Michael B. Duff

Lubbock's answer to a question no one asked

links for 2010-09-16

  • You don’t increase spending by those amounts without changing the role of government in ways that go to the heart of the American project. That truth is reflected in the qualitative record. In 1963, 30 years after the New Deal started, the federal government still played little role in vast swathes of American life, from K-12 education to the way people went about providing goods and services to their fellow citizens. We can argue about which of the subsequent interventions were warranted and which were not, but not about this: The way that presidents and Congresses see their power to intervene in American life in 2010 is profoundly different from the way they saw it in 1963.
  • Not to mention the fact that Mr. Weiner's regulatory push seems as much aimed at conservative journalists as at the gold-dealers. The press release says, "Goldline employs several conservative pundits to act as shills for its' [sic] precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson. By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative. Glenn Beck for example has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president."
  • "Even in our own lifetimes we can recall how Britain and her leaders stood against a Nazi tyranny that wished to eradicate God from society and denied our common humanity to many, especially the Jews, who were thought unfit to live. As we reflect on the sobering lessons of atheist extremism of the 20th century, let us never forget how the exclusion of God, religion and virtue from public life leads ultimately to a truncated vision of man and of society and thus a reductive vision of a person and his destiny."
  • Zombies, AMC style. Awesome trailer. Smart, sensitive comic done by smart, sensitive TV network. WIN.
    (tags: comics tv amc)
  • Only two of the cases involved Facebook and in each case, “one or two of the suspects were Facebook friends with the respective homeowners. They basically had access to the walls and could read that the families were away on vacation. The information was only available to friends and the Facebook Places feature was NOT a part of this. And finally my advice to Facebook users is carefully pick your friends and watch what you post.”
  • On the one hand, it's silly to even get sucked into the official press narrative. The very idea that the Obama administration — which named one of the architects of the TARP bailouts, then–New York Fed president Timothy Geithner as Treasury Secretary — will actually get tough with the fat cats on Wall Street is absurd.
  • I am, I’m simply candidly calling to ask for a contribution. As the senior member of the um, committee and a sub-committee chair, we have (chuckles) obligations to raise, uh funds. And, I think it must have been me who hasn’t, frankly, uh, done my homework to ask for a contribution earlier. So I’m trying to make up for it by asking for one now, when we particularly, uh, need, uh contributions, particularly those of us who have the seniority and chairmanships and are in a position to raise the funds.
  • There seems to be an emotional roller-coaster at work. A mere two weeks after recording the lowest bull ratio since the March 2009 low, the AAII bull ratio has jumped back to one of the highest levels of the year. Also, as we noted previously, there has been a very large number of so-called '90% days' since the April high (days when up or down volume is 90% or more of up and down volume combined), and there were several appearances of the 'Hindenburg Omen'. This combination suggests a very unstable, technically conflicted market, prone to a lot of volatility.
  • A Google engineer spied on four underage teens for months before the company was notified of the abuses.

Written by Michael B. Duff

September 16, 2010 at 23:01

Posted in Uncategorized

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