Saint Thomas Aquinas - quotation

Thursday 19 January 2012 at 08:58 am

St. Thomas Aquinas: A government which governs least, governs best. But a government can only govern least if the laws of God are daily impressed upon it.

How Obama's Long Game Will Outsmart His Critics

Monday 16 January 2012 at 8:09 pm

Andrew Sullivan: How Obama's Long Game Will Outsmart His Critics

Jan 16, 2012 12:00 AM EST

The right calls him a socialist, the left says he sucks up to Wall Street, and independents think he's a wimp. Andrew Sullivan on how the president may just end up outsmarting them all.

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Costa Concordia Hits Rocks Very Close to Shore

Monday 16 January 2012 at 03:52 am

Here are good pictures of the shipwreck.  Notice how close the mammoth ship is to shore. Read more

MODEL RAILROADING

Friday 13 January 2012 at 12:45 am

MODEL RAILROADING

The Germans.  Can you imagine spending 500,000 hours to build a 1300 square meter layout of trains, including 900  locomotives and 12,000 cars, and more. 

Global Economy Could Endure Disaster For a Week

Saturday 07 January 2012 at 11:00 am

Global Economy Could Endure Disaster For a Week


The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, a report by a respected think-tank said.

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OCCUPY WALL STREET FOUNDER MAKE BIG MONEY

Saturday 07 January 2012 at 10:56 am

Wall Street money for Warren

warren.jpgI thought Elizabeth Warren was all about transparency.  We are all still waiting for her to file the required financial disclosure form.

The Oklahoma Professor has been criticizing Scott Brown for being “Wall Street’s favorite Senator.”  She has also denounced “Wall Street cash in politics.” 

But it turns out she may be indirectly accepting Wall Street money.  The Democrat Senatorial Campaign Committee, which is helping the Harvard Professor, has taken over $40 million from Wall Street during the last 7 years according to records from OpenSecrets.org.  In fact, Wall Street is the biggest contributors to them.  They beat lawyers and labor union.  Just during this election season the DSCC has already received $1.5 million from Wall Street.

If Lizzy Warden is truly opposed to Wall Street money, then shouldn’t she reject the DSCC’s money?  Otherwise she is just using the DSCC to funnel in Wall Street money

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Learning Adobe Illustrator CS5.5

Friday 06 January 2012 at 11:10 pm

 Learning to create custom shapes:

I created a clover vector image..

 

  1. This was creating by combining shapes, two circles and a sqaure turned sideways like a diamond, created each heart shape. 
  2. Then each heart peice was cloned using ALT drag. Fliped and rotated to peice them in. 
  3. Then all the peices were combined into one shape, using [Combine].
  4. Then a stem was made by connecting 2 rectangles, one being at an angle, and the peices combined.

~RiCK

Credits to the following tutorial for teaching me how to do this: 

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THE CHUCK FEENEY STORY - THE GREATEST PHILANTROPIST

Friday 06 January 2012 at 10:47 pm

GIVING WHILE LIVING

THE GREATEST PHILANTROPIST


Obama’s Parents

Tuesday 03 January 2012 at 2:54 pm

Obama’s Parents

To those of us who hoped that Barack Obama’s election marked a departure from right-wing rule, the president’s failure of leadership has been stunning. Seldom have insurgent expectations – even sceptical, guarded ones – been deflated so swiftly. From the moment he announced his staff and cabinet appointments (Rahm Emanuel, Timothy Geithner, Lawrence Summers, Hillary Clinton, Robert Gates et al) it was clear that Obama meant to play by the same Washington rules that created the policy disasters he inherited from George W. Bush. Obama had retreated into politics as usual. He never looked back. One did not have to be a sentimental utopian to be disappointed.

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DEBT MATTERS: $7.6 TRILLION OF DEBT MATURING

Monday 02 January 2012 at 9:53 pm

World’s Biggest Economies Face $7.6 Trillion Bond Tab as Rally Seen Fading

Here are some interesting numbers to digest. Wow???

tom:thanx for a great response;  informed and well thought out. I plan to include it on my blog when I flesh out my entire thoughts.  BUT, I disagree with your conclusions.

 debt matters:

1.         how does the debt compare with income? and our ability to pay it down. to maintain liquidity, debt must be paid  down.

2.         when debt exceeds GDP, as we are faced with at this instant, one becomes vulnerable to the equilibrium trap  which the euro is facing and japan faces in spades!!  we are all lucky now because interest rates are suppressed at  give/take  1%.  but excessive debt eventually leads to inflation because that is the only way to get rid of excessive debt liabilities like social security.

3.         how does the rate of debt interest compare with the rate of gdp growth; and all the permutations and combinations of such a rate analysis?

4.         what is the rate of population growth? this is critically important for the euro and japan where fertility rates have plunged.  fortunately the usa is growing because of legal and illegal immigration;  and someday will reach 500 million, perhaps before 2050; at which time the USA will be totally bilingual with spanish the dominant language and english the univeral business language.

5.         how will the debt be repaid? either by (1) cutting spending; (2) default; (3) contrived inflation.  Economist Klugman (sic) favors (2) and  (3) in a recent article, which will piss off the chinese but will particularly hurt seniors in the USA;  and that is when political alignments will be realigned for a long time. Unfortunately raising taxes cannot solved the debt problem; why? not enough of a tax base. the top 10% are already paying 75% of the taxes.  and when people en masse start to really cheat and avoid taxes, the government is held hostage, (like Greece and Italy). Our jails are already too crowded.

6.         what is the rate of growth of the debt

7.         and ad nauseum!

The Japanese culture is among the finest on the planet.  Homogeneous, tough minded and hard working people with the tightest of all cultures on the planet. [thank God and HST, we did not invade Japan. We would have had to kill off all 100 million Japanese men, women and children.]  Their economy was recently crippled with the worst natural disaster [quake and tsunami] in decades and they did not blink nor whine or play the blame game like the democrats and the N'orleaners;  they pull together and rebuild. Yes, they have self-financed and own their enormous debt per capita.  BUT THEY ALSO KNOW their culture will be crippled because their fertility rate is only 1.39 causing their population to rapidly decrease as it doing right now as we talk; and when they decide to take action (not sure how?) it may take 100 years to recover. so they are leaving a massive debt per capital problem for their children.

Tom's original reply on next page.   NOTE:  I probably missed an important point:  Ask a mortgage holder who is underwater whether debt matters.

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