Ever wondered what the wind would look like if you could see it in action from above? A new project posted online by a pair of Google computer scientists, called simply Wind Map, has to be seen to be believed. “It can be quite hypnotizing to watch the gusty trails blast across the American...
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Are “The Hunger Games” realistic? Yes and there are ample historic examples. The Soviet Union operated on that basic premise for decades. Specifically various regions (Districts) operating a very monolithic economy with all planning and distribution through a central authority or city (Moscow). Such a system inherently breaks down if not for the sheer...
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Sometimes just one chart says volumes. I give you the US GDP to US Debt chart. In all it’s glory.
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In a word, No. Because the US has an economy, whereas as one Greek Poltico put it, “all we have is olives, sun and ruins”. But we are in very bad company. Ireland, Italy, Portugal and Spain are known as the PIIGS of Europe, economies so bad they are very likely candidates for European...
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Had to happen. Attorney David Anziska tells Bloomberg Law’s Lee Pacchia that he plans to file class action suits against 20 more law schools in the coming months, and is looking for a global settlement of his allegations that schools misrepresented employment statistics of their graduates. The law schools deny the allegations.
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Bloomberg Law’s Lee Pacchia interviews the former Commissioner of the SEC of the much maligned Dodd-Frank bill. Roberta Karmel told Bloomberg Law on Tuesday that Dodd-Frank financial reform isn’t strong enough to stop another financial crisis. “This is not a recipe for strong regulation,” said Karmel, who is now a professor at Brooklyn Law...
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Ponder the concept of tech so amazing that it must get Federal loans. Considering the track record of Federal government giving loans and the following exchange between Energy secretary Steven Chu and Sen. Al Franken (D-MN) and you just might cringe. Sen Al Franken: And it’s really…I’ve been there and it’s just an amazing...
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Why? Because he stepped down. At a critical point in the new Republic, when traditions had not yet been solidified, he voluntarily gave up power and went home. A tradition that held till Franklin Roosevelt, who couldn’t give up power, only after he died in office did he go home. After that we passed an amendment limiting...
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Greek 1 year bonds hit over 600% yield and are trading as I write (8:30AM) at 583%. http://www.bloomberg.com/quote/GGGB1YR:IND 2 year Greeks are at 207% down from over 400% earlier this month. The trick is can you collect? Will the bonds be around long enough for the first dividend? Part of the Euro bailout includes...
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Walk into your Doctor’s office and refuse to let your kids get vaccinated and they just might say, don’t let the door hit you on the way out. In a recent study 30% of 133 Connecticut Doctor’s have asked patients to leave their practice after they had refused to have their children vaccinated. This...
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A lot of retirement planning are based on a 7% rate of return. Especially pension plans that are not subject to change. With the Federal Government keeping interest rates artificially low these pension plans are having a hard time delivering. Additionally the amount of money that people not on pensions have to save prior to...
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ATMs are running empty and at least 5 buildings are on fire. AP: Riots are spreading across central Athens. Police are shutting down public transportation to prevent protesters from pouring into Athens. Why do I spend so much ink on Greece? Because it is relevant. It will affect us. And I see parallels between...
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If you believe gas consumption is a leading indicator of the economy, we are in for a really bad downturn. Gas consumption is at record lows, the likes of which have not been seen in decades at least not since 1980. From Zerohedge.com What other plausible explanation is there for the decline from 42.4...
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Best explanation I have read yet on why we should watch very closely what happens to Greece. From the Daily Capitalist. We need to follow Greece because their default and withdrawal from the eurozone would set off major consequences to the European Monetary Union, and thus the EU, that are unforeseeable. A default would...
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From: The Marlborough Sewer Blog (This is a great event and it benefits a great cause, the Marlborough Food Bank, follow the link to sign up.). This year David asked for help getting the word out, the following is from his site. Halloween is just around the corner. Every year I’ve run my event,...
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Ct Taxes In The News
