where he was friendly and approachable. He patiently answered tens of thousands of questions and other mail with postcards, and was pleased to give autographs. He was of medium height, stocky, with mutton chop whiskers and a distinct New York accent. His physical dexterity was very poor. He never learned to swim or ride a bicycle; however, he did learn to drive a car after he moved to Boston. In his humor book Asimov Laughs Again, he describes Boston driving as "anarchy on wheels".

Asimov's wide interests included his participation in his later years in organizations devoted to the comic operas of Gilbert and Sullivan and in The Wolfe Pack, a group of devotees of the Nero Wolfe mysteries written by Rex Stout. Many of his short stories mention or quote Gilbert and Sullivan. He was a prominent member of the Baker Street Irregulars, the leading Sherlock Holmes society having been admitted after writing an essay arguing that Professor Moriarty's work "The Dynamics of An Asteroid" involved the wilful destruction of an ancient civilized planet. (This was alluded to in the 2011 film Sherlock Holmes: A Game of Shadows when Holmes (Robert Downey Jr.) asks Moriarty (Jared Harris) to autograph this work, after which Moriarty asks after the health of "the Good Doctor"; a double-entendre meaning both Dr. Watson and Isaac Asimov, whose nickname it was.) He was also a member of the all-male literary banqueting club the Trap Door Spiders, which served as the basis of his fictional group of mystery solvers the Black Widowers.

In 1984, the American Humanist Association (AHA) named him the Humanist of the Year. He was one of the signers of the Humanist Manifesto. From 1985 until his death in 1992, he served as president of the AHA, an honorary appointment; his successor was his friend and fellow writer Kurt Vonnegut. He was also a close friend of Star Trek creator Gene Roddenberry, and earned a screen credit on Star Trek: The Motion Picture for advice he gave during production (generally, confirming to Paramount Pictures that Roddenberry's ideas were legitimate science-fictional extrapolation).

Asimov was a founding member of the Committee for the Scientific Investigation of Claims of the Paranormal (CSICOP), now known as the Committee for Skeptical Inquiry (CSI). The organization lists him as a fellow.

Illness and death

Asimov suffered a heart attack in 1977, and had triple bypass surgery in December 1983. When he died in New York City on April 6, 1992, his brother Stanley reported heart and kidney failure as the cause of death. He was survived by his second wife, Janet, and his children from his first marriage. Ten years after his death, Janet Asimov's edition of Asimov's autobiography, It's Been a Good Life, revealed that the myocardial and renal complications were the result of an infection by HIV, which he had contracted from a blood transfusion received during his bypass operation. Janet Asimov wrote in the epilogue of It's Been a Good Life that Asimov's doctors advised him against going public, warning that the anti-AIDS prejudice would likely extend to his family members. Asimov's family considered disclosing his condition just after his death, but the controversy that erupted the same year when Arthur Ashe announced his own HIV infection (also contracted from a blood transfusion during heart surgery) convinced them otherwise. Ten years later, after most of Asimov's doctors had died, Janet and Robyn Asimov agreed that the HIV story should be made public.

 

Demeter

(85,373 posts)
7. Rather than devoting the rest of my weekend to posting nuggets of Asimov
Sat Oct 12, 2013, 12:07 AM
Oct 2013

I will recommend the following links:

http://en.wikipedia.org/wiki/Isaac_Asimov

http://www.asimovonline.com/asimov_home_page.html

http://www.brainyquote.com/quotes/authors/i/isaac_asimov.html

And we'll be back Saturday with more science fiction, science fact, and economics, politics and other useless imaginations....

xchrom

(108,903 posts)
8. Emerging Market Macro Misery Is Back At Post-Crisis Highs
Sat Oct 12, 2013, 05:32 AM
Oct 2013
http://www.businessinsider.com/emerging-market-macro-misery-is-back-at-post-crisis-highs-2013-10

Based on inflation, unemployment, growth weakness, and cost of capital, Goldman notes that emerging market's "macro-misery" indices have pushed back to post-financial-crisis highs.

It is hardly a surprise that macroeconomic hardship is surging since in the 15 years since the EM sovereign bonds have been liquid, levels remain extremely elevated, despite the mainstream-media's relegation of the problem.

As Bank of Mexico's Agustin Carstens warns, "we cannot rule out the event that some advanced economies run into deeper trouble again... the world economy is still in a fragile situation."



Read more: http://www.zerohedge.com/news/2013-10-11/emerging-market-macro-misery-back-post-crisis-highs#ixzz2hUyZ69lC

xchrom

(108,903 posts)
9. Here's Who We Owe That $17 Trillion Of Government Debt To{large image}
Sat Oct 12, 2013, 06:09 AM
Oct 2013
http://www.businessinsider.com/who-we-owe-federal-debt-to-2013-10



Some observations:

We owe most of the money to ourselves.
We owe a big chunk of the money — about $6 trillion — to the Federal government. So if there ever were a default (hopefully there won't be) the government would also be stiffing itself.
We owe about $5 trillion to other countries, including China.
The total debt to China is only $1.3 trillion. So we're not in hock to China as much as some people think we are.
Yes, it's a boatload of debt. But the experience of Japan, the U.S. after World War 2, and other countries, suggests that it's a manageable amount, as long as we eventually get our long-term entitlement spending under control.


Read more: http://www.businessinsider.com/who-we-owe-federal-debt-to-2013-10#ixzz2hV7vhkBi

xchrom

(108,903 posts)
10. China Exports Unexpectedly Drop
Sat Oct 12, 2013, 06:19 AM
Oct 2013
http://www.bloomberg.com/news/2013-10-12/china-sept-exports-unexpectedly-drop-0-3-as-imports-gain.html

China’s exports unexpectedly fell in September, signaling constraints from global demand and highlighting distortions from fake invoices that have yet to be eliminated from trade data.

Overseas shipments dropped 0.3 percent from a year earlier, the General Administration of Customs said in Beijing today, trailing all 46 estimates in a Bloomberg News survey that had a median projection for a 5.5 percent gain. The trade slowdown resulted from a high basis of comparison with last year, the agency said in a statement.

Today’s report may add to Premier Li Keqiang’s challenges in defending the government’s 7.5 percent expansion goal for this year. The International Monetary Fund cut its global growth outlook this week as capital outflows further weaken emerging markets and warned that a U.S. government default could “seriously damage” the world economy.

“It’s all quite murky,” said Shen Jianguang, Hong Kong-based chief Asia economist at Mizuho Securities Asia Ltd., citing the impact of inflated export data that started late last year, fewer working days due to the timing of the Mid-Autumn Festival holiday and currency volatility in Southeast Asia.

xchrom

(108,903 posts)
11. Where Even the Middle Class Can't Afford to Live Any More
Sat Oct 12, 2013, 06:57 AM
Oct 2013
http://www.theatlanticcities.com/housing/2013/10/where-even-middle-class-cant-afford-live-any-more/7194/




High-cost cities tend to have higher median incomes, which leads to the simple heuristic that, sure, it's costlier to live in San Francisco than in Akron, but the people who pay bills there make enough money that they can afford it.

In reality, yes, the median household income in metropolitan San Francisco is higher than it is in Akron (by about $30,000). But that smaller income will buy you much, much more in Ohio. To be more specific, if you make the median income in Akron – a good proxy for a spot in the local middle class – 86 percent of the homes on the market there this month are likely within your budget.

If you're middle-class in San Francisco, on the other hand, that figure is just 14 percent. Your money will buy you no more than 1,000 square feet on average. That property likely isn't located where you'd like to live. And the options available to you on the market are even fewer than they were just a year ago, according to data crunched by Trulia. To frame this another way, the median income in metro San Francisco is about 60 percent higher than it is in Akron. But the median for-sale housing price per square foot today is about 700 percent higher.

The gulf between those two numbers means that the most expensive U.S. cities aren't just unaffordable for the average American middle-class family; they're unaffordable to the relatively well-off middle class by local standards, too.

xchrom

(108,903 posts)
12. Three million Spaniards now live in dire poverty, says Cáritas
Sat Oct 12, 2013, 07:56 AM
Oct 2013
http://elpais.com/elpais/2013/10/10/inenglish/1381424373_719547.html

After five years of crisis, more than three million Spaniards are now living in dire poverty, as defined by monthly income of under 307 euros, according to a report by charity organization Cáritas.

Cáritas’ Living Conditions Survey, which is included in the organization’s Social Reality Observatory for 2012, shows that the percentage of the population now living below the breadline has almost doubled from 3.5 percent in 2007 to 6.4 percent last year.

The Catholic charity speaks of a “second wave of poverty and social exclusion,” exacerbated by the government’s austerity drive and spending cuts, accompanied by continued high and prolonged unemployment with increasing numbers of jobless no longer entitled to state benefits.”

“An alternative social policy is possible. One of our proposals is to establish a basic income,” the secretary general of Cáritas España, Sebastián Mora, told a news conference on Thursday. Referring to the government’s increasing confidence that the economy is starting to improve, Mora said: “What could happen is that we emerge from the tunnel leaving millions of people in the dark. We could have a very strong economy alongside people who can’t get ahead.”

xchrom

(108,903 posts)
13. Business forum sees Spanish labor costs falling further
Sat Oct 12, 2013, 08:00 AM
Oct 2013
http://elpais.com/elpais/2013/10/10/inenglish/1381420670_758159.html

The Business Council for Competitiveness, a forum that groups together the 15 biggest companies in Spain, on Thursday predicted that Spanish unit labor costs — the labor cost per unit of output — are set to fall 1.5 percent over the course of this year and the next, compared with an average rise in comparable countries such as Germany, France and Italy of 2.9 percent.

The forecast included in a report issued Thursday came a day after Finance Minister Cristóbal Montoro — in defiance of official figures saying the contrary — stated in Congress that wages in Spain are not going down.

“Salaries are not falling, they’re only moderating their growth,” Montoro said. “It’s not the same to fall as to moderately grow.”

Businessman Josep Piqué, a former Cabinet colleague of Montoro in the conservative Popular Party government of Prime Minister Jose María Aznar, also naysaid the finance minister on Thursday.

While expressing his “personal and professional admiration” for Montoro, Piqué, who was recently named deputy chairman and chief executive officer of Spanish builder OHL, said it was “obvious” that real wages (after taking into account the impact of inflation) have been falling in Spain for years.

xchrom

(108,903 posts)
14. Unproductive Spain
Sat Oct 12, 2013, 08:04 AM
Oct 2013
http://elpais.com/elpais/2013/10/07/inenglish/1381153109_592827.html

The question of productivity has never been seriously addressed in Spain - not when the economy was miraculously booming and not even now when the country is facing record levels of unemployment, a lack of public funds, and financial markets still prone to hitting the panic button. The need to improve productivity is constantly mentioned in speeches and articles, and efforts are made to analyze it, but this key element of competitiveness is among Europe's worst, and Spain's businesses have little idea, other than reducing wages yet further, on how to improve it.

"Productivity is very important, but people don't find the topic sexy," says Diego Comín from Harvard Business School. In 2008, that was the answer given to him by Spain's secretary of state for the economy, David Vergara, when he was asked why the issue was so rarely discussed, even though it is clear that this is the Spanish economy's biggest problem - even beyond the property crash and the financial crisis. "We asked business people about it," he explains, "and they would say that when things started to go well again, low productivity wouldn't stop them growing."

Something different is happening in Spain compared to other developed economies: its productivity figures improve during periods of decline. There is, however, a "but" - the improvement comes about due to the destruction of jobs, not by improving production processes or by increasing the value of the goods produced. Productivity by hours worked improved by around two percent in Spain between 2008 and 2012, while in the rest of the euro zone it grew by just 0.56 percent. The trend is the inverse of the previous period of growth. But the gap still remains: Spain's 31.50 euros per hour of value creation is a long way from the 37.30 euros in the rest of the single currency area.

Creating efficiency by creating greater value from resources rather than destroying them is a task that the euro zone's fourth-largest economy still has to tackle. The variable known as Total Factor Productivity (TFP) does not rely on increasing work hours or physical capital. Although the numbers can change depending on the methodology, given that this means adding up heterogeneous concepts, the trend is obstinate, and it even worsened during the boom years. Between 2000 and 2005, productivity shrank by 0.8 percent on average, according to the calculations by economists Juan José Dolado and Samuel Bentolilla. The Valencian Institute of Economic Research (IVIE), says that between 2005 and 2009, productivity fell slightly, recovering only in 2010, largely driven by the fall in hours worked.
 

Demeter

(85,373 posts)
17. Isaac Asimov’s 1964 Predictions About 2014 Are Frighteningly Accurate
Sat Oct 12, 2013, 09:45 AM
Oct 2013
http://www.buzzfeed.com/charliewarzel/isaac-asimovs-1964-prediction-of-2014-is-frighteningly-accur

In 1964, famed science fiction writer Isaac Asimov ventured a guess at what you might find if you set foot inside the 2014 World’s Fair. Using his gift for envisioning future technology, Asimov’s predictions from 50 years out are both stunningly accurate and perhaps a little bit depressing. Here’s a look at what he got right.

“One thought that occurs to me is that men will continue to withdraw from nature in order to create an environment that will suit them better.”

“Kitchen units will be devised that will prepare ‘automeals,’ heating water and converting it to coffee.”

“Complete lunches and dinners, with the food semiprepared, will be stored in the freezer until ready for processing.”

“The appliances of 2014 will have no electric cords, of course.”

“Much effort will be put into the designing of vehicles with ‘Robot-brains.’”

“There will be increasing emphasis on transportation that makes the least possible contact with the surface.”

“By 2014, only unmanned ships will have landed on Mars, though a manned expedition will be in the works and in the 2014 Futurama will show a model of an elaborate Martian colony.”

“For short-range travel, moving sidewalks (with benches on either side, standing room in the center) will be making their appearance in downtown sections.”

“In 2014, there is every likelihood that the world population will be 6,500,000,000 and the population of the United States will be 350,000,000.”



“Synchronous satellites, hovering in space will make it possible for you to direct-dial any spot on earth.”

“Communications will become sight-sound and you will see as well as hear the person you telephone.”

“In fact, one popular exhibit at the 2014 World’s Fair will be such a 3-D TV, built life-size, in which ballet performances will be seen.”

“Part of the General Electric exhibit today consists of a school of the future in which such present realities as closed-circuit TV and programmed tapes aid the teaching process.”

“Robots will neither be common nor very good in 2014, but they will be in existence.”

“The world of A.D. 2014 will have few routine jobs that cannot be done better by some machine than by any human being. Mankind will therefore have become largely a race of machine tenders.”

“Even so, mankind will suffer badly from the disease of boredom.”

“The lucky few who can be involved in creative work of any sort will be the true elite of mankind, for they alone will do more than serve a machine.”

“Indeed, the most somber speculation I can make about A.D. 2014 is that in a society of enforced leisure, the most glorious single word in the vocabulary will have become work!”

It’s worth noting that, while quite impressive, Asimov didn’t get everything right. 2014 will most surely come and go without “jets of compressed air [that] will lift land vehicles off the highways.” He also predicted that the entire East Coast from Boston to Washington would merge into one large mega city, which seems unlikely at this point in time. But perhaps the most telling (and disheartening) is Asimov’s inaccurate notion that we’d even have a World’s Fair in 2014. But still, pretty good!

UNFORTUNATELY, ASIMOV WAS ASSUMING GROWING EQUALITY OF WEALTH...WHICH HAS BEEN TOTALLY SABOTAGED AT PRESENT....BUT I LIVE IN HOPE THAT WHAT GOES AROUND, WILL COME AROUND, AND KARMA WILL BALANCE THE SCALES.
 

Demeter

(85,373 posts)
18. Republicans offer new plan to WH: House Republicans plan Saturday meeting; Senators work on own
Sat Oct 12, 2013, 09:50 AM
Oct 2013
http://www.marketwatch.com/story/republicans-offer-new-plan-to-white-house-2013-10-11

In a sign of progress in Washington’s fiscal standoff, House Republicans are proposing a new deal to the White House on raising the debt limit and re-opening the government. The proposal would avert default and end the government shutdown in exchange for budget talks where Republicans would seek cuts to the Social Security and Medicare programs.

Separately, Senate Republicans are working on a proposal by Sen. Susan Collins of Maine that would keep the government open for as long as six months and give agencies flexibility to decide how to operate with less funding.

Talks between the White House and Republicans continued Friday. House Speaker John Boehner and President Barack Obama spoke by phone Friday afternoon, said spokesmen for the Ohio Republican and the president.

“They agreed that we should all keep talking,” said Boehner spokesman Michael Steel.

White House press secretary Jay Carney said Obama had “some concerns” about the House proposal. But he described the talks as “constructive.”

“The president appreciates the approach the speaker and others have taken,” Carney told reporters.

The House Republican conference is planning to gather for an unusual Saturday-morning meeting, an aide said. That meeting is set for 9 a.m. Eastern time...
 

Demeter

(85,373 posts)
21. White House says debt ceiling deal cannot be tied to budget talks
Sat Oct 12, 2013, 10:05 AM
Oct 2013
http://news.yahoo.com/white-house-says-debt-ceiling-deal-cannot-tied-202745763--business.html

The White House said a Republican proposal that would lift the debt ceiling but link that with budget negotiations would not be acceptable because it could again put the country on the verge of default in six weeks, spokesman Jay Carney told reporters on Friday.

"A debt ceiling increase at only six weeks tied to budget negotiations would put us right back where we are today in just six weeks, on the verge of Thanksgiving and the obviously important shopping season leading up to the holidays," Carney said.

"We should not link the threat of default to budget negotiations," Carney said.


JUST KEEP OBAMA FROM GIVING AWAY THE COUNTRY, FELLAS...DON'T LET HIM BE IN CHARGE OF "COMPROMISES"
 

Demeter

(85,373 posts)
35. White House Talks Over, Boehner Says; Senate Blocks Debt Bill
Sat Oct 12, 2013, 03:47 PM
Oct 2013
http://www.npr.org/blogs/thetwo-way/2013/10/12/232708206/white-house-talks-over-boehner-says-senate-blocks-debt-bill?ft=1&f=1001

Negotiations between the White House and Republicans in the House ended with President Obama rejecting the GOP plan Friday night, according to reports emerging from a closed meeting held by House Speaker John Boehner this morning.

The talks had focused on ways to end the government shutdown that is now in its 12th day and to raise the federal debt limit, something the Treasury says must happen by Oct. 17 to avoid a potential default.

As it seeks its own solution to the crisis, the Senate blocked a bill backed by Democrats Saturday that would have raised the borrowing limit through 2014.

Attention then turned to Sen. Susan Collins, the Maine Republican who has been working to craft a potential compromise solution. After the vote, senators could be seen flocking around her chair on the Senate floor. Collins is expected to speak about her plan in the early afternoon Saturday.

From Capitol Hill, NPR's David Welna reports for our Newscast unit:

"House Republicans met privately this morning, hours after President Obama rejected their plan to extend the debt ceiling for six weeks and start talks on reopening the government. Kansas Republican Tim Huelskamp blames Obama for the shutdown.

"'We're waiting for the president actually to make an offer. He has not. Just sitting around waiting doesn't get the job done,' he said.


"Meanwhile in the Senate, Majority leader Harry Reid chided his GOP colleagues.

"The Republicans are not interested, it appears at this stage, of doing anything constructive to extend the debt ceiling, to open the government. Later — it's what they always say."

Citing a congressional aide, Reuters reports that Reid and his counterpart in the Senate, Republican leader Mitch McConnell, met for about an hour on Saturday, at McConnell's request.
 

Demeter

(85,373 posts)
42. GOP Filibusters Debt Limit Hike As Anxieties Flare Over Default
Sat Oct 12, 2013, 04:53 PM
Oct 2013
http://talkingpointsmemo.com/dc/gop-filibusters-debt-limit-hike-as-anxieties-flare-over-default



Senate Republicans blocked a debt ceiling extension from advancing on Saturday, bringing the country one step closer to a catastrophic debt default.

The motion to proceed to the Democrats' bill received 53 votes in favor and 45 against, falling short of the 60 needed to begin debate. Every Republican senator voted to filibuster it. The bill would have raised the debt limit until the end of 2014 with no policy add-ons.

"A few extremist Republicans ... too radical to compromise, could force a default on the nation's financial obligations for the first time ever," said Senate Majority Leader Harry Reid (D-NV). "What I see staring us in the face is not a pleasant picture."

After rejecting a House GOP proposal, Reid shot down an offer by Sen. Susan Collins (R-ME) to resolve the impasse, and has initiated talks with Minority Leader Mitch McConnell (R-KY). Reid, McConnell, Sen. Chuck Schumer (D-NY) and Sen. Lamar Alexander (R-TN) met Saturday morning to begin new discussions, according to a source familiar with the matter...

MORE BUSINESS AS USUAL AT LINK
 

Demeter

(85,373 posts)
43. Here's Who Profits If the Government Defaults —By Erika Eichelberger
Sat Oct 12, 2013, 05:00 PM
Oct 2013
http://www.motherjones.com/mojo/2013/10/who-would-benefit-government-default

If House Republicans don't agree to raise the nation's debt ceiling and a default ensues, the economic effects would be "catastrophic," in the words of Treasury Secretary Jack Lew. The nation's borrowing costs would spike, as would interest rates for average Americans, and the stock market would plummet. But not everyone will lose if a default causes an economic catastrophe. Here's who could profit from a financial calamity:

1. Short sellers: Most folks invest in stocks and bonds hoping the value of their investments will increase. But there's also money to be made by short selling—betting that the value of a stock or bond will drop. Short selling is an investment strategy that's typically employed by sophisticated investors and financial firms, but technically anyone can do it. Investors who bet that the value of US Treasury securities will dip would likely profit. Because a default could cause the US stock market to crash, shorting almost any US stock could make you money. In fact, you can even invest in specific mutual funds that specialize in short selling. "It's a very powerful and disillusioning feeling to know that smart rich people can make money even when America goes over Niagara Falls in a barrel," says Jeff Connaughton, a former investment banker and White House lawyer during the Clinton administration.

2. Investors in gold and silver: Gold and silver typically rise in value when when the stock market is volatile, because they hold their value better than paper money or other assets. The price of both metals rose this week as default fears heightened.

3. Bitcoin investors (maybe): The value of this untraceable virtual currency has tracked closely with gold over the past year, suggesting that it could serve as a more stable investment during a financial crisis.

4. Currency traders: Traders who bet that the US dollar will decrease in value relative to foreign currencies stand to profit off of a US government default.

5. Pawn shops: If the effects of a default are catastrophic, stocks will plummet, pension funds could dry up, credit card interest rates will rise, and jobs will be lost. Though credit markets may freeze up, as they did in the wake of the 2008 meltdown, pawn shops ought to do well, as they did following the last crisis.

6. Bankruptcy lawyers: See above.

7. Mortgage servicers: Mortgage rates typically rise and fall along with Treasury rates. If a default causes a spike in interest rates, home owners could see their monthly mortgage bills soar, causing some homeowners to default on their loans and wind up in foreclosure. You'd think this would be bad news for all parties involved—families, lenders, investors, mortgage servicers. But the latter actually turn a good profit by foreclosing on people; investors take the losses, while servicers make back all the money they're owed in a foreclosure sale, plus all sorts of fees borrowers have to pay on their delinquent loans.

8. The canned and freeze-dried food industries: Doomsday preppers are already getting ready for the collapse of civilization that could result from a financial meltdown by stocking up on pork and beans and freeze-dried meals.
 

Demeter

(85,373 posts)
36. Stuck on Usual Quarrel: Raising New Revenue By JACKIE CALMES
Sat Oct 12, 2013, 03:56 PM
Oct 2013
http://www.nytimes.com/2013/10/13/us/politics/hopes-of-a-grand-bargain-are-still-stuck-on-revenue.html



WASHINGTON — Be skeptical. Be very, very skeptical.

That was the reaction from nearly all corners to the talk of convening yet another round of bipartisan negotiations to reduce the nation’s long-term debt. The idea has resurfaced as a way of resolving the standoff between President Obama and the Republican-controlled House over reopening the government and increasing its legal borrowing limit, perhaps for months or even just weeks. But even if the current talks soon resolve the immediate impasse, which did not look likely on Saturday, any renewal of negotiations for a long-term fiscal plan will run into the same underlying problem that has doomed efforts for the past three years. Republicans refuse to raise additional tax revenue, and until they do, Mr. Obama will not support even his own tentative proposals for reducing spending on fast-growing social benefit programs, chiefly Medicare. During a White House meeting with Senate Republicans on Friday, he reiterated that the two go hand in hand, according to people who were there.

WELL, AS LONG AS HE HOLDS TO THAT PRINCIPLE...IT'S A GOOD ONE

“Revenue remains obviously the biggest stumbling block,” said Ed Lorenzen, the executive director of the Moment of Truth Project, a fiscal advocacy group formed by the chairmen of Mr. Obama’s failed 2010 fiscal commission, Erskine B. Bowles, a former chief of staff for President Bill Clinton, and Alan K. Simpson, a former Senate Republican leader from Wyoming. Brian Gardner, a senior vice president in Washington of the investment firm Keefe, Bruyette & Woods, said: “We’ve been through this fight before. I’m very skeptical on the grand bargain.”

Yet Speaker John A. Boehner, who only a week ago again ruled out raising taxes, is demanding as part of a short-term deal that he and Mr. Obama return to the bargaining table for a deficit-reduction blueprint covering many years and ultimately saving trillions of dollars.
While that prospect has cheered budget watchers in both parties, even they know the discouraging history of such negotiations. In the three years since Republicans won control of the House, there have been five bipartisan efforts to design a long-term debt-reduction plan, two of them between Mr. Obama and Mr. Boehner. All collapsed. The most recent effort, between the White House and some Republican senators, died this summer.

Yet there is some broad common ground, which is why the idea of talks keeps surfacing. Both sides recognize that the United States must confront the rising costs of the benefit programs, especially Medicare and Medicaid but also Social Security. Those are driving projections that the mounting debt will become unsustainable after 2016, as more baby boomers begin drawing on benefits and health care costs rise...

SURE, BLAME THE BOOMERS....AGAIN....NOT THE BANKSTERS OR THE FED WHO HAVE BEEN DEBASING THE CURRENCY WHILE EVADING TAXES BY HOOK OR CROOK, JUST SO THEY CAN AMASS MORE MONEY THAN ANY FAMILY COULD EVER USE IN AN ETERNITY, WHICH WILL LEAD TO A TOTAL CURRENCY COLLAPSE AND LOSE THEM EVERYTHING THEY STOLE....

On the Republican side, a senior Congressional aide who declined to be identified while the parties were trying to break the impasse, said flatly: “We’re never going to have a grand bargain with this president, I think that is safe to say. Ever.”

ALL RIGHT THEN! OPEN THE GOVT., PAY THE BILLS, CANCEL THE DEBT CEILING, AND TAX THE RICH!
 

Demeter

(85,373 posts)
37. Obama sets stage for frantic budget talks
Sat Oct 12, 2013, 03:59 PM
Oct 2013
http://www.ft.com/intl/cms/s/0/43e6c284-329a-11e3-91d2-00144feab7de.html?siteedition=intl


....Eleven days into a partial government shutdown, and days before the country hits its statutory borrowing limit, Republican demands that the president cut funding for or delay his signature healthcare law now appear to be off the table.

The changes being considered include trimming health benefits for wealthier elderly Americans, cutting a medical devices tax and easing the across-the-board cuts in spending forced on defence and other departments in a previous budget accord...



IT'S NOT WORTH THE CANDLE, IS IT?

westerebus

(2,976 posts)
41. What a sinister joke this government plays at..
Sat Oct 12, 2013, 04:50 PM
Oct 2013

when on one side of the table, the lords of the manor argues with the board of directors seated on other side of the table as to who they will consume first, themselves being excluded.

The tragedy occurs when those who claim their side is not only righteous, but, sincere.

It is in the realm of cowardice that women and children are held hostage.

Medieval to send men to war for glory's sake.

And here and now.

We have to hope that change will arrive in time.

Should Justice be an angry god and if its wrath did visit their House, who would complain?

Neither widows. Nor orphans. Nor dead men.

Nor I.

 

Demeter

(85,373 posts)
19. Social Security raise details delayed
Sat Oct 12, 2013, 09:54 AM
Oct 2013
http://blogs.marketwatch.com/encore/2013/10/11/social-securitys-annual-raise-put-on-hold/

It may not quite be adding insult to injury, but it’s certainly adding annoyance to anxiety. Social Security recipients are already fretting about whether a debt-ceiling impasse could harm their benefits. Now, due to the ongoing federal shutdown, they’ll also have to wait to find out the size of their annual cost-of-living adjustment, or COLA, for 2014.

Stephen Ohlemacher of the Associated Press put the pieces together in a story earlier this week. Because of the budget deadlock, the Department of Labor has been unable to tabulate or publish many of the key economic reports it produces, including the monthly unemployment report. Yesterday, the department announced that it wouldn’t be able to publish the Consumer Price Index for September, the most widely used indicator of inflation, which was due to come out on Oct. 16. No alternative publishing date was set, and it’s assumed that no report will be produced until the shutdown ends. But as Ohlemacher notes, the government is required to use official inflation statistics for July, August and September to calculate the next year’s COLA. So no September report, no COLA announcement.

The COLA is already a point of contention for many retirement advocacy groups, who argue that the basic inflation rate doesn’t adequately reflect the real cost of living for older Americans (especially the fast-rising cost of medical care). Social Security’s COLA for 2013 was 1.7%; in 2010 and 2011, retirees got no raise at all. (Separately, the Congressional Budget Office has estimated that the COLA for 2014 will be 1.5%.)

There’s also a not-insignificant chance that any eventual budget deal in Washington will incorporate a proposal to base Social Security raises on “chained CPI,” an alternative method of calculating inflation that would make the annual increases even smaller. The takeaway: Get ready to hear from some angry pensioners as budget talks continue.
 

Demeter

(85,373 posts)
20. 10 cities most threatened by natural disasters
Sat Oct 12, 2013, 10:02 AM
Oct 2013
http://www.marketwatch.com/story/10-cities-most-threatened-by-natural-disasters-2013-10-11



For the first time in human history more people live in cities than in rural areas. The U. N. expects 6.3 billion people, or 68% of the world’s population, to be living in urban areas by 2050, with the highest increase occurring in high-growth markets. Many of these cities are located on the coast, including three in Japan, left, and are threatened by floods, storms, earthquakes and other natural hazards. A recent report by The Swiss Re Group, a wholesale provider of reinsurance and insurance, focuses on the most severe natural disasters confronting 616 of the world’s largest urban areas and assesses the potential impact they have on local residents and the wider economy. The five main perils are river flood, earthquake, storm surge, tsunami and wind storms. This list ranks the cities base on the number of people potentially affected by all five perils.

These are the 10 cities most threatened by natural disasters.


10. Tehran, Iran Number of people potentially affected: 15.6 million

9. Los Angeles Number of people potentially affected: 16.4 million

8. Shanghai Number of people potentially affected: 16.7 million

7. Kolkata, India Number of people potentially affected: 17.9 million

6. Nagoya, Japan Number of people potentially affected: 22.9 million

5. Jakarta, Indonesia Number of people potentially affected: 27.7 million

4. Osaka-Kobe, Japan Number of people potentially affected: 32.1 million

3. Pearl River Delta, China Number of people potentially affected: 34.5 million

2. Manila, Philippines Number of people potentially affected: 34.6 million

1. Tokyo-Yokohama Number of people potentially affected: 57.1 million


AND THEN, THERE ARE THAT MAN-MADE DISASTERS...LIKE FUKUSHIMA AND OTHER NUKES ON FAULT LINES...AND ECONOMIC DISASTERS.....










 

Demeter

(85,373 posts)
38. The Great Migration of the 21st Century
Sat Oct 12, 2013, 04:13 PM
Oct 2013
http://rick.bookstaber.com/2012/12/the-great-migration-of-21st-century_10.html


One lesson we should keep in mind as we recover in the aftermath of Sandy is that we are slow learners. Although the vulnerability of many of these communities is undeniable, we have resolved to rebuild the homes. That resolve will no doubt weaken if the region is revisited by similar disasters, and those displaced will be forced to move on. If climate change is at the root, that will happen. There will be a crescendo of such disasters, replaying thousands of times in populated areas across the globe. Hurricane Sandy thus has given us a glimpse into what will be the dominant theme of the twenty first century: forced migration.

Historically, migration has been driven by need, such as a disparity in economic situation, or because the migrating group reached the limits of the land given population growth. The migration may be into uncontested, virgin land; what is referred to as wave migration. Or it may be migration into other populated areas, which can lead to a new elite displacing the existing elite, to changes in status and a redistribution of wealth, but with the two societies existing side by side. A third type of migration, prominent in the barbarian period in the first millennium CE, is not based on economic need or population constraints, but on a nomadic culture pillaging the riches of the lands they invade. The first two are demand-pull, the third is supply-push.

I can envision any of these migration models playing out in the next century. Gradual migration and assimilation, or a gradual replacement of the indigenous population with a new elite, or one of invasion and warfare. Or wave migration; less likely but particularly interesting because the very effects of climate change will open up new, previously uninhabitable land even as flood and drought make other land uninhabitable. The plot of James Bond's “A View to a Kill” comes to mind; there the villain planned to trigger a massive earthquake that would plunge most of the California coastline into the sea, turning his holdings of inland desert into new, prime oceanfront real estate. Climate change and rising sea levels replaces the earthquake and villain with an alternative plot...

FASCINATING SUMMARY OF THE FALL OF ROME TO VANDALS AND THEIR ILK...REMINDS ME OF BANKSTERS, ACTUALLY...


Anyone who lived through the life cycle of the baby boom knows two things about demographics. First, demographic cycles are slow but inexorable. And second, perhaps because they move so slowly, they are often ignored. It was obvious with the emergence of the baby boom post-World War II that over the course of the next five to ten years there would be a tidal wave of bodies coming into elementary schools, and that in ten to fifteen years that tidal wave would hit high schools, then colleges, then the housing market. Yet we lived through split sessions because schools were not built to accommodate this boom, even though there was more than adequate lead time. (And many of the schools that did get built then were torn down once the baby boomers move past school age, just in time to miss the next demographic wave – the children of the baby boomers).

Climate change will progress at an even slower, imperceptible pace. And unlike demographics, where the changes in birthrates are undeniable, climate change exists in a cloud of uncertainty. Not only do some question its existence, but even those who take it as a given cannot clearly project its course. The point is that we miss even the obvious risks if they move slowly enough, and the realities and effect of climate change remain less than obvious. And there are few risks that are as slow moving but substantial as those associated with climate change. The frog in the pot is the operative analogy...

THE COMMENTS THAT FOLLOW ARE ALSO WORTH YOUR TIME--SEE LINK!
 

Demeter

(85,373 posts)
22. Fed defends ongoing stimulus, admits communications blips
Sat Oct 12, 2013, 10:10 AM
Oct 2013
http://news.yahoo.com/fed-defends-ongoing-stimulus-admits-communications-blips-194801628--business.html

Top Federal Reserve officials said on Friday their decision not to reduce the pace of stimulus was wise given the crippling U.S. government shutdown, while admitting some recent troubles in getting their policy message across. Fed Board Governor Jerome Powell said the central bank will maintain its ultra-easy monetary policy for quite a while longer, regardless of what decision it takes on when to change the level of its monthly bond buying campaign.

"What matters is the overall stance of policy, not the pace of asset purchases," Powell said.

"In all likelihood, policy will remain highly accommodative for quite a while longer - as long as needed to support an economy that still struggles to shake off the lingering effects of the financial crisis," he told the Institute of International Finance.


Eric Rosengren, the Boston Fed's dovish president, defended the U.S. central bank's decision to not scale back its pace of monetary stimulus, citing economic data and looming fiscal risks, although he admitted that the Fed may have fumbled its message...The vote last month to hold steady on buying bonds at a monthly pace of $85 billion came as a big surprise to markets, sparking volatility and muddying market views about the outlook for interest rates in a way that policymakers had not intended...Still, Rosengren, who is a voter this year on the policy-setting Federal Open Market Committee, saw flaws in the way central bankers communicated their message...Rosengren added that U.S. economic growth in the fourth quarter will likely take a hit from the government shutdown caused by fighting among U.S. lawmakers over the budget and a raising of the debt ceiling.

"We might have had a better outcome by the fourth quarter if we hadn't had this self-induced shock," he said.


Powell said the decision to stand pat had been a "close call" for him, echoing remarks by other members of the 19-member FOMC, adding that he would have been comfortable with a small reduction in bond purchases.

"However ... there were legitimate concerns about the strength of incoming economic data, the economic effects of tighter financial conditions and of tighter fiscal policy, and the prospect for disruptive events on the fiscal front," he said.


Powell said the Fed had been vindicated by the subsequent uncertainty created by budget gridlock in Washington.

"Events since the September meeting suggest that the concerns regarding fiscal matters were well founded," he said.



YES, YES, CONGRATULATIONS ALL AROUND...NOW GET OUT THERE AND FIX SOMETHING.
 

Demeter

(85,373 posts)
27. Whistleblower Suit Confirms that the New York Fed is in the Goldman Protection Racket
Sat Oct 12, 2013, 10:47 AM
Oct 2013
http://www.nakedcapitalism.com/2013/10/whistleblower-suit-confirms-that-the-new-york-fed-is-in-the-goldman-protection-racket.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29

On Thursday, a former bank examiner at the Federal Reserve Bank of New York, Carmen Segarra, filed a suit (embedded at the end of this post) against the New York Fed and several of its employees alleging, among other things, improper termination. The complaint is a doozy and some of the additional details supplied by Segarra to ProPublica make an already ugly picture look even worse...Segarra was an experienced attorney who had spent her entire career working in banking in the corporate counsel’s office of large financial firms, most recently as a senior counsel at Citi. In other words, she is not a naif or a theoretician. She was hired as part of an effort to increase bank examination functions to meet Dodd Frank requirements. But Segarra wound up on a collision course with the old guard at the New York Fed, which is particularly deeply tied into Goldman. For instance, the current president, William Dudley, had been Goldman’s chief economist and has a bias to protect rather than regulate financial firms. The senior officer responsible for Goldman at the New York Fed was called a “relationship manager.” No, I am not making that up.

Segarra was tasked to assess whether Goldman’s conflicts of interest policies were adequate in three separate cases: Solyndra, the El Paso/Morgan Kindler acquisition, and a bank acquisition by Sandanter. What is stunning if you read the complaint, which we’ve embedded below, is how high-handed Goldman was in its responses to Segarra’s inquiries. It’s not hard to imagine that they viewed this as a pro forma exercise that given their cozy relationship with the New York Fed, would go nowhere. They didn’t just stonewall, they told egregious lies. That sort of cover-up usually winds up being worse than the crime, but not if you are in a privileged class like Goldman. When Segarra (and initially, the other members of her team) kept pressing Goldman for answers and making clear that what they were getting was problematic, Goldman then started giving credulity-straining responses. As the exam moved forward, Segarra came under pressure from the Goldman relationship manager, Michael Silva, who was also senior to her at the bank (this is how you can tell the new regulatory push is all optics: the examiners are subordinate to the established “don’t ruffle the banks” incumbents). Silva, who had been chief of staff to Geithner before becoming “relationship manager” to Goldman, appears, unlike Segarra, not to have had real world financial services experience (he looks to have joined the New York Fed as a law clerk in 1992 and stayed with the bank). Segarra was fired abruptly after refusing to change her recommendations and destroy supporting documents, which was in violation of regulatory policy (bank examiners are not “fire at will” employees; they need to be put on notice and given the opportunity to correct deficiencies in their performance before they can be dismissed).

I’ve read other wrongful termination suits and Segarra’s looks very strong. It’s going to be awfully hard for the New York Fed to talk its way out of this one.


What is particularly damning for the Fed and Goldman is Goldman’s intransigence during the examination process and the howlers the New York Fed staffers used to justify treating the bank with kid gloves. The complaint is short and readable, but for your convenience, I’ll extract some of the really juicy bits...(see link) The bone of contention is that bank regulations required Goldman to have a firm-wide conflicts of interest program. The reason that it needs to be firm wide is that letting business units have influence or worse, control over compliance issues is putting the foxes in charge of the henhouse. JP Morgan had risk control for its CIO unit located in the CIO, not the bank, level. It should be no surprise that a fiasco like the London Whale was the result.

Goldman blew off Segarra’s first document request. When asked about it (before Goldman realized someone at the Fed was actually taking the matter seriously), the bank said on separate occasions that it had no firm wide conflicts of interest program.

And when Goldman finally started producing documents, things got uglier: MUCH MORE AT LINK



Now if we lived in a world where regulators had any guts or power, the New York Fed would have some ready counterthreats. For instance, in Japan, firms (it was always the foreigners, the Japanese banks knew better) that tried defying the Ministry of Finance would be subject to an ongoing MOF audit until they complied. A MOF audit was so painful (MOF staff would descend on the banks’s offices and seal files, among other things), that they would capitulate quickly. Untimately, the Fed controls access to the large payments system on which all large financial firms depend. If a bank wanted to play hardball and defy examination efforts, which is what Goldman was doing, the Fed could have a scale of escalating charges for certain types of unresolved compliance issues. No one would need to know unless the charges hit some level of public reporting materiality, which for a bank as large as Goldman would be pretty large. But if nothing else, it would allow the Fed to hire either more internal or outside counsel for any real staredowns.

But since we don’t do tough-minded regulation in the US in the US, even trying to implement a sensible regime like that would elicit all sorts of howls and legal arguments. The sad reality is once weak regulation becomes normal, it’s very hard to turn the clock back. Since the near destruction of the global economy wasn’t enough to produce a sea change, it’s hard to imagine what could.



THIS IS ONE TO WATCH! CALIMARI, ANYONE?
 

Demeter

(85,373 posts)
23. Welcome to Commonomics: How to Build Local Economies Strong Enough for Everyone
Sat Oct 12, 2013, 10:26 AM
Oct 2013
http://www.truth-out.org/news/item/19313-welcome-to-commonomics-how-to-build-local-economies-strong-enough-for-everyone

Chokwe Lumumba was an unlikely candidate for high office in Mississippi. But last June, the former Black Nationalist and one-time attorney to Tupac Shakur was elected Mayor of Jackson. He’s now in hot pursuit, not of big box stores or the next silver bullet solution to what ails the state’s capital city. He wants to create worker-owned cooperatives and small-scale green businesses and to invest in training and infrastructure. It’s the program of change he ran on in the election: local self-reliance. Jackson’s population is 80 percent black, 18 percent white, and the rest largely immigrant, with heavy concentrations of Indians, Nigerians, and Brazilians.

“Without question, the ideas of economic democracy that we want to propose come from the Southern context,” says Kali Akuno, a member of the Malcolm X Grassroots Movement and a coordinator of special projects for the Lumumba administration.


That Lumumba won the election came as a surprise to some, but not to Akuno: “There exists an audience in the black community that is way more willing than others to experiment with distribution.” Self-reliance “is in our history. It’s had to be,” he continues. “People know about Fannie Lou Hamer organizing black voters to fight segregation, but do they know she also helped to start cooperatives with retail distribution across Mississippi that are still around today?”

Far from Mississippi, on the Pine Ridge Reservation, indigenous entrepreneur Mark Tilsen has just begun the process of turning ownership of his local food products company over to his workers. Tilsen founded Native American Natural Foods with his partner Karlene Hunter in 2006. Five years later, they won a Social Innovation Award from the Social Venture Network. Today, they’re innovating again: joining a cohort of Native American leaders in a program to strengthen the local economy by democratizing wealth and ownership. The program has been developed by the Democracy Collaborative and the Northwest Area Foundation...

“The goal of our company is wealth creation and self-determination on the Pine Ridge Reservation, so we want our employees to own the wealth they’re creating. We didn’t make this company to sell or flip it,” answered Tilsen. “In tribal communities, traditional methods of production were based on ‘tiospaye’—the Oglala word for extended family structures,” Tilsen explained. “That’s how we survived and how we took care of one another, organizing points of production in a cooperative way. It’s nothing foreign.”


Tilsen hopes to have Native American Natural Foods in employee hands by June, 2014...

Commonomics

Welcome to “Commonomics,” a new collaboration between YES! Magazine and GRITtv. Starting this month, we’ll be traveling the country asking the question: what makes for a strong local economy? It's not a question that produces easy answers. Farmer-philosopher Wendell Berry defines economy this way: “I mean not economics but economy, the making of the human household upon the earth; the arts of adapting kindly the many, many human households to the earth’s many eco-systems and human neighborhoods.”

By now, we know the signs of a "household" that’s been hollowed out. We’ve seen the food deserts and the chronically vacant homes, the ghostly downtown storefronts and the municipalities in hock to the last sweet-talking corporation to suck up public subsidies and then run away. We’re familiar with the tension in a city where the only thing the rich and poor districts have in common is a subway line. We know what it’s like to be close, everywhere, to the same chain coffee shop and two hours away from the “local” hospital. We’ve seen the sprawl that ate the woodlands and the floodwaters that steadily rose.

In Commonomics we’re going to look at communities that have had enough of all that; places where, by choice or by crisis, people are trying to figure out how to transform what they’ve known into something better for all.

There’s no consensus on the meaning of “local,” let alone agreement on what makes an economy “strong.” Ask 25 people with expertise in the topic, and you'll hear 25 different answers. (I know because that's what I did.) But there is history here, and a breadth of experience we can draw on if we pay attention, especially to those for whom “self-reliance” is not a lifestyle choice.

Wealthy communities, let’s face it, aren’t famous for their embrace of togetherness and sharing. The wealthiest “local” economies are surrounded by locking gates. In Commonomics, we’re going to talk with some of the people and groups who, when it comes to sustainability and localism, have often been excluded from the policymaking and the debate, and yet who may have the most rooted and innovative ideas for building strength....


Buying local is not enough—we have to change the rules

To make the substantial shifts that we need, it’s going to take more than consumers buying local, says Michael Shuman, research director of the Business Alliance for Local Living Economies (BALLE). It’s going to require tilting the policy landscape toward local businesses. Rather than simply lecturing consumers on buying local, government will have to lead by doing likewise. The government’s purse is a whole lot more powerful than Joe and Jane Consumer’s. There are many things cities and states already do to benefit business—like offering subsidies, grants, and loans. Cities are experimenting with different ways to direct those public benefits to locally owned businesses that benefit the public, and through government contracting and procurement. Some, like Cleveland, award extra points in the contract bidding process to businesses that are locally owned, or green, or pay prevailing wages, or hire local workers, or all of the above. But so far, policymakers have generally been reluctant to cut the multinationals off. Charging discrimination, internationally owned firms have been known to challenge local preference rules under international trade law and the fear of lawsuits puts an effective chill on legislators.

But, says Flaccavento, “If you’re promoting downtown revitalization and supporting small business, you can’t simultaneously build a big box development on the outskirts of town. One will undermine the other."

Shuman wants government to move its money—all of it, “including everything that requires city staff time and energy, from non-local business and refocus it instead—laser-like—on local business.”

MUCH MORE AT LINK
 

Demeter

(85,373 posts)
26. Meet the Opposite of Monsanto -- These Are the Folks That Really Feed the World
Sat Oct 12, 2013, 10:40 AM
Oct 2013
http://www.alternet.org/food/meet-opposite-monsanto-these-are-folks-really-feed-world?akid=11030.227380.orQiR9&rd=1&src=newsletter908474&t=21

When it comes to ‘feeding the world,’ agribusiness keeps selling the same old “solutions” that are actually undermining people’s access to healthful and sustainable food: massive industrialized farming operations, biotech (GMO) crops, pesticide-intensive mono-cropping, and so-called “free trade” agreements. They insist we just need to produce more food (with their seeds and petrochemicals) for the nearly one billion people who go hungry each year—yet landfills overflow with food waste in countries where agribusinesses have gained control of seeds, livestock, markets, and prices. In spring 2013, Monsanto grabbed headlines when its genetically modified wheat, MON71800—not approved for production or consumption—was found growing in a farmer’s field. Yet in June, Monsanto and Syngenta executives were rewarded with the 2013 World Food Prize, even as evidence keeps pouring in about how these corporations undercut farmers’ ability to survive and feed their communities. How could corporations whose technologies undermine food sovereignty—destroying plant diversity and displacing millions of farmers— be honored for fighting hunger? And while Monsanto’s lobbyists were pulling out the full court press on members of the House to protect agribusiness payouts in the Food and Farm Bill, SNAP benefits for almost 2 million families in need were slashed. If Monsanto is trying to end hunger, you have to wonder where their priorities were during Food and Farm Bill negotiations. GMOs are the antithesis of food sovereignty—patented technology that robs communities of the ability to feed themselves. These corporate-controlled seeds are both destructive and unnecessary: evidence continues to confirm the effectiveness, and efficiencies, of agro-ecological sustainable farming. In April, a long-term study on soil health published in Crop Management demonstrated that organic farming not only improves soil quality, but can also boost yields per acre. Many previous studies have shown that small to medium-sized organic farms growing diverse crops are highly productive, sustaining communities and the land...while corporations churn out more GMO seeds, pesticides, and glossy PR, a growing worldwide movement of farmers, fishers, workers, and eaters has created concrete solutions to poverty and hunger—on and in the ground.

The 2013 Food Sovereignty Prize honorees from southern India, the Basque Country, Mali, Brazil and Haiti fight resource grabs, cultivate traditional crops, and defend their communities from exploitation by multi-national corporations. Like family farmers in the U.S., they deserve the right to grow the foods they need and want without pressure from foreign agribusinesses and government agencies.

“The Food Sovereignty Prize symbolizes the fight for safe and healthy food for all peoples of the earth,” said Chavannes Jean-Baptiste, member of the Executive Committee for the Group of 4, one of this year’s winners. “It’s a fight that must be waged both locally and globally, and requires deep solidarity among all organizations fighting for food sovereignty.”

Flavio Barbosa, of the South American Dessalines Brigade, added: “Receiving this prize for the partnership between the Group of 4 and the Dessalines Brigade is an incentive for others to participate in long exchanges such as the one we are experiencing in Haiti. And it charges us with even greater responsibility to continue our defense of peasant agriculture and agroecology as a way to produce sustainable, healthy chemical-free foods accessible for all.”


Food sovereignty also means opposing international trade policies that give advantage to transnational agricultural companies while displacing local, subsistence farmers and rural communities around the globe. These “free trade” policies, such as NAFTA, GATT, and now the TPP, threaten food sovereignty and farmers around the world, and pressure millions to migrate to other countries—where many become exploited farm laborers and food industry workers in a foreign land. It also means public and community support for nutrition programs and for SNAP, a great program that is now under siege in the Farm Bill and in the reckless budget negotiations stemming from the federal shutdown.

We don’t need GMOs to feed the world; we need access to healthy soil, fresh water, abundant wild fish, seeds that produce ecologically and nutritionally beneficial crops, and people who know how to grow and harvest foods with the planet and future generations in mind.





For more information, visit: Food Soverignty . On Twitter: #FoodSovPrize and Facebook. What does food sovereignty mean to you? Tell us at: communications@foodfirst.org

bread_and_roses

(6,335 posts)
51. This looks really interesting
Sat Oct 12, 2013, 07:07 PM
Oct 2013

I have dreamed of starting a cooperative grocery store - not just "health food" - even all the crappy cereal the kids want. A place where ordinary people would shop. Where people on food stamps would go, not just affluent foodies. NO PROFITS. Just the costs - including good wages - in the mark-up.

On edit, I realize that the vile sugar cereals are not local. But that's what the kids want. And their parents want soda. I want a place where ordinary and poor people could shop too - without the cost of profit for shareholders.

 

Demeter

(85,373 posts)
25. INTERVIEW WITH ASIMOV
Sat Oct 12, 2013, 10:30 AM
Oct 2013


A REAL TREAT TO THE EARS AS WELL AS THE MIND: NO SHOUTING, NO TALKING OVER EACH OTHER, NO STUPID QUESTIONS, FOOD FOR THOUGHT!

NO VIOLENCE, NO CAR CHASES, NO STUPIDITY, NO PSYCHOPATHY...BRING BACK THOSE GOLDEN DAYS!
 

Demeter

(85,373 posts)
28. Detroit's Managerial Milestones posted by Melissa Jacoby
Sat Oct 12, 2013, 11:01 AM
Oct 2013
http://www.creditslips.org/creditslips/2013/10/-managerial-milestones.html

A city in bankruptcy operates with considerably more freedom from judicial oversight than its private chapter 11 counterparts. People often say judges have just two principal points of involvement in a chapter 9: presiding over trials on eligibility and confirmation of the plan of adjustment. My earlier posts about Detroit have told a story that puts judges in a more active ongoing role, emblematic of the evolution of the federal judiciary over the second half of the Twentieth Century. Serious managerial judging (plus a team) empowers them to shape the speed and direction of municipal restructuring notwithstanding doctrinal and constitutional limits on their formal legal authority. Yesterday's evidentiary hearing in Detroit's bankruptcy is illustrative.

The October 8th evidentiary hearing probed the impact on the City's lawyers of the continuation of a section 1983 action in U.S. district court to liquidate the plaintiff's claim, stemming from a tragic murder-suicide of two Detroit police officers. At the hearing's outset, the court asked everyone to dispense with opening arguments and move directly to testimony. The only witness called by the City, or by any party, was Detroit's deputy corporation counsel. The court called its own witness, however: another in-house City lawyer with primary responsibility for the 1983 suit. The court wanted to know exactly how this lawyer was spending his time now that Detroit was in bankruptcy.

The court ruled from the bench later in the day and followed up with a written order. In essence, the stay of the 1983 action is going to be lifted to allow liquidation of the claim unless Detroit makes meaningful progress toward a detailed plan for dealing with all of its tort claims (700 or so) in the next 35 days. In response to this ruling, the plaintiff's lawyer expressed frustration in the Detroit Free Press that the lawsuit, based on his client's daughter's death, is being used as leverage to expedite Detroit's bankruptcy and the treatment of other claimants. Hard to refute. But here's where the limited formal legal powers in a chapter 9 may lead judges to reach for tools with teeth, and to use them in ways that facilitate controlling the broader case. Recall that the court floated the idea of a tort claimant committee early, at the August 2, 2013 hearing - efforts to consider tort claimants that the press presented favorably (or at least did here). The City's lawyer suggested that the City had a different idea. Last week, at oral arguments on the lift-stay motion, the court invoked his earlier query and asked again: "what's your plan?" One of the City's lawyers noted the intent to use mediation and sketched out some timing of a claims bar date for later this fall. Yesterday's evidentiary hearing filled in some pieces of the puzzle for the court, including that the in-house lawyers, with tort litigation expertise, are not currently spending time on developing a process for liquidating tort claims, but also are not consumed with working on other aspects of the bankruptcy. In his verbal ruling, the court again asked the City to consider a tort claimant committee but noted this was one of many possible avenues. Will the technique achieve the court's objective? One suspects Detroit's in-house lawyers arrived at work a little earlier today.

For more in-person discussion of this, and other dimensions of municipal financial distress, head to Fordham Law's conference on Friday. http://urbanlawjournal.com/?page_id=933
 

Demeter

(85,373 posts)
29. Lavabit’s Levison’s Really Bad Call (THIS IS A LEGAL THREAD, FYI)
Sat Oct 12, 2013, 11:06 AM
Oct 2013
http://blog.simplejustice.us/2013/10/03/lavabits-levisons-really-bad-call/

Lavabit’s Ladar Levison asked the right question, but he did it in the wrong place and way too late.

“How as a small business do you hire the lawyers to appeal this and change public opinion to get the laws changed when Congress doesn’t even know what is going on?” Mr. Levison said.


Now, he’s no longer a bit player in the secure e-mail industry, but a privacy hero, a government target and a guy without a job. Before Edward Snowden became a public enemy, he used Lavabit, a fledgling company that took years to generate enough revenue to let Levison quit his day job.

Mr. Levison, who studied politics and computer science at Southern Methodist University, started Lavabit in April 2004, the same month Google rolled out Gmail. To pay his bills, he worked as a Web consultant, helping develop Web sites for major brands like Dr Pepper, Nokia and Adidas. But by 2010, the e-mail service had attracted enough paying customers to allow Mr. Levison to turn to Lavabit full time.


And then he met the government, which had some “requests” of him. It came out when the requests related to Snowden, but by that time, Levison wasn’t a virgin.

Mr. Levison was willing to allow investigators with a court order to tap Mr. Snowden’s e-mail account; he had complied with similar narrowly targeted requests involving other customers about two dozen times.


But having broken the wall of privacy, the government wanted more. The government always wants more.

But they wanted more, he said: the passwords, encryption keys and computer code that would essentially allow the government untrammeled access to the protected messages of all his customers. That, he said, was too much.


The New York Times reveals as much of the backstory as Levison is now allowed to reveal, and it’s an ugly story all around.

He had been summoned to testify to a grand jury in Virginia; forbidden to discuss his case; held in contempt of court and fined $10,000 for handing over his private encryption keys on paper and not in digital form; and, finally, threatened with arrest for saying too much when he shuttered his business.


It’s not that he refused to hand-over the encryption keys for the secure e-mail accounts in Lavabit’s stable, but he tried to game the government by doing it on paper rather than digitally.

When it was clear Mr. Levison had no choice but to comply, he devised a way to obey the order but make the government’s intrusion more arduous. On Aug 2, he infuriated agents by printing the encryption keys — long strings of seemingly random numbers — on paper in a font he believed would be hard to scan and turn into a usable digital format. Indeed, prosecutors described the file as “largely illegible.”


For this, he was sanctioned $5,000 a day, and he caved in two days. As the quote that starts this post questioned, what else could he do? He was represented by Virginia small business lawyer Jesse Binnall, a 2009 grad of George Mason Law School, who was thrust into one of the most difficult situations possible, defending a client caught between the government’s rock and a hard place. It was a place he shouldn’t have been. For all the glorious claims of transparency, availability, freedom of information used to justify the worst and lowest use of the internet, Levison’s question is infuriating. How can he, and so many other young, smart and savvy people be so monumentally clueless when it comes to managing the nexus of technology and law?

This matters because they are screwing up the world for the rest of us, for everyone. Choices being made by the tech-savvy and law ignorant are creating the precedents, while destroying themselves, that form the foundation for computer law going forward. We may be saddled with bad law for decades, forever, because of poor, thoughtless, immature, decisions. This is where the future of internet privacy dies.

The answer to Levison’s question at the top of this post is to start by reaching out to lawyers competent to handle the representation in the first place, and at each subsequent stage as need be.
What the hell was he thinking? I will avoid the nearly irresistible compulsion to compare the hundred calls I’ll get this week to find out if I can handle a public urination case in Peoria with Levison’s decision to place his life, and Snowden’s, and potentially the future of secure email communications for everyone on the entire friggin’ internet, in the hands of a kid lawyer who has zero experience dealing with the feds. We need smarter heroes. We need heroes who won’t squander the opportunity to get something right. If this doesn’t change, fast and hard, it is not going to end well for any of us, as we will be saddled with a state of law where the government runs roughshod over anyone and everything that stands in its virtual way. And when the tech-savvy grow up and come to realize how they screwed it all up, for themselves and everyone else, we will be facing egregious precedent, fighting again the uphill battle to undo the damage caused by the early targets and the weakest links.

 

Demeter

(85,373 posts)
31. Financial Regulator Shutdown, Halts Investigations of Wall Street Crimes HOW CONVENIENT!
Sat Oct 12, 2013, 02:04 PM
Oct 2013
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10853

The main U.S. regulatory agency responsible for monitoring commodity markets has ceased most of its operations during the government shutdown.

The Commodity Futures Trading Commission (CFTC) oversees commodity markets, like oil and corn. It adopts regulatory rules, and monitors markets and trading activity in order to identify manipulation of commodity prices.

It also is involved in investigations such as the LIBOR scandal, “the largest antitrust violation in world history by multiple levels of magnitude,” said Black. “And all three of those functions have been taken off-line.”

Many regulatory and enforcement agencies are now closed due to the government shutdown. The Security and Exchange Commission, Federal Energy Regulatory Commission, and Food and Drug Administration, are either closed or have limited their operations.

“It is open season on the public,” said Black.

VIDEO INTERVIEW AT LINK

westerebus

(2,976 posts)
45. Last Friday some thing dumped (sold) 2million onces of gold in to the market.
Sat Oct 12, 2013, 05:06 PM
Oct 2013

At last look, no one from the CME knew who that was.

Any one know how JP Morgan is paying its lawyer bills?

 

Demeter

(85,373 posts)
48. WAS IT REAL GOLD, OR WAS IT PAPER?
Sat Oct 12, 2013, 05:22 PM
Oct 2013

I think you will find it's paper...of no real worth to mortal men. Counterfeit.

westerebus

(2,976 posts)
49. Isn't it always paper in that quantity?
Sat Oct 12, 2013, 06:06 PM
Oct 2013

A very large amount of paper.

I will take, should they offer, those counterfeit paper shares and exchange them for fiat.

Until we cross the Rubicon, fiat is what it is.

And they are willing to sell me physical for their paper.

At a discount.

 

Demeter

(85,373 posts)
33. ‘Dutch sandwich’ grows as Google shifts €8.8bn to Bermuda
Sat Oct 12, 2013, 02:28 PM
Oct 2013
http://www.ft.com/intl/cms/s/0/89acc832-31cc-11e3-a16d-00144feab7de.html?siteedition=intl

Google funnelled €8.8bn of royalty payments to Bermuda last year, a quarter more than in 2011, underlining the rapid expansion of a strategy that has saved the US internet group billions of dollars in tax.

By routing royalty payments to Bermuda, Google reduces its overseas tax rate to about 5 per cent, less than half the rate in already low-tax Ireland, where it books most of its international sales.

The figures were revealed in the latest filings by one of Google’s Dutch subsidiaries, and means that royalty payments made to Bermuda – where the company holds its non-US intellectual property – have doubled over the past three years. This increase reflects the rapid growth of Google’s global business.

The company has been at the centre of the international controversy over corporate tax avoidance because it earns “substantially all” its foreign income in Ireland and pays relatively little tax in the countries where its customers are based...

WHAT'S THEIR SLOGAN, AGAIN? "DON'T BE EVIL"?
 

Demeter

(85,373 posts)
40. Conservative trucker protest fizzles UPDATE AND FOLLOW THROUGH ON PREV. POST
Sat Oct 12, 2013, 04:36 PM
Oct 2013
http://www.dailykos.com/story/2013/10/11/1246415/-Conservative-trucker-protest-fizzles?detail=email

As expected, the purported conservative trucker protest intended to clog up the Beltway this weekend, aka the "Truckers Ride for the Constitution," has turned into a bit of a bust:

Police say a convoy of about 30 trucks began traveling north on Interstate 95 from Doswell, Va., on Friday morning. The truckers are circling the Beltway.

However, the presence was not quite the thousands of truckers that organizers had predicted, or the ten thousand Fox News had asserted. On Friday morning, just a handful of people had showed up at a key staging area.


Thirty trucks is indeed not thousands of trucks—the math checks out, though there have already been some attempts Twitter unskewing of the number by posting an old picture of a Make-a-Wish trucker convoy and claiming success.

The conservative trucker rebellion was a bit dodgy from the outset. Purported vows to block the Beltway were later waved off by organizers as a hoax to garner media attention. The organizers are a motley crew of conspiracy theorists, including one who believes that Osama Bin Laden was Barack Obama in a Hollywood-created, CIA-provided disguise, because they both have the same "bone structure" and are both left handed, and a radio host who is an avid 9/11 conspiracy theorist and who promised a "bloody battle" if the trucker protest was not sufficiently successful in … dissuading the government from confiscating all the guns, or something. It's not clear.

The released demands of the group, now that we have them, are impressive. They include an assertion that members of Congress were in on a plot:

… to change Article 2, Section 1, Clause 5 of the Constitution on eight separate occasions to make it possible for Barack Obama to meet the eligibility requirements for the office of president. Of which, a legal investigation has proven that his documents provided are forgeries, which is a felony offense.

And that the government has:

… illegally put our military in a “War Zone” where they currently, guard opium productions and transport, police the people of other countries based on US law, they get authorization for military action from the United Nations Security Counsel, which is High Treason, and they are exposing, and administering experimental, psychotropic, mind altering drugs for control over soldiers during secret, clandestine operations.


The list of demands is to be delivered to Rep. Louie Gohmert, because of fucking course it is.

So presuming about 10,000 more conservative truck-drivers do not appear out of thin air anytime soon, it would appear that the conservative trucker protest is, like most other bits of the movement these days, a failed plot based on a collection of conspiracy theories whose naturally invisible successes will be retold by the group in future conspiracy theories. A bit unnerving to think that these thirty-ish people drive trucks around our highways on a daily basis, but there you go.
 

Demeter

(85,373 posts)
46. Wall Street Whistleblower Awarded $14 Million as a Result of Dodd-Frank Act MARK KARLIN
Sat Oct 12, 2013, 05:08 PM
Oct 2013
http://www.truth-out.org/buzzflash/commentary/item/18249-wall-street-whistleblower-awarded-14-million-as-a-result-of-dodd-frank-act

Although many progressives have criticized the Dodd-Frank Act as too weak, it clearly has some very positive features. An undisclosed Wall Street whistleblower was just awarded $14 million for information that led to the recovery of millions of dollars in investor funds. Without the tip, the US Securities and Exchange Commission (SEC) might not have uncovered the Wall Street fraud.

SEC whistlebower monetary awards were made possible by a provision in the Dodd-Frank Act that set up a fund to encourage individuals to step forward with information about financial crimes and regulatory violations. The law also requires that the SEC maintain the confidentiality of the whistleblower.

According to an early October news release from the SEC:

Payments to whistleblowers are made from a separate fund previously established by the Dodd-Frank Act and do not come from the agency’s annual appropriations or reduce amounts paid to harmed investors.

The award is the largest made by the SEC’s whistleblower program to date.

The SEC’s Office of the Whistleblower was established in 2011 as authorized by the Dodd-Frank Act. The whistleblower program rewards high-quality original information that results in an SEC enforcement action with sanctions exceeding $1 million, and awards can range from 10 percent to 30 percent of the money collected in a case.

The Dodd-Frank law even established "The Office of the Whistleblower," with its own web page. Sean McKessy, chief of the SEC whistleblowing division, writes:

Assistance and information from a whistleblower who knows of possible securities law violations can be among the most powerful weapons in the law enforcement arsenal of the Securities and Exchange Commission. Through their knowledge of the circumstances and individuals involved, whistleblowers can help the Commission identify possible fraud and other violations much earlier than might otherwise have been possible. That allows the Commission to minimize the harm to investors, better preserve the integrity of the United States' capital markets, and more swiftly hold accountable those responsible for unlawful conduct.

This is the kind of regulation enforcement tool that drives Wall Street, the Koch Brothers, and the financial industry backers of both parties to hurl gold plated dinnerware out their windows. It's ironic that there is nothing like money to encourage people to come forward with information about financial malfeasance. But at least the whistleblowers to the SEC are receiving their compensation for honest actions that help, in a small way, expose financial market wrongdoing. It will become a more credible tool if and when we start to see the "banks too big to fail" in the crosshairs of whistleblowing enforcement.
 

Demeter

(85,373 posts)
47. Snowden Accepts Whistleblower Award By Ray McGovern
Sat Oct 12, 2013, 05:15 PM
Oct 2013
http://truth-out.org/news/item/19364-snowden-accepts-whistleblower-award

Though former NSA contractor Edward Snowden has been indicted for leaking secrets about the US government’s intrusive surveillance tactics, he was honored by a group of former US intelligence officials as a courageous whistleblower during a Moscow ceremony, reports ex-CIA analyst Ray McGovern who was there. The award, named in honor of the late CIA analyst Sam Adams, was presented to Snowden at a ceremony in Moscow by previous recipients of the award bestowed by the Sam Adams Associates for Integrity in Intelligence (SAAII). The presenters included former FBI agent Coleen Rowley, former NSA official Thomas Drake, and former Justice Department official Jesselyn Radack, now with the Government Accountability Project. (Former CIA analyst Ray McGovern also took part.)

Snowden received the traditional Sam Adams Corner-Brighteneer Candlestick Holder, in symbolic recognition of his courage in shining light into dark places. Besides the presentation of the award, several hours were spent in informal conversation during which there was a wide consensus that, under present circumstances, Russia seemed the safest place for Snowden to be and that it was fortunate that Russia had rebuffed pressure to violate international law by turning him away.

Snowden showed himself not only to be in good health, but also in good spirits, and very much on top of world events, including the attacks on him personally. Shaking his head in disbelief, he acknowledged that he was aware that former NSA and CIA Director Michael Hayden, together with House Intelligence Committee Chair Mike Rogers, had hinted recently that he (Snowden) be put on the infamous “Kill List” for assassination. In brief remarks from his visitors, Snowden was reassured — first and foremost — that he need no longer be worried that nothing significant would happen as a result of his decision to risk his future by revealing documentary proof that the U.S. government was playing fast and loose with the Constitutional rights of Americans.

Even amid the government shutdown, Establishment Washington and the normally docile “mainstream media” have not been able to deflect attention from the intrusive eavesdropping that makes a mockery of the Fourth Amendment. Even Congress is showing signs of awaking from its torpor. In the somnolent Senate, a few hardy souls have gone so far as to express displeasure at having been lied to by Director of National Intelligence James Clapper and NSA Director Keith Alexander — Clapper having formally apologized for telling the Senate Intelligence Committee eavesdropping-related things that were, in his words, “clearly erroneous” and Alexander having told now-discredited whoppers about the effectiveness of NSA’s intrusive and unconstitutional methods in combating terrorism.

.................................

Coleen Rowley, the first winner of the Sam Adams Award (2002), cited some little-known history to remind Snowden that he is in good company as a whistleblower — and not only because of previous Sam Adams honorees. She noted that in 1773, Benjamin Franklin leaked confidential information by releasing letters written by then-Lt. Governor of Massachusetts Thomas Hutchinson to Thomas Whatley, an assistant to the British Prime Minister.

The letters suggested that it was impossible for the colonists to enjoy the same rights as subjects living in England and that “an abridgement of what are called English liberties” might be necessary. The content of the letters was so damaging to the British government that Benjamin Franklin was dismissed as colonial Postmaster General and had to endure an hour-long censure from British Solicitor General Alexander Wedderburn.

Like Edward Snowden, Franklin was called a traitor for whistleblowing the truth about what the government was doing. As Franklin’s biographer H.W. Brands wrote: “For an hour and a half Wedderburn hurled invective at Franklin, branding him a liar, a thief, an outcast from the company of all honest men, an ingrate. … So slanderous was Wedderburn’s diatribe that no London paper would print it.”

Hat tip for this interesting bit of history to Tom Mullen and his Aug. 9 article in the Washington Times titled ”Obama says Snowden no patriot. How would Ben Franklin’s leak be treated today?” Ms. Rowley also drew from Mullen’s comment:

“Tyrants slandering patriots is nothing new. History decided that Franklin was a patriot. It was not so kind to the Hutchinsons and Wedderburns. History will decide who the patriots were in the 21st century as well. It will not be concerned with health care programs or unemployment rates. More likely, it will be concerned with who attacked the fundamental principles of freedom and who risked everything to defend them.”


The award citation to Snowden read, in part:

“Sam Adams Associates are proud to honor Mr. Snowden’s decision to heed his conscience and give priority to the Common Good over concerns about his own personal future. We are confident that others with similar moral fiber will follow his example in illuminating dark corners and exposing crimes that put our civil rights as free citizens in jeopardy. …

“Heeding the dictates of conscience and patriotism, Mr. Snowden sacrificed his career and put his very life at risk, in order to expose what he called ‘turnkey tyranny.’ His whistleblowing has exposed a National Security Agency leadership captured by the intrusive capabilities offered by modern technology, with little if any thought to the strictures of law and Constitution. The documents he released show an NSA enabled, rather than restrained, by senior officials in all three branches of the U.S. government.

“Just as Private Manning and Julian Assange exposed criminality with documentary evidence, Mr. Snowden’s beacon of light has pierced a thick cloud of deception. And, again like them, he has been denied some of the freedoms that whistleblowers have every right to enjoy.

“Mr. Snowden was also aware of the cruel indignities to which other courageous officials had been subjected — whistleblowers like Sam Adams Award honorees (ex aequo in 2011) Thomas Drake and Jesselyn Radack — when they tried to go through government channels to report abuses. Mr. Snowden was able to outmaneuver those who, as events have shown, are willing to go to ridiculous lengths to curtail his freedom and quarrel with his revelations. We are gratified that he has found a place of sanctuary where his rights under international law are respected.

“Whistleblower Daniel Ellsberg, a Sam Adams ‘Awardee Emeritus,’ has asserted that Mr. Snowden’s whistleblowing has given U.S. citizens the possibility to roll back an ‘executive coup against the Constitution.’ This is a mark of the seriousness and importance of what Mr. Snowden has done.

“Like other truth-tellers before him, Edward Snowden took seriously his solemn oath to support and defend the Constitution of the United States against all enemies foreign and domestic. He was thus legally and morally obliged to let his fellow Americans know that their Fourth Amendment rights were being violated.

“The past few years have shown that courage is contagious. Thus, we expect that still others will now be emboldened to follow their consciences in blowing the whistle on other abuses of our liberties and in this way help stave off ‘turnkey tyranny.’

“Presented this 9th day of October 2013 by admirers of the example set by the late CIA analyst, Sam Adams.”


MORE

Ray McGovern works with Tell the Word, a publication arm of the ecumenical Church of the Saviour in inner-city Washington. He served at CIA from the administrations of John F. Kennedy to that of George H. W. Bush, and was one of five CIA “alumni” who created Veteran Intelligence Professionals for Sanity (VIPS) in January 2003.

bread_and_roses

(6,335 posts)
53. "Chemical Corporations Tremble at Kauai's Unwavering Determination"
Sat Oct 12, 2013, 07:17 PM
Oct 2013

A ray of hope in the darkness.

http://www.commondreams.org/view/2013/10/12-3


Published on Saturday, October 12, 2013 by The Huffington Post
Chemical Corporations Tremble at Kauai's Unwavering Determination
by Andrea Brower

... Little Kauai's struggle against the largest chemical-seed corporations in the world is inspiring much attention. Nearly every corn seed in the industrial food system touches Hawaii somewhere; the most isolated islands in the world have become a main hub of research and development for the multinational companies that dominate the agricultural input market. Six corporations control 70 percent of the global pesticide (including herbicide and insecticide) market and essentially the entire market for genetically modified seeds. Four of them -- Pioneer DuPont, Dow, Syngenta and BASF -- occupy 15,000 acres on Kauai. Kauai has a population of 64,000 mostly working-class residents. A true David versus Goliath story that is just beginning to fully unfold.

...to understand the "why" of our local struggle, it firstly needs to be situated in a larger global movement that is responding to a radically unjust, anti-democratic and ecologically destructive food and agricultural system. On Kauai, the movement is partly about the local manifestations of that food system -- the poisoning of land and people for the development of new technologies that the world does not want, and does not need. It is a response to resident grievances over breathing in pesticide-laden dust on a daily basis for the past 15 years; parent and teacher anger after dozens of students were poisoned a second and third time; local physician concerns that they are noticing higher rates of illnesses and rare birth defects; the frustration of Native Hawaiian taro farmers watching rivers go dry as chemical companies divert and dump water; beekeeper fears that they will be next to loose organic certification due to pesticide contamination, or experience hive die-off from the known bee-killers.

... As Kauai's pesticide "Right to Know" bill moves forward, the chemical companies are revealing just how afraid they are of us gaining even the most basic information about their operations. Arrows to derail, distract, depress and divide us are being shot from every direction, and from some of the deepest pockets on the planet. Above all, the chem-seed corporations are attempting to exterminate our belief that we are capable of making change. They tell us that justice is illegal, that we must choose between jobs and health, that we will be inept at regulating them (wouldn't they like to think!), that we can't possibly feed ourselves from our best agricultural lands, and that without them the world will go hungry. They try to push us to retreat back to our individual lives, convinced that collective action for social change has become impossible, and that there simply is no alternative to the food system they are designing.


You go, Kauai!
 

Demeter

(85,373 posts)
54. Some families left out in the cold by Obamacare
Sat Oct 12, 2013, 07:39 PM
Oct 2013

The Moeller family of Clarks Summit, Penn., find themselves in this situation. They need insurance next year, since their current plan will be discontinued. But none of the options they've seen under Obamacare are very good.
http://money.cnn.com/2013/10/10/news/economy/obamacare-families/


...Barbara Moeller is a nurse at a hospice facility who could get coverage from her employer for $218 a month, or about 8.2% of her salary. But were she to add her husband Eric, a stay-at-home dad, to the plan, the monthly premium would soar to $490. Including their daughter would send the cost skyrocketing to $620.

Ineligible for federal help because Barbara Moeller has "affordable" coverage at work for herself, the couple face shelling out hundreds more a month to cover them both on her work policy or having her enroll in a solo policy at work and him in an unsubsidized exchange plan. The cheapest one Blue Cross offers is $334 a month, with higher deductibles and co-pays than they currently pay.

There is a third option that Eric Moeller says he'll likely select: Become uninsured. The family, which drives 15-year-old cars and lives without smart phones and cable television, simply can't handle the premium hike, he said.

The small silver lining: He won't have to pay a penalty for lacking coverage because the policies would cost more than 8% of the family's income.

"If you are going to mandate I do something, you should be ready to help me out with it," said Eric Moeller, who plans to look for work. "There's no way we can afford it."

 

Demeter

(85,373 posts)
55. Jefferson County, Ala., Seeks to ChangeDebt Pact
Sat Oct 12, 2013, 07:49 PM
Oct 2013
http://online.wsj.com/article/SB10001424052702303382004579129722818550620.html

Jefferson County, Ala., leaders met this past week with J.P. Morgan Chase & Co. and others to try to redraw the terms of their proposed $1.9 billion debt settlement, in another sign that the county's plan to get out of bankruptcy by the end of the year is in jeopardy.

County leaders have warned that their bankruptcy-exit plan may not work without improvements in the municipal-bond market, which has been rattled by Detroit's bankruptcy filing and Puerto Rico's financial woes. The leaders sat down with bank officials and other sewer-debt holders to try to renegotiate the settlement terms in order to save the deal.

Jefferson County Commission President David Carrington called the meetings "productive," but didn't say whether the proposed changes would be enough for the county to move forward with the refinancing of some of the $3.1 billion it borrowed to fix its aging sewer system.

Mr. Carrington said he was "disappointed" that several hedge-fund investors—that hold about $900 million of the county's sewer debt and were invited to the talks—didn't attend. An attorney who has represented the hedge funds didn't respond to requests for comment Friday...

VULTURES!
 

Demeter

(85,373 posts)
57. America's Toilet Turnaround
Sat Oct 12, 2013, 08:23 PM
Oct 2013

After Years of Moving Work Overseas, Remaining Factories Ramp Up U.S. Output

http://online.wsj.com/news/articles/SB10001424052702303983904579093463623447196

In previous management jobs, Jim Morando watched Chinese imports engulf the U.S. market for vinyl tiles, wood flooring and window blinds.

Now, as president of Mansfield Plumbing Products, a toilet manufacturer here, Mr. Morando says he has decided to "stand and fight."

After decades of losing out to foreign rivals, U.S. manufacturing of toilets is making a surprising, if modest, comeback—mostly under foreign ownership...MORE

xchrom

(108,903 posts)
59. SOCIAL SECURITY RAISE TO BE AMONG LOWEST IN YEARS
Sun Oct 13, 2013, 09:24 AM
Oct 2013
http://hosted.ap.org/dynamic/stories/U/US_SOCIAL_SECURITY_COLA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-10-13-08-30-59

WASHINGTON (AP) -- For the second straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.

Preliminary figures suggest a benefit increase of roughly 1.5 percent, which would be among the smallest since automatic increases were adopted in 1975, according to an analysis by The Associated Press.

Next year's raise will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

The exact size of the cost-of-living adjustment, or COLA, won't be known until the Labor Department releases the inflation report for September. That was supposed to happen Wednesday, but the report was delayed indefinitely because of the partial government shutdown.

xchrom

(108,903 posts)
60. HOPE REMAINS FOR GLOBAL RECOVERY BEYOND US IMPASSE
Sun Oct 13, 2013, 09:29 AM
Oct 2013
http://hosted.ap.org/dynamic/stories/U/US_GLOBAL_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-10-13-05-07-00

WASHINGTON (AP) -- Worries about a possible U.S. debt default cast a pall over weekend meetings of global financial leaders in Washington. But they ended with some hope over signs that the U.S. and European economies are pulling out of long slumps.

During three days of talks revolving around meetings of the 188-nation International Monetary Fund and its sister lending agency, the World Bank, top officials pressed the U.S. to resolve the political impasse over the debt ceiling. The standoff has blocked approval of legislation to increase the government's borrowing limit before a fast-approaching Thursday deadline.

U.S. Treasury Secretary Jacob Lew has warned that he will exhaust his borrowing authority Thursday and the government will face the prospect of defaulting on its debt unless Congress raises the $16.7 trillion borrowing limit.

"We are now five days away from a very dangerous moment," World Bank President Jim Yong Kim warned at the closing news conference on Saturday. "I urge U.S. policymakers to quickly come to a resolution before they reach the debt ceiling deadline. The closer we get to the deadline, the greater the impact will be for the developing world."

xchrom

(108,903 posts)
61. CHINA REPORTS UNEXPECTED DROP IN SEPTEMBER EXPORTS
Sun Oct 13, 2013, 09:34 AM
Oct 2013
http://hosted.ap.org/dynamic/stories/A/AS_CHINA_TRADE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-10-11-23-59-04

BEIJING (AP) -- China's exports suffered an unexpectedly sharp decline in September amid weak global demand but imports grew.

Exports fell 0.3 percent to $185.6 billion, a customs official said at a news conference. That fell short of private sector forecasts of growth at least in low single digits following August's 7.2 percent growth.

"China's dependence on external demand weakened," said the official, Zheng Yuesheng, deputy director-general of the customs agency's statistics department. "This shows China's economic development has transformed from being driven by external demand to domestic demand."

The figures also might be affected by efforts to improve the accuracy of trade data. Some analysts say earlier export data were inflated, which would make more accurate recent numbers weaker by comparison. Zheng gave no details but said September trade growth looked unusually weak due to comparison with last year's strong "base number."
 

Demeter

(85,373 posts)
62. ASIMOV'S OTHER FOUNDATION: PSYCHOHISTORY
Sun Oct 13, 2013, 03:02 PM
Oct 2013

Psychohistory is a fictional science in Isaac Asimov's Foundation universe which combines history, sociology, etc., and mathematical statistics to make general predictions about the future behavior of very large groups of people, such as the Galactic Empire. It was first introduced in the five short stories (1942–1944) which would later be collected as the 1951 novel Foundation

Axioms

Psychohistory depends on the idea that, while one cannot foresee the actions of a particular individual, the laws of statistics as applied to large groups of people could predict the general flow of future events. Asimov used the analogy of a gas: an observer has great difficulty in predicting the motion of a single molecule in a gas, but can predict the mass action of the gas to a high level of accuracy. (Physicists know this as the Kinetic theory.) Asimov applied this concept to the population of his fictional Galactic Empire, which numbered a quintillion. The character responsible for the science's creation, Hari Seldon, established two axioms:

  • that the population whose behaviour was modeled should be sufficiently large
  • that the population should remain in ignorance of the results of the application of psychohistorical analyses

    There is a third underlying axiom of Psychohistory, which is trivial and thus not stated by Seldon in his Plan:

  • that Human Beings are the only sentient intelligence in the Galaxy.

    Psychohistory has one basic, underlying limitation which Asimov postulated for the first time on literally the last page of the final book in the Foundation series: psychohistory only functions in a galaxy populated only by humans. In Asimov's Foundation series, humans form the only sentient race that developed in the entire Milky Way Galaxy. Seldon developed psychohistory to predict the actions of large groups of humans. Even robots technically fall under the umbrella of psychohistory, because humans built them, and they thus represent more or less a human "action", or at least, possess a thought-framework similar enough to that of their human creators that psychohistory can predict their actions. However, psychohistory cannot predict the actions of a sentient alien race; their psychology may differ so much from that of humans that normal psychohistory cannot understand or predict their actions.

    The end of the series offered two possibilities:

  • sentient races actually very rarely develop, such that only humans evolved in the Milky Way Galaxy, and in most other galaxies, it appears probable (given this assumption) that only one sentient race would develop. However, statistically two or more alien races might evolve in the same galaxy, leading them into inevitable conflict. The fighting in this other galaxy would only end when one race emerged the victor, and after the prolonged conflict with other races, would have developed an aggressive and expansionist mindset. In contrast, humans had never encountered another sentient species in the Milky Way Galaxy, so they never felt greatly compelled to expand to other galaxies, but instead to fight other humans over control of the Milky Way. Eventually, such an aggressive alien race would expand from galaxy to galaxy, and eventually try to invade the Milky Way Galaxy.

  • through genetic engineering, subsets of humanity could alter themselves so significantly from baseline humans that they could for all intents and purposes be considered "aliens". Specifically exemplifying this theory we find Asimov's Solarians: humans evolved from an old Spacer world who had genetically modified themselves into hermaphrodites with telekinetic mental powers.


    Some literary critics have described Asimov's psychohistory as a reformulation, either for better or worse, of Karl Marx's theory of history (historical materialism), though Asimov denied any direct influence. Arguably, Asimov's psychohistory departs significantly from Marx's general theory of history based on modes of production (as distinct from Marx's model of the capitalist economy, where "natural laws" work themselves out with "iron necessity&quot in that psychohistory is predictive (if only in the sense of involving precisely stated probabilities), and in that psychohistory is extrapolated from individual psychology and even from physics. Psychohistory also has echoes of modernization theory and of work in the social sciences that by the 1960s would lead to attempts at large-scale social prediction and control such as Project Camelot.

    http://en.wikipedia.org/wiki/Psychohistory_%28fictional%29


    Foundation and Reality: Asimov’s Psychohistory and Its Real-World Parallels— by Mark Cole —


    http://clarkesworldmagazine.com/cole_11_12/



    “Psychohistory dealt not with man, but with man-masses. It was the science of mobs; mobs in their billions. It could forecast reactions to stimuli with something of the accuracy that a lesser science could bring to the forecast of a rebound of a billiard ball. The reaction of one man could be forecast by no known mathematics; the reaction of a billion is something else again.”

    —Isaac Asimov, Foundation and Empire


    Robots. That’s what most people think of first when they think of Isaac Asimov—and certainly, his stories about the Three Laws of Robotics are among the best he wrote. But he also came up with another unique and equally memorable science fiction concept: psychohistory.

    Psychohistory (originally hyphenated as “psycho-history”) first appeared in the short stories Asimov would later collect in his episodic novel Foundation. Set in a distant future, the book details a vast, galactic empire which has controlled thousands of inhabited worlds for 12,000 years. The empire is on the verge of breakdown. However, very few people have realized this, primarily those working with the great mathematician Hari Seldon. Seldon’s mathematical models have shown conclusively that the Empire will collapse within a few hundred years, followed by a 30,000 year dark age before civilization is rebuilt.

    Seldon’s great accomplishment was his reinvention of the discipline of psychohistory. What had been little more than a set of vague axioms became, under his leadership, a profound statistical science, capable of charting the rise and fall of civilizations—and even, Seldon argued, of guiding the course of civilization so that the 30,000 years of darkness could be reduced to a mere millennium.

    The underlying logic of psychohistory resembles Boyle’s gas law: The molecules in a gas move in a purely random way, and yet, collectively, that random behavior become predictable. So if you get enough people together (and Asimov very carefully avoided any suggestion of just how many), you could reduce the apparently random actions of billions of human beings to a set of physical laws describing the behavior of civilizations. That number, the Seldon constant, was extremely high—high enough that it could only be found in the vastness of the Galactic Empire.

    On the surface this sounds fairly plausible, even if the degree of accuracy Seldon claimed for his work doesn’t. Yet it is far from clear that Asimov believes in his own invention. As in his stories about the Three Laws of Robotics, Foundation works because of the tension between the turn of events in the plot and whether they will lead to the next scheduled “Seldon Crisis.” Will the plan succeed, or will it fail?

    In fact, the plan does fail by the end of the second novel, although this happens only because of an event which no one could have predicted: the rise of a mutant leader with enormous mental powers.

    Whether he believed in psychohistory or not, Asimov was not alone in suggesting that a scientific approach to history would allow us to predict future trends.

    Karl Marx’s notion of historical materialism was one of the first attempts at a scientific approach to history. In his view, the motor driving all of history was the means of production. As new technologies and methods changed how people produced the things they needed, he argued, this changed all of society. This historical progression would lead inevitably through a series of necessary steps towards the ultimate goal of history: socialism.

    While many socialist thinkers have tinkered with Marx’s basic formulation, most versions start with what is called “primitive communism” (in prehistoric tribal societies), followed by ancient society, feudalism, and finally capitalism. Each one of these stages represents a different way in which people produced the goods they needed to survive—and a different way of living.

    It should be noted, however, that, despite the term “scientific,” Marx’s system is not empirical but deduced from his own first principles.

    Many of Asimov’s readers have in fact suggested that Marx was one of the major influences on psychohistory. However, Marx’s historical materialism bears little resemblance to Asimov’s conception. Seldon’s system appears to include far more than the purely economic factors Marx would allow—with the second crisis leading to the establishment of what amounts to a religion. What is far more important, though, is that Marx pictures a clear, evolutionary progress, each stage representing a more advanced society than the last, whereas Hari Seldon’s science predicts not a progression, but the cyclic rise and fall of civilizations—both development and decay. Psychohistory more closely resembles the work of a handful of 20th-century thinkers who dared to reject the standard, evolutionary view of society: most notably, Oswald Spengler, Arnold Toynbee, and Pitirim Sorokin.

    .................................................


    There is even a real-world discipline that calls itself psychohistory, although it bears little resemblance to Hari Seldon’s version.

    In the real world, psychohistory is an attempt to apply psychology to history, to gain a greater understanding of what caused past events. It tends to focus on issues related to childhood—and most notably, questions of incest and other forms of sexual abuse. Some psychohistorians hope that by perfecting our methods of rearing children, we might eliminate war and international hatreds. This is about as close to Asimov as it gets.

    Psychohistory has never quite emerged from its academic shantytown and remains controversial. There are no departments of psychohistory, even if a few colleges do have courses in it. Many of their fellow historians have questioned their vast grab-bag of assorted methods and think that their reconstructions of past historical figures involve a lot of guesswork. Others question whether it should be considered a separate discipline at all, as mainstream historians have long attempted to explore psychological motivations.

    One aspect of the real psychohistory, however, points in a very different direction—towards a forgotten understanding of history that might have more bearing on Hari Seldon’s story than Marx, Spengler, Toynbee, or Sorokin. For it does not always look at mass psychology, and cultural analysis, but it also attempts to understand the psychological motivations of historic individuals.

    While the image of history as an ever upward, evolutionary process may have been the orthodox belief at the time of Spengler, it had itself replaced an even older view. Rather than seeing history in terms of sweeping trends, this older view held that it was the choices made by individuals which have shaped history. It is a view which has never quite died, finding support at the time from a number of mostly Catholic scholars, notably Christopher Dawson, Hilaire Belloc, and Sir Herbert Butterfield.

    Despite all of Hari Seldon’s talk of grand historical trends and mathematical predictions, the irony is that the new future he crafts is ultimately the result of the actions of a single man: Hari Seldon.

    It is his refinement of the science of psychohistory, his predictions, his establishment of the Seldon institute, and the shadowy Second Institute that reshape history. Even though he may have made his choices based on mathematical models, they are still his choices. Without them, the history of the galaxy would have looked quite different.

    Whether or not Isaac Asimov believed that psychohistory was possible, the story of Hari Seldon is not of one of randomness and blind forces, determinism, and the laws of science, but of a single remarkable man whose actions reshape the history of the galaxy.

    One does have to wonder, however, if Dr. Asimov ever noticed this.



    IF I HAD TO NOMINATE A SINGLE REMARKABLE MAN WHOSE ACTIONS SHAPED HISTORY, ASIMOV WOULD BE ON THE SHORT LIST.

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    Demeter

    (85,373 posts)
    63. Thank you all for indulging me with your attention as I ride several hobby horses here
    Sun Oct 13, 2013, 03:05 PM
    Oct 2013

    I'm going to call it a wrap. I hope you felt some of the positive attitudes of the Golden Age of science fiction, and hard science fiction, at that.

    And while there's no resolution of our current crisis this weekend, I do think that arresting the ringleaders of the Shut Down the Govt. plot for sedition should be part of the package...I for one consider their behavior as criminal, and not only criminal, but a crime against humanity.

    antigop

    (12,778 posts)
    64. Holy moly! Is this true about the networks for PPACA?
    Sun Oct 13, 2013, 03:37 PM
    Oct 2013
    http://www.nakedcapitalism.com/2013/10/obamacare-narrow-networks-how-they-affect-doctor-specialties.html

    Lambert here. Most coverage of ObamaCare (ACA) policies available through the Exchanges, especially Democratic-friendly coverage, has focused on the price of policies, rather than their value. This post focuses on value, and shows why the distinction between “in-network” and “out-of-network” coverage is important. At least in the case tested here, insurance companies are shown to “narrow” their networks, and hence the coverage available to their policyholders, to exclude specialties like oncology, cardiology, internal medicine, and neurology.

    As we venture into the world of narrow health care provider networks, I thought I would take some time to study what they really mean, in terms of how the new networks might affect patients’ access to specialty care services. To do this, I compared the current landscape of provider networks with those that will be available on the Exchanges. I used Washington State as a case study. Your mileage may vary, but you will very likely find similar information by querying insurance providers in your state, given that the narrow networks on the Exchange plans are a nationwide paradigm change.

     

    Demeter

    (85,373 posts)
    65. I was just reading that
    Sun Oct 13, 2013, 05:18 PM
    Oct 2013

    That's probably the good news, too. This thing has yet to be completely discredited. But it's well underway.

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