Wednesday, November 23, 2011

Double Negative again

According to a review in today's WSJ, the double negative was proscribed by Bishop Lowth (never heard of him before) in 1762 in a short book " Short Introduction to English Grammar". I mention this tidbit because I posted about double negatives a couple of months ago and was intrigued to find a time and a book that first put the hex on them.

It's snowing for Thanksgiving

We got 4 inches last night and it's still coming down. It's warm, above freezing, so it isn't accumulating much more. Town plow went by at o'dark thirty, Ken King's boys did my driveway by 9:30.

Dexia Bank failure will cost France it's AAA rating?

Dexia, a big European bank based in Belgium and France failed a couple of weeks ago. Presumably (the newsies didn't say) Dexia ran out of money to pay bills and depositors and no one would lend to it any more 'cause everyone thought they were broke. At least that's what happened to Lehman Bros, and Merrill Lynch, and some other late lamented Wall St brokerages.
Belgium and France were going to bailout Dexia, but now it seems that isn't gonna work. An internet post speculated that Dexia's failure and non-bailout, might be enough to knock France's bond rating down from AAA.
What the post did not say was what the bailout plan was. Dexia, of course, wants the Belgian and French governments to just give them money (grants or loans, they will take anything) to continue in business, and avoid laying everyone off. I have no idea how much money this might need, but it could be big. On this side of the pond, AIG sucked up $140 billion.
What would be cheaper, is to pay off just the depositors, and let the bond holders, the stock holders, and the idiots that lent to Dexia go whistle for their money. This would impose some economic discipline, and put the idiots who drove Dexia over the cliff out of work. Europeans need to learn that lending money is risky, it is not a guaranteed never-loose-a penny sinecure. The hard part of banking is predicting if the borrower will be able to pay off the loan. Predictions are hard, especially when they are about the future.

Tuesday, November 22, 2011

Frank Luntz does a focus group

Representative, that's what our focus group should be. Frank is running an after-the-debate focus group currently televising on Fox's Hannity show. His focus group is ALL FEMALE. Representative that is.

Monday, November 21, 2011

The sound of a can kicked down the road?

That can called Super Committee has finally stopped bouncing. And it looks like nothing happened, not surprising when you consider WHY the can was kicked down the road back last summer.
Neither side had the votes to push thru their vision of budget balance. The Democrats want to hike taxes to continue spending, the Republicans want to cut spending and not hike taxes. Neither side wanted to suffer the 40 percent spending cut that failure to raise the debt limit would have forced. So they punted. And now the punt is falling back to earth.
If the country is lucky, a Republican victory next November will give the Republicans enough votes to push thru their plan. If our luck fails, we go the way of Greece and Italy, within a couple of years.

LED's for Grow Lamps?

Enthusiastic aditorial for a European company advocating LED grow lamps for indoor farming. LED's are described as "efficient".
Yeah right, but a glass window letting in sunlight is more efficient. Like in a greenhouse.

Sunday, November 20, 2011

Need to Know, new TV show with Ray Suarez

It's a new Sunday pundit show, I caught it on NHPTV this morning. Trouble is, this show is deceptive. They were talking grand strategy, like keeping Saudi Arabia in the Western orbit. They show a graph saying that Saudi only supplies 11 % of US oil needs, and obviously, we can let Saudi fall to Islamic terrorists, Iranian mullahs or the Klu Klux Klan, and it will only cost us 11% of our crude oil. Right.
The three top oil producers in the world today are Saudi, Russia and the US. Loose production of Saudi and a world wide oil shortage will drive the price of crude up to $200 a barrel, twice what we pay today. This is a problem, and the Need to Know TV show tried to sweep it under the rug.
Ray Suarez should be ashamed to moderate this slanted TV show.