Blogs

Can you steal a free newspaper?

Restating the Obvious

Free if you can find it Possibly not but it is well-established that if you take a lot of them you may be guilty of some crime or other -- perhaps malicious mischief. The thought arises from a report in the Los Angeles Times (which I have not seen anywhere else even though it happened weeks ...

Reverence for $$$

Restating the Obvious

In a really terrible story, the New York Times calls Hank Greenberg a revered Wall Street titan. Considering the complete lack of morality and realism on Wall Street, this characterization is no doubt accurate enough but for newspaper readers it calls for some context. Greenberg was head of A ...

Goosing the VIX

Restating the Obvious

Whatever Whiny Baby Donald thinks he's doing with respect to trade especially trade with China, all he's actually done so far is goose the VIX. That's the Volatility Index which some market analysts think is important although everyone seemed just fine with a quiet VIX while the market was ...

Not just for white doofuses any more

Restating the Obvious

So, the murderer who stalked YouTube was not a white man who couldn't get a date but a bloodthirsty and female vegan. This will make life harder for the profilers who will no longer be able to say glibly that the suspect was probably a young white man the next time some screwball with a ...

Nuts! Nuts! Nuts!

Restating the Obvious

Eventually the Second Amendment to the Constitution will be repealed. Gun nuts cannot imagine such a thing, but that is because they don't know anything about their own history. The slaveocracy could not imagine that slavery could ever be ended in the United States, and when William Lloyd ...

Big mystery

Restating the Obvious

Today is the day the Christian celebrate the central mystery and dogma of their cult. And a very mysterious mystery it is, too, if you think about it. Christians never do. They study it, they argue about it, they kill each other when they disagree about it; but they never think about it. If ...

Our last trade war

Restating the Obvious

I have been thinking over the commentaries I'm seeing about Trump's coming trade war and I am not impressed. Trade wars are a bad thing, usually, but some of the predictions I have been reading do not match very well with our trade war with Japan. Trump, for example, thinks that once we get ...

The summit that ain’t

Restating the Obvious

I have bet one amero with a friend the Trump and Kim never meet. There is no document from the North Korean government requesting a meeting. Nothing oral either. Just a comment from a South Korean. Trump got rolled. Again. That's what happens when you don't do staff work.

Allianz catches up

Restating the Obvious

What took it so long? “In our view, its intrinsic value must be zero,” Stefan Hofrichter, the company’s head of global economics and strategy, wrote in a recent web post. “A bitcoin is a claim on nobody – in contrast to, for instance, sovereign bonds, equities or paper money – and ...

Pinhead’s pinpricks

Restating the Obvious

Before we get all bent out of shape about tariffs on foreign steel and aluminum, let us note that imports of steel and aluminum amount to about 1/500th of the U.S. economy. Yes, the tariffs are a bad idea; and yes, Trump is an economic nitwit living in a mercantilist mindset that was abandoned ...

Shut up, Monica

Restating the Obvious

Monica Lewinsky shows up in Vanity Fair looking for attention, again, this time claiming that her fling with Bill Clinton represented a gross abuse of power by him. (See https://www.vanityfair.com/news/2014/05/monica-lewinsky-speaks) No it didn't. Many gross abuses of power have been revealed ...

Dirty secrets

Restating the Obvious

There are 20 million pigs in Iowa, but you can drive through the state for hours without ever seeing one. Most live in big sheds called confinement units, bland, windowless metal warehouses that sometimes hold 2,000 or 3,000 hogs Each shed is built over a pit with a slatted floor so that the ...

2 things that I cannot understand

Restating the Obvious

1. Interim security clearance. The whole concept of security clearances is a dog’s breakfast. To be any good at all, this system has to be close to 100% effective. That security clearances are nowhere near that effective is proven by the names Bradley Manning, Aldrich Ames, Klaus Fuchs ...

Not nearly good enough

Restating the Obvious

The serious press -- Times, Post, LA Times, Bloomberg -- is calling the "sanctions" against Wells Fargo a stunning example of serious repercussions for criminality at Wells Fargo. Stunning is right, as I didn't expect anything, but serious, no. (As I write this, Todd Zwillich on "The Takeaway" ...

Want extra stupid with that?

Restating the Obvious

It is not a simple thing to select the stupidest statement of the day from the rightwing. The competition is fierce. But on some days, the fog clears. Such a day was last Friday. The defense ministers of the United States and South Korea met in Hawaii. The American, Mattis, said something ...

Drunk and disorderly

Restating the Obvious

The Financial Times, of all people, reports on bad behavior at a London charity fundraiser for men only. (See https://www.ft.com/content/075d679e-0033-11e8-9650-9c0ad2d7c5b5) I have a number of things to say about it, but all inside baseball, if my readers will indulge me. First, this ...

Unguarded comments

Restating the Obvious

Just when the Trumpeters were, somewhat languidly, pushing back against their fuehrer's latest racist imbroglio, out tumbles the audio record of one of WBD's appointees, in this case a spokesman for the agency that runs AmeriCorps. (See ...

Maybe the Russians have it

Restating the Obvious

Another NSA screw-up, unless it was deliberate. (See https://www.politico.com/story/2018/01/19/nsa-deletes-surveillance-data-351730) "The National Security Agency destroyed surveillance data it pledged to preserve in connection with pending lawsuits and apparently never took some of the ...