GDP per person…

in Europe has reached the level of the US in 1985, so says the Financial Methods blog.

I particularly like the closing sentence…

Socialist policies, such as enormous regulation and stifling taxation, are likely the underlying causes.

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Much better idea than Sheryl’s

Marilyn Gardner, writing in the Christian Science Monitor has a much more practical idea about how to save energy and supposedly help combat global warming. Long live the clothesline.

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Another Year of Solvency for SS

Whoopee, Social Security and Medicare have another year of life before the trust funds run dry. Highlights, if you can call them that, are:

The trustees now project that Medicare’s hospital-insurance trust fund will run dry by 2019 without changes in the popular entitlement program. Preventing depletion of the fund would require either a sharp rise in payroll taxes, or a cut in benefits covered by the program including inpatient hospital care, care in skilled-nursing facilities, hospice care and some home health care.

The Social Security system is projected to exhaust its trust fund in 2041 without changes. At that point, existing law would require the entitlement program to slash benefits across the board.

Lowlights…

“Reforms to both Medicare and Social Security are urgently needed. The serious concerns raised by the trustees reports demand the attention of America’s policy-makers and the public,” said Treasury Secretary Henry Paulson, who serves as managing trustee of the programs.

The report also triggered for the first time a “Medicare funding warning” that will require President Bush to submit a proposal next year to cut costs. Congress must consider the proposal, but isn’t bound to pass a new law.

I’m sure if Congress passes any kind of law, it will be an idiotic one.

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Consider Dell for my next computer?

Dell is not my favorite computer company. However, they are offering Windows XP again, that’s almost enough to make me change my mind. I hope other companies do the same.

Another irritating factor in buying a new PC is all the junk software that comes with it. After more than two years, I still get occasional pop-ups for Spyware software on my HP computer.

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We’re from the Government and….

well you know.

The Food and Drug Administration says vitamins, supplements, herbs and other natural substances, including water when it is used to “treat” dehydration, should be classified as drugs, and opponents have only until April 30 to express their concern about the proposals under Docket No. 2006D-0480.

Read more here.

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I Love this Commercial….

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What happened at noon EST to…

send gold down $6/oz in minutes? A quick skim of Kitco.com doesn’t yield a specific event.

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Where does he keep his stuff?

“I really thought the two ladies I interviewed with six years ago were just yanking my chain,” says Cynthia Burr, who manages Charan’s hideous schedule. “I said, ‘Where does he keep his stuff? Everybody has stuff.’ It’s really hard to wrap your arms around something like that, but it’s true.”

The strange existence of Ram Charan

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Not Surprised Part II

Student Government Asks Reporters to Leave by Monday

Will the press obey?

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Why am I not surprised….

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Yikes….

MARSHALLTOWN, Iowa (AP) – Hillary Rodham Clinton said Saturday that if she is elected president, she would make her husband a roaming ambassador to the world, using his skills to repair the nation’s tattered image abroad.

Read the rest.

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wikiquote sucks….

Glenn Reynolds tells you why here.

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Baldwin responds

In the interest of fair play, you can read Alec’s response here. Sounds like he took some maturity pills or something. I’m sure Don Imus would like to “eat some of his words” too.

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Who’s acting like an 11 year old?

Here’s the message he left for his 11 year old daughter Ireland. Alec Baldwin is an a$$.

http://www.aolcdn.com/tmz_audio/0419_baldwin.mp3

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Internet Access at Work

Preventing, or highly regulating Internet access in the workplace apparently is NOT a good recruiting tool.

When I graduated from college years ago I didn’t even consider IBM as a potential employer. White shirt, tie…. absolutely no way. I suspect that’s how the new generation of workers feels about severely regulated internet access.

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I don’t believe it

From Instapundit on Republican’s and the Porkbusters project:

House Republican leaders promise that even if lobby reform stalls – as it has – they will do something to rein in earmarks when they return to Capitol Hill next month. The reason: There’s too much flak over lawmakers who are cashing in on earmarks – legally, as campaign contributions; illegally, as bribes. Even good projects look bad when they’re muscled into spending bills late in the process, anonymously, and with no competition, debate, or chance to delete them.

Read the whole thing.

I haven’t read the whole thing (I’m too tired) but I simply know better then to believe it. When it comes to controlling spending, the last 6 years have been an embarrassment for the Republican party. They just haven’t figured it out yet.

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5 Year Chart of Gold

If the price of gold is related to increasing inflation, than inflation must be increasing. If it’s not, the price of gold is definitely increasing, at least as measured in US $’s.

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How Inflation got so Low

Peter Schiff of Europacific Investments outlines how inflation measurements have been tampered with over time to reduce the CPI and PPI inflation readings.

The first step was convincing the markets that hedonic adjustments were okay. Next came the legitimization of substitution bias. Then the Fed convinced everybody to ignore monthly increases in food and energy. When that wasn’t enough, it got everybody to ignore yearly increases in food and energy. Finally, when even all these tricks were not enough to conceal the growth of inflation, the Fed finally played its trump card by telling the markets that inflation is the poor step-child of its much more import parent, GDP growth.

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Hurricane Season Normal

The global warming advocates are having to reload their ammunition for this years hurricane season. Now they are hoping the real hurricane season, that begins in August will show up. Perhaps yes, perhaps no. Unlike the global warming advocates, I can’t predict the future.

This article on the falling SST (Sea Surface Temperatures) in the Atlantic reminds us that it pays to be humble when forecasting.

Forecasting the effects of climate change is a risky business. Predictions of another near-record hurricane season in 2006 might have seemed like a pretty good bet to those who have great faith in climate models and their understanding of global warming. But Mother Nature always seems to find a way to demonstrate to mankind that we don’t understand as much as we think we do, and that the effect of mankind on the climate system might well be buried in the ‘noise’ of natural variability.

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Joe Rosenthal, RIP


The Power Line blog has a great post Joe. If you don’t know, and I didn’t, Joe Rosenthal took this famous picture (among others).

To bad it’s so easy to believe this comment from a Powerline reader…

As soon as I saw that picture I was reminded of the “posed picture” story that my family and I were told when we were on a guided tour in Washington, D.C. several years ago. When we visited the statue, the DC guide told us that, although the picture was famous, it was only a posed picture. She told us that the flag had already been raised before Rosenthal arrived on the scene, so he made them take it down and raise it up again in order to get the shot. I remember thinking it was such a shame that photographers did that kind of thing in order to elicit certain kinds of emotions from the viewers of the photograph.

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