Pity John Kerry; racing back and forth between Washington and Ramallah and Tel Aviv, twisting arms here and kissing ass there, all to bring the Israelis and the Palestinians to the negotiating table for the first time in three years.
So what better time for the knobs in Congress to declare Jerusalem the "undivided capital of Israel for historical, biblical, and moral reasons!"
This might look like a good strategy from inside the beltway, but what's it look like to the rest of the world? Is there anyone outside the beltway who doesn't fall over laughing at the premise that the US makes foreign policy decisions for moral reasons?
As for invoking sacred texts, does that not sound like something we'd expect from some benighted theocracy?
And where else on the planet does the US reference 3,000 year old historical claims when weighing in on contemporary security matters?
The only practical effect of H.R. 2846 is to strip Mahmoud "Uncle Tom" Abbas of what little credibility he still enjoys.
But maybe that's the whole point; antagonize the PA delegation away from the table before negotiations start, just to prove once and for all that there is no partner for peace.
Saturday, August 3, 2013
Friday, August 2, 2013
Hot stock tips for Louis Proyect
Don't know how "hot" these are Louis, but I'm always keen to help out a fellow traveller.
I made a list of stinkers to avoid not too long ago.
Postmedia Networks would be a lovely short play if you can find any shares to short. The company is essentially bankrupt, but the corpse is still twitching and probably will for a while longer, but in the not too distant future the company will be but a distant and not particularly fond memory.
I'll admit I missed the boat on Facebook. They've actually regained their issue price since I wrote that. Still think they're vulnerable when the NEXT BIG THING pops up.
Now I don't know to what extent you're a big picture guy, Louis, but somewhere along the line these big gold companies are going to be a buy opportunity. Barrick is around $17 now. There is an awful lot of bullshit around all the gold miners. They've been doing write-downs like crazy because the price of gold has gone from $1,900 to $1,300.
Here's the mystery; all that stuff they are writing down was in the planning stages years ago when gold was well under $1,000. I think a lot of these write-downs are essentially fraudulent. The big boys could come out of the grave in a hurry any time. I suppose a lot depends on how comfortable you are owning shares in companies that are implicated in the most egregious abuses of the environment and human rights in their host countries.
And of course the multiple billions that will eventually have to be coughed up to cover the Lac Megantic disaster threaten Bill Ackman's magical turn-around at CP Rail, so you might want to consider that as a short.
That's not much, but I hope it helps.
In solidarity,
I made a list of stinkers to avoid not too long ago.
Postmedia Networks would be a lovely short play if you can find any shares to short. The company is essentially bankrupt, but the corpse is still twitching and probably will for a while longer, but in the not too distant future the company will be but a distant and not particularly fond memory.
I'll admit I missed the boat on Facebook. They've actually regained their issue price since I wrote that. Still think they're vulnerable when the NEXT BIG THING pops up.
Now I don't know to what extent you're a big picture guy, Louis, but somewhere along the line these big gold companies are going to be a buy opportunity. Barrick is around $17 now. There is an awful lot of bullshit around all the gold miners. They've been doing write-downs like crazy because the price of gold has gone from $1,900 to $1,300.
Here's the mystery; all that stuff they are writing down was in the planning stages years ago when gold was well under $1,000. I think a lot of these write-downs are essentially fraudulent. The big boys could come out of the grave in a hurry any time. I suppose a lot depends on how comfortable you are owning shares in companies that are implicated in the most egregious abuses of the environment and human rights in their host countries.
And of course the multiple billions that will eventually have to be coughed up to cover the Lac Megantic disaster threaten Bill Ackman's magical turn-around at CP Rail, so you might want to consider that as a short.
That's not much, but I hope it helps.
In solidarity,
RIP First Amendment
It's rare today to see cogent criticism of government in the corporate press.
And just in case some keener within that culture thinks she might want to tell it like it is, she should ask Drew Johnson how that worked out for him.
Johnson was until a couple of days ago editor of the Chattanooga Times Free-Press. By all accounts he liked his job and was good at it.
Johnson's downfall was the result of an op-ed he wrote after Obama visited a local Amazon warehouse earlier in the week. There Obama unveiled a "grand bargain" jobs strategy that was long on rhetoric and devoid of specifics, but seemed to imply that if we could all just get $11/hr jobs as stock-pickers in mega-warehouses America's middle class will be saved!
Drew is sharp enough to know bullshit when he hears it, and his op-ed the next day was titled "Mr President, take your job plan and shove it." Not only was it concise and drew the reader in, it also had a witty country music reference apropos of a Tennessee newspaper.
Alas, Mr. Johnson is now unemployed.
So much for freedom of speech in the media.
And just in case some keener within that culture thinks she might want to tell it like it is, she should ask Drew Johnson how that worked out for him.
Johnson was until a couple of days ago editor of the Chattanooga Times Free-Press. By all accounts he liked his job and was good at it.
Johnson's downfall was the result of an op-ed he wrote after Obama visited a local Amazon warehouse earlier in the week. There Obama unveiled a "grand bargain" jobs strategy that was long on rhetoric and devoid of specifics, but seemed to imply that if we could all just get $11/hr jobs as stock-pickers in mega-warehouses America's middle class will be saved!
Drew is sharp enough to know bullshit when he hears it, and his op-ed the next day was titled "Mr President, take your job plan and shove it." Not only was it concise and drew the reader in, it also had a witty country music reference apropos of a Tennessee newspaper.
Alas, Mr. Johnson is now unemployed.
So much for freedom of speech in the media.
Thursday, August 1, 2013
Berlusconi framed!
It's true!
Berlusconi himself just said so on TV!
What more proof could you possibly need?
That tax fraud stuff? A fiction from top to bottom and end to end! A vile smear concocted over 50 years by the enemies of Silvio Berlusconi!
And let's not even get into the bunga-bunga... the salacious accusations motivated by nothing more than envy! If those crabbed leftist Berlusconi haters could from time to time engineer some sexy-time with an underage illegal immigrant, then they too would understand that this is nothing more than a matter of the heart.
Please, let's lighten up on Berlusconi!
Berlusconi himself just said so on TV!
What more proof could you possibly need?
That tax fraud stuff? A fiction from top to bottom and end to end! A vile smear concocted over 50 years by the enemies of Silvio Berlusconi!
And let's not even get into the bunga-bunga... the salacious accusations motivated by nothing more than envy! If those crabbed leftist Berlusconi haters could from time to time engineer some sexy-time with an underage illegal immigrant, then they too would understand that this is nothing more than a matter of the heart.
Please, let's lighten up on Berlusconi!
Brothers
You've met my brother "the Kid" here before; serial survivor of everything from spectacular car crashes to exploding house-trailers.
This is not about him, it's about the brother we call "the Tree
Guy." He's called that because he turned a youthful bent for long solitary walks in the woods into a career as an expert arborist.
Not that the Kid has gone quietly into the night. In fact, when I last saw him a couple months ago he was sporting some facial abrasions that shouted out "barroom brawl."
You're getting a little old for that kind of shit, aren't you?
Turns out it wasn't that at all; it was a bicycle accident. Ya, the kid gets pretty much everywhere he needs to go by bicycle. Never owned a driver's licence in his life.
Why not?
"Well, I only drive when I'm pissed, so I don't really see the point in having a licence..."
Have to admit he's onto something there.
Anyway, the Kid and the Tree Guy and me grew up in what was a fairly devout Christian home. Church every Sunday and usually some other church activity at least once during the week.
This brought with it a lot of typical Christian baggage, which I'd have to admit for the most part was little more than practical rules for living. No stealing or swearing or talking back to one's elders and so on.
Around the time I got to high school I was becoming aware of the fact that I was way smarter than my parents. I was pretty much smarter than anybody on the planet. I was especially way, way smarter than my Sunday School teacher.
That was a kindly black dude who really should have given me a kick in the pants, but he was way too nice of a human being to do that. Every Sunday morning I'd torture him with the kind of juvenile critique of Christianity that Bill Maher still indulges today.
Virgin birth? Ya right! (smirk smirk)
Walked on water? Was He wearing skates? (smirk smirk)
Turned the water into wine?... now we're talking! (triple smirk)
Via a confluence of circumstances I was able to leverage my boredom with Sunday School and my urgent need for more time to do homework for high school into a church exemption! I lobbied my parents hard on this and eventually they relented. I would be permitted to stay home on Sunday morning to do homework.
I can fess to this now, because my parents are long past wanting to give me a hiding, but I totally pulled the wool over their eyes on this one. I'm pleased to say that I sailed through high school a solid "C" student without ever doing as much as a minute of homework!
And while for the most part I hated it, it was not without its moments. I remember that in 9th grade we had an all-boy class in French with a generally unflappable Mrs. Woodhouse. By generally unflappable I mean by November we'd figured out that there'd be a couple of days every month when it didn't take much to set her off.
French at the time was a "mandatory" class for the program I was in. You didn't have to pass it; you just had to take it and you automatically got the credit!
Talk about an incentive for unbridled assholery!
There was another kid in the class who shared my interest in biology, and between us we were soon able to predict Mrs. Woodhouse's PMS days. Those would be the days when we'd go all out to send her over the edge. There was rarely a month for the rest of the school year when we didn't have the poor woman fleeing the room in tears at least once.
One of my favorite stunts was dismantling desks and sending the parts out the third floor window. It wasn't as funny as when I sent Evan Jones out the window back in grade eight, but it was still pretty cool.
We had a real law-and-order type bossing over us in 8th grade. One day she had to leave the room for a minute. Evan was leaning out the window and I just meant to give him a scare, but... whoopsie! There goes Evan!
Luckily that was on the first floor. But there was a honkin' big mud puddle right there where Evan landed. Mrs. McColl comes back to the room and Evan's sitting studiously at his desk like nothing happened, except there's muddy footprints leading to his desk and there's water dripping off him!
But I digress... this was about Sunday School, not high school.
So the folks decided that they'd give me Sunday morning to do my homework. They had two cars at the time; a 1964 Rambler Classic and a 1967 Chevy Bel Air wagon. Obviously they only needed one of them to drive to church.
I'd wait till they were out the drive and then I'd be out the drive in whatever car they left behind!
The next concession towards Maryhill way had just recently been paved, and I'd head over there to find out just how fast these cars could go.
The six-cylinder three on the tree Rambler was pretty much topped out at 90 mph. But that Bel Air! Let me tell you; I lived for the Sunday's the family took the Rambler to church.
I could get 110 mph out that 283 powerglide combo!
This went on for quite some time. Then one day, when I was having some sort of dispute with the brother who would become the "Tree Guy," he lets it slip that his buddy who lives on the next concession has been in awe of whoever is driving those cars past his house really fast every Sunday morning...
Well!...
If that wasn't enough, he also let me know that his favorite Playboy model in the magazines under my mattress was Miss February.
Needless to say that was the end of my bullying that sibling.
In fact, he pretty much earned himself a carte blanche. All the shit I found out about that goody two shoes, such as he was anything but, just stayed between him and me. That time he had to pull his motorcycle over seven times on the way home from the bar? To barf?
Mum's the word.
The time his green running shoes left a 50 foot green streak along the side of the Water Street bridge as he was giving the cops the slip on his 750 Honda?
Mum's the word.
That's how the bond between brothers works, and between him and me it's worked remarkably well ever since.
As for the Kid, he's riding his bicycle somewhere in Cambridge a couple months ago when everything goes black.
When he wakes up he's lying in the road between two semi trailers. There's half a dozen cop cars, two ambulances, and a firetruck on the scene.
It takes him a minute to realize that for once, yes, it really is all about him!
He would be rather thoroughly "concussed" as they say, not to mention he's losing a lot of blood from his face. They lead him into an ambulance.
He asks about the bike. Oh we can't take your bicycle in the ambulance.
He exits the ambulance, picks up his bike, and walks it five miles to the hospital.
I get along pretty good with him too.
This is not about him, it's about the brother we call "the Tree
Guy." He's called that because he turned a youthful bent for long solitary walks in the woods into a career as an expert arborist.
Not that the Kid has gone quietly into the night. In fact, when I last saw him a couple months ago he was sporting some facial abrasions that shouted out "barroom brawl."
You're getting a little old for that kind of shit, aren't you?
Turns out it wasn't that at all; it was a bicycle accident. Ya, the kid gets pretty much everywhere he needs to go by bicycle. Never owned a driver's licence in his life.
Why not?
"Well, I only drive when I'm pissed, so I don't really see the point in having a licence..."
Have to admit he's onto something there.
Anyway, the Kid and the Tree Guy and me grew up in what was a fairly devout Christian home. Church every Sunday and usually some other church activity at least once during the week.
This brought with it a lot of typical Christian baggage, which I'd have to admit for the most part was little more than practical rules for living. No stealing or swearing or talking back to one's elders and so on.
Around the time I got to high school I was becoming aware of the fact that I was way smarter than my parents. I was pretty much smarter than anybody on the planet. I was especially way, way smarter than my Sunday School teacher.
That was a kindly black dude who really should have given me a kick in the pants, but he was way too nice of a human being to do that. Every Sunday morning I'd torture him with the kind of juvenile critique of Christianity that Bill Maher still indulges today.
Virgin birth? Ya right! (smirk smirk)
Walked on water? Was He wearing skates? (smirk smirk)
Turned the water into wine?... now we're talking! (triple smirk)
Via a confluence of circumstances I was able to leverage my boredom with Sunday School and my urgent need for more time to do homework for high school into a church exemption! I lobbied my parents hard on this and eventually they relented. I would be permitted to stay home on Sunday morning to do homework.
I can fess to this now, because my parents are long past wanting to give me a hiding, but I totally pulled the wool over their eyes on this one. I'm pleased to say that I sailed through high school a solid "C" student without ever doing as much as a minute of homework!
And while for the most part I hated it, it was not without its moments. I remember that in 9th grade we had an all-boy class in French with a generally unflappable Mrs. Woodhouse. By generally unflappable I mean by November we'd figured out that there'd be a couple of days every month when it didn't take much to set her off.
French at the time was a "mandatory" class for the program I was in. You didn't have to pass it; you just had to take it and you automatically got the credit!
Talk about an incentive for unbridled assholery!
There was another kid in the class who shared my interest in biology, and between us we were soon able to predict Mrs. Woodhouse's PMS days. Those would be the days when we'd go all out to send her over the edge. There was rarely a month for the rest of the school year when we didn't have the poor woman fleeing the room in tears at least once.
One of my favorite stunts was dismantling desks and sending the parts out the third floor window. It wasn't as funny as when I sent Evan Jones out the window back in grade eight, but it was still pretty cool.
We had a real law-and-order type bossing over us in 8th grade. One day she had to leave the room for a minute. Evan was leaning out the window and I just meant to give him a scare, but... whoopsie! There goes Evan!
Luckily that was on the first floor. But there was a honkin' big mud puddle right there where Evan landed. Mrs. McColl comes back to the room and Evan's sitting studiously at his desk like nothing happened, except there's muddy footprints leading to his desk and there's water dripping off him!
But I digress... this was about Sunday School, not high school.
So the folks decided that they'd give me Sunday morning to do my homework. They had two cars at the time; a 1964 Rambler Classic and a 1967 Chevy Bel Air wagon. Obviously they only needed one of them to drive to church.
I'd wait till they were out the drive and then I'd be out the drive in whatever car they left behind!
The next concession towards Maryhill way had just recently been paved, and I'd head over there to find out just how fast these cars could go.
The six-cylinder three on the tree Rambler was pretty much topped out at 90 mph. But that Bel Air! Let me tell you; I lived for the Sunday's the family took the Rambler to church.
I could get 110 mph out that 283 powerglide combo!
This went on for quite some time. Then one day, when I was having some sort of dispute with the brother who would become the "Tree Guy," he lets it slip that his buddy who lives on the next concession has been in awe of whoever is driving those cars past his house really fast every Sunday morning...
Well!...
If that wasn't enough, he also let me know that his favorite Playboy model in the magazines under my mattress was Miss February.
Needless to say that was the end of my bullying that sibling.
In fact, he pretty much earned himself a carte blanche. All the shit I found out about that goody two shoes, such as he was anything but, just stayed between him and me. That time he had to pull his motorcycle over seven times on the way home from the bar? To barf?
Mum's the word.
The time his green running shoes left a 50 foot green streak along the side of the Water Street bridge as he was giving the cops the slip on his 750 Honda?
Mum's the word.
That's how the bond between brothers works, and between him and me it's worked remarkably well ever since.
As for the Kid, he's riding his bicycle somewhere in Cambridge a couple months ago when everything goes black.
When he wakes up he's lying in the road between two semi trailers. There's half a dozen cop cars, two ambulances, and a firetruck on the scene.
It takes him a minute to realize that for once, yes, it really is all about him!
He would be rather thoroughly "concussed" as they say, not to mention he's losing a lot of blood from his face. They lead him into an ambulance.
He asks about the bike. Oh we can't take your bicycle in the ambulance.
He exits the ambulance, picks up his bike, and walks it five miles to the hospital.
I get along pretty good with him too.
New York family gets visit from Joint Terrorism Task Force after doing on-line research on pressure cookers
Thank God for the NSA!
This case proves why the government should spy on everybody all the time. Sure, this time it was a false alarm, but what if?...
Better safe than sorry, don't you agree?
This case proves why the government should spy on everybody all the time. Sure, this time it was a false alarm, but what if?...
Better safe than sorry, don't you agree?
A tale of two take-downs
By now everybody knows what happened to Sammy Yatin.
Just a coupe of days later Montreal police had a stand-off with a guy who apparently had 182 legally registered firearms. The cops knew they were dealing with more than a knife.
Did they employ the Toronto method and try to solve the issue in the first 60 seconds?
No.
It took twenty hours, but when it was over they had their perp in custody and, get this, Toronto, NOBODY DIED!
Maybe Toronto needs to send their boys and girls in blue up the highway to Quebec to study how such a thing is possible.
Just a coupe of days later Montreal police had a stand-off with a guy who apparently had 182 legally registered firearms. The cops knew they were dealing with more than a knife.
Did they employ the Toronto method and try to solve the issue in the first 60 seconds?
No.
It took twenty hours, but when it was over they had their perp in custody and, get this, Toronto, NOBODY DIED!
Maybe Toronto needs to send their boys and girls in blue up the highway to Quebec to study how such a thing is possible.
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