Tuesday, June 14, 2011

BP Portrait Winner

Congratulations to Wim Heldens from Amsterdam who has won the BP Portrait Award 2011 with his painting of Jeroen at the age of 25 entitled Distracted (title link). Second Prize went to my favourite Holly, painted by Louis Smith. The Young Artist award went to 28-year-old New Yorker Sertan Saltan. CLICK to view all the shortlisted entries. The exhibition at the National Portrait Gallery in London opens on 16 June and runs until 18 September. Admission is free.

Latest Bio-graphic

Bluewater Comics - Cover of Michelle Obama (2009)For some reason best known to itself, the Telegraph online is celebrating the latest graphic-novel biography of the rich and famous to emerge from the Canadian publisher Bluewater Productions Inc. You'll remember I showed you its comic on Michelle Obama in 2009 (CLICK). That sold out, by the way. The latest 32-page biography is Steve Jobs: Co-Founder of Apple, which goes on sale on August 24. Some of the portraits on the front covers are very good (title link). But stuff the rich and famous! Let's hear it for eco-warriors.

HB 565 the fred h baden underpass passes lege

via: twitter @capitolwatchdog

click here to view from legis.state.la.us

HB 565 just passed the state senate after passing the state house on 16 may 2011.
HB 565 will "[R]ename and designate the KCS underpass on Louisiana Highway 165 in Rapides Parish as the 'Fred H. Baden Underpass.'"
click picture to enlargefred h. baden underpass, pineville, louisiana 15 june 2011
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more photos 1 ... 2 ... 3 ... 4
it's probably fitting they chose this underpass ... mayor baden told, at least one time, this story about the underpass -- once an oversize load became stuck beneath the underpass. no matter what they did it seemed like they wouldnt be able to get the truck and its load free from beneath the underpass without doing a lot of damage to the underpass and the load.

after awhile, a crowd began to gather to watch them; then a child walked up and suggested they "let some air out of the truck tires." so they did and it worked!
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related posts
  • fred baden former mayor of pineville, la dies
  • "baden sheriff 2011"
  • rapides parish sheriff's election 2011 kicks off

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    Dodgem





    kenny's sideshow

    10 Most Influential People in the Alternative Media (2011)

    ~~

    Watch Me Move

    Tomorrow the Barbican Art Gallery in London opens Watch Me Move: The Animation Show, which runs until 11 September (title link). The exhibition celebrates 150 years of animated cartoons, beginning with Winsor McCay's animated film Little Nemo (1911) which invited punters to "Watch Me Move". There are screens all over the gallery, showing cartoons. It would be a great visit for kids in the holidays, but for the prices: £10 online or £12 on the door, silver surfers £7 online or £8 on the door. (Note: it's cheaper to buy tickets online, which is unusual.) Under 12s are free. CLICK for a slide show.

    "amber" on louisiana speed trap woodworth louisiana

    My name is Amber, I was traveling from Austin TX to Jena LA to visit my parents, I was watching my speed very closely using my cruise controll to insure I did not accidently go over the limit.

    It was midnight and I was the only car on the highway, sure enough, as soon as I left the 65 mph zone, I reset my cruise to 55 mph, which is what the posted speed was, as soon as I passed the 55mph sign I saw police lights.

    The snaggled toothed Police officer insisted that I was going 66 in a 55. I told him NO, I was watching my speed and setting my cruise accordingly, he still issued the ticket.

    What goes around does come around. I was not going 66, I wasn't even going 55, I set my cruise 4 mph below what is posted. I don't understand how they can get away with this.
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    related posts
  • woodworth louisiana speed trap capital of the free world

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    see also
    the woodworth label
    in the footer of this post
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    Small Business Optimism Dips Third Month; Business Owners Cite Lack of Customers, Inflation as Problems; Keynesian Claptrap from Summers

    In spite of all the yapping about banks not lending to small businesses, only 8% of businesses report getting loans is a problem. In contrast 25% say getting customers is the number one problem. An increasing number of owners cite rising inflation as a problem.

    Please consider Small Business Optimism Dips Lower in May
    The Index of Small Business Optimism fell 0.3 points in May to 90.9. This month marks the third monthly decline in a row. The proximate cause is the fact that 1 in 4 owners still report weak sales as their top business problem. Consumer spending is weak, especially for “services,” a sector dominated by small businesses. the index makes clear that optimism is moving in the wrong direction: a recession-level reading for an economy fighting its way through a recovery. Also, inflation is a growing concern now with 1 in 10 citing this as their most serious business problem meaning cost side pressures coming in the “back door,” not rising food prices at home.

    “Corporate profits may be at a record high, but businesses on Main Street are still scraping by,” said NFIB chief economist Bill Dunkelberg. “Washington is throwing misdirected policies at the problem, offering tax breaks for hiring and equipment investment, but acting surprised when they don’t bear any fruit. The failure to understand why small-business owners are not hiring or investing has resulted in a set of policies that have not been very effective, and Main Street is suffering. The icing on the cake: the growing debt, large deficits, threats of higher taxes, regulations being spewed out by state and local administrations, and the uncertainty of the new health care law—is it any wonder that optimism is down?”
    Highlights From NFIB Report

    • Over the next three months, 13% plan to increase employment (down 3 points from April, down 5 points from March), and 8% plan to reduce their workforce (up 2 points), yielding a seasonally adjusted net negative 1% of owners planning to create new jobs.
    • Only 5% of the owners view the current period as a good time to expand
    • Fifty percent of firms reported making capital expenditures over the past six months, and the percent of owners planning capital outlays in the next 3 to 6 months fell 1 point to 20%, a recession level reading.
    • Sales are down; the net percent of all owners (seasonally adjusted) reporting higher nominal sales over the past three months lost 4 percentage points, falling to a net negative 9%, with more firms with sales trending down than up.
    • 92 percent reported that all their credit needs were met or that they were not interested in borrowing. Eight percent reported that not all of their credit needs were satisfied, and 49 percent said they did not want a loan. Three percent reported financing as their #1 business problem
    • The “feedstock” for inflation continued to grow, with the number of owners actually raising average selling prices reaching a net 15 percent, seasonally adjusted. Thirty-one (31) percent reported raising average selling prices, double the percent cutting prices which suggests that average price levels will be rising, and that is “inflation.”
    • The Federal Reserve protests the notion that QE2 liquidity is driving commodity prices as liquidity scours the world to find a higher return than that offered by banks, but there is a strong correlation between Federal Reserve purchases and commodity prices.


    Misguided Policies

    Why would you want to expand or hire new employees if your problem is lack of customers?

    The answer is you wouldn't and neither will small businesses. Yet Obama attacked the problem in January of 2010 with a $33 billion tax credit proposal.

    The administration is floating the idea of tax credits once again on the assumption that Republicans may go for tax cuts. However, tax credits to spur hiring were bad policy in 2010 and they are still bad policy today.

    Keynesian Claptrap from Obama's Former Top-Economic Advisor

    More government spending and stimulus cannot possibly fix a problem that includes too much government spending and misguided stimulus efforts. Yet that is what Lawrence Summers suggests in How to avoid our own lost decade
    This is no time for fatalism or for traditional political agendas. The central irony of financial crisis is that while it is caused by too much confidence, borrowing and lending, and spending, it is only resolved by increases in confidence, borrowing and lending, and spending. Unless and until this is done other policies, no matter how apparently appealing or effective in normal times, will be futile at best.
    You have to be a Keynesian nutcase to believe more spending is the solution to problems caused by too much spending. Such policies have never cured one problem in history, yet proponents of such policies never learn.

    Mike "Mish" Shedlock
    http://globaleconomicanalysis.blogspot.com
    Click Here To Scroll Thru My Recent Post List

    ECB Governor Christian Noyer Warns "Default Would Mean Financing the Entire Greek Economy"; 10-Year Yields at Record High; Emergency Session Underway

    ECB Governors are pouring on the sap once again today. Mario Draghi, likely the next ECB president opposes steps that aren’t "purely voluntary." The irony being there is no such thing at this point of a "pure voluntary" restructuring.

    Meanwhile Christian Noyer, warns that a default would mean "financing the entire Greek economy.”

    Emergency Session Underway as Yields Hit New Record High

    Please consider Euro Finance Chiefs Race to Avert Default
    Yields on 10-year Greek bonds climbed to 17.46 percent today, a record in the 17-nation euro-area’s history, before an emergency session of finance ministers in Brussels.

    Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said before the meeting that “all options” will be considered regarding Greece. Austrian Finance Minister Maria Fekter told reporters that members of the group still differ on a bailout model.

    ECB Governing Council member Mario Draghi reiterated that the central bank opposes any steps that aren’t “purely voluntary.” The “cost of a default would exceed the benefits” and a “default would not address the root causes of the crisis,” Draghi told lawmakers in Brussels at his confirmation hearing for the ECB presidency.

    Christian Noyer, another ECB Governing Council member, said any attempt by euro-area governments to adjust Greek debt that resulted in a default would mean financing the nation’s entire economy.

    “Our position is extremely simple: if there is a solution that avoids a risk of default, it seems suitable,” Noyer told journalists in Paris today. “If you can’t find it, it’s better to avoid touching the debt. If despite everything you try to reduce the debt and you provoke a risk of default, you’ll have to finance the entire Greek economy.”

    No other sovereign nation is graded as low as CCC by S&P, a spokesman said by e-mail. Moody Investors Service cut its rating on Greece to Caa1 on June 1, leaving only Ecuador as a worse sovereign risk.
    Greek 10-Year Government Bond Yield



    The market as well as the S&P have priced in a default. The only people not to recognize a default is coming are the ECB, the IMF, and Christine Lagarde, the French finance minister who is running to head up the IMF.

    In spite of what the ECB and IMF says, the world will not end when Greece defaults.

    Mike "Mish" Shedlock
    http://globaleconomicanalysis.blogspot.com
    Click Here To Scroll Thru My Recent Post List

    if you didn't know, you will soon.


    so first thing's first, youwillsoon is the best place to get all the goods on the skateboard industry. from shitty corporate sponsor deals to good dudes doing good shit all bases get covered. and for an example of that all bases covered mentality look no further than this article. it links to an interview with 'the worlds first transsexual skateboarder' but the article itself mainly highlights the minimal backlash against all LGBT issues within skateboarding which is perceived from the outside as being homophobic. when compared to recent incidents in the NBA, skateboarding seems like the most accepting 'sports' community t be in. the article does point out that some people are homophobic and by the law of averages some of those people will be involved in skateboarding, but i choose to see the way this article glosses over the transexual lead as acceptance rather than ignorance. so what if hillary used to be mark, as long as she can still jump down stairs, i'll call her whatever she wants

    Supra 2011 European Tour

    Shoe brand Supra are currently touring Europe and coming correct with it. Hitting up all the right skate spots and posting cool photos & gifs on their blog.










    ksyl rapides parish, la. sheriff chuck wagner interview

    rapides parish sheriff, chuck wagner, is running for reelection on this fall's 22 october 2011 ballot.

    this morning he was live in studio to touch on several accomplishments of the
    rapides parish sheriff's office and his reelection campaign.
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    link to audio listen/download page

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    see also
    the rapides sheriff 2011
    label in the footer of this post
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    The BBC on Sodcasting - Music on Mobiles

    Sodcasting, according to Pascale Wyse of The Guardian is "the act of playing music through the speaker on a mobile phone, usually on public transport. Commonly practiced by young people wearing polyester, branded sportswear with dubious musical taste." If you live in London and have ever ridden round on public transport before the chances are you've probably encountered 'sodcasting'. Whether you think it's rude and antisocial or it doesn't bother you that much, with more and more youths getting access to mobile phones 'sodcasting' is here to stay.

    Read more about sodcasting in these interesting pieces from the BBC and The Guardian.

    Stussy UK - Beat Down In London Town

    Streetwear brand Stussy have recently put out this video to celebrate '30 Years of Royalty' (whatever that means) they have decided to paint 'the biggest Stussy logo ever' on a wall somewhere in London. I am fan of good graffiti and I don't mind Stussy, but this is pretty boring. Although the graffiti is fine, the video's slick and Matt Benson took some good photos of the finished wall, it's not enough. Better than watching paint dry I suppose.

    Don't Watch That TV x Ruby Pseudo [DAY1]

    This is the first of our videos selected for weeks residency at Don't Watch That TV courtesy of our good friend Gurn Team.




    We said:
    “Some back(ish) in the day shit from Stutta ft Jammer which should be played louder than an evening in Helmand province. Big look until 2min19secs in where it all goes a bit moody but we llow that because the proceeding 2min 18secs are HAM.”

    Emma Watson blames Warner Brothers for her troubled life

    How much did this girl push the fact she was a huge fan of the Harry Potter books and that her personality and character in comparison with Hermione is like her own? You have to search no further than my Emma used Hermione to create her image blog post from a few months ago. It has all her conflicting for and against that she is just like Hermione and she was a huge fan of the book series as well as she wanted that part so bad. Now since she is no longer beholden to Warner Brother's the story has changed. It's not about being told what to say because she does this kind of stuff all the time. She's a drama queen. I find her comments below to be both daft, ignorant and unbelievable since her story has yet again changed on something.

    From showbizspy.com June 2011 “I have had no control over my life. I have lived in a complete bubble,” she told Vogue magazine. Here why she really lives in a bubble, From iheartwatson.net (DailyRecord.co.uk: October 2010) "I live in a bubble. I don’t read newspapers and I don’t watch TV." For the first quote, that was not what she said before. From ctv.ca November 4th 2010 She said: "I do things in my own way, but I've never felt any need to rebel. To be honest, I've always had far too much freedom. I had a job when I was 10. I started living on my own when I was 17 or 18. I've earned my own money; I've travelled the world. What would I rebel against? I've had so much freedom, sometimes it was hard. From hamptonroads.com July 16th, 2011, "I have never really known what it is to have total freedom. It’s not something I lost. It’s something I never had."
    From iheartwatson.net Nov 2010 (from emmawatson.com) I had to think very carefully before committing to the last film as I wasn’t sure how I was going to do it justice while at the same time balancing life at university. However, Warner Bros have been really brilliant and we managed to work out a schedule which enables me to do both. It was never a case of not wanting to do the film(s), just making sure that if I committed to doing them, it wouldn’t be at the cost of either Harry Potter or my education.” Now her story has changed. From vogue.com  June 2011“I have felt for the last ten years I have had this battle; I’ve been fighting so hard to have an education. It’s been this uphill struggle,” she says, clenching her hands as she speaks. “I was Warner Bros.’ pain in the butt. I was their scheduling conflict. I was the one who made life difficult.” Emma took the brave step of announcing that she would not renew her contract for the last two films unless changes were made to accommodate her desire to go to university. Warner Bros. agreed to do everything humanly possible, and, she says, “I just realized at one point that I can’t fight everything. I have to move in the direction of it—and go with it.” (If you click on the Emma link above you will see her time at Brown unfold and what actually happened) From iheartwatson.net July 2009, “I never felt like I was missing out… we were able to be kids because we were together, whatever weird thing we were doing.”

    Listen to it from her mouth to your ears being pro Warner Brothers just last November



    Look what she said about Warner Brothers in 2008 regarding school

    From ohnotheydidnt.livejournal.com 2008, "While some young stars are chewed up, spit out and left to negotiate fame on their own, the guiding hand of Warner Bros. studios helped Watson remain levelheaded. She explains Harry Potter movie execs were aware from the beginning they were going to change the course of her life and were sensitive to her needs: since the start, Watson has had the same driver, Nigel "I just love him", and on-set Potter hair and makeup team "They're there first thing in the morning until I take off my makeup at night" when going out somewhere very public, bodyguards are willingly provided; and shoots are scheduled around her classes and exams, without question."

    Echee says: Emma had her chance to walk away years ago but chose to stay on sighing it was about making sure Warner Brothers could fit a schedule for her so she could do that and she did by Emma's accounts. Not only that but Emma doubled her fame and recognizably by signing a a modeling contract with Burberry. Emma reiterated after her contract was signedf or the last Potter movies it was all about the University but is it not coincidence she jumped ship from Brown the moment filming for Potter ended? That and this Rupert Grint quote shedding light into the truth over why she held out and what brought her back.

    From lovelyemmawatson.com March 2007 According to co-star Rupert Grint, who plays Harry's other best friend Ron Weasley, Emma is “tired of being known as 'that girl from Harry. But Emma maintained. From exposay.com July 2nd 2007 The young actress threatened to quit the Harry Potter series but was allegedly lured back with a $4 million contract to keep playing Hermione for the full seven films. She said: "It was more about juggling my A-level exams, going to university and doing the movies." But is same old Emma fashion their are always other reason or excuses to why she does things. From iheartwatson.net July 2007 Parade magazine “I have too many friends on the set, and I love Hermione too much. I couldn’t see anyone else playing her. It would have killed me. There’s so much of me in her.” Coincidence Potter stops filming and so does her time at Brown. Peculiar enough Emma has said before she has enough money to wear she doesn't have to do the things she is now doing with being the former face of Burberry and dropping out of Brown for Perks and Lancome. It's not far fetched of an assumption she only finished Potter for the money.  

    Warner brothers should be ashamed of themselves for keeping a poor girl down like this. How dare they! Emma must just be so distressed at the moment. Her life is in shambles. Oh the humanity. I mean what is this girl going to do the rest of her life now that she is shackled and bound?

    From iheartwatson.net Nov 2010Watson, who studies at US Brown university, also said she doesn’t know what to do with all her cash. She added: “I have way too much money to know what to do with it. I bought a laptop, and a Toyota Prius (she left out a luxary apartment at Brown to entertain guests, an expenisve home in France and a ski lodge on top of her high priced high designer clothing) and when I passed my driving test, but that’s the most expensive things I’ve spent my money on outside my education.” But she still has to whine about something. From hollywoodlife.com November 15th 2010 Can you believe Emma Watson almost quit Harry Potter? “I hate to sound whiny, but it’s horrible,” Emma tells Entertainment Weekly. “This has definitely been the most intense, grueling period of film-making I’ve ever done! I have such a structure when I’m working on Potter,” she continues. “I get told what time I get picked up, I get told what time I can eat, when I have time to go to the bathroom. Every single second of my day is not in my power.” (Did she not say something different above regarding freedom and she sure is not complaining about the money? I saw something similar to this comment on a  youtube and the interview said jokingly, "Lets not whine now" and there was silence for a bit. So I really thing Emma adding in the not to sound whiny was because of this. I can't locate that youtube)

    At times I feel as though she plays a game with the media to get some sort of sympathy of cause buzz about her. Just a feeling of mine and here is a prime example how she stars or plants  story on her own and reacts to it later as if she is burdened by own wrong some people get it. These quotes alone caused a stir.

    From elleuk.com 2009 "It's going to sound dramatic, but I feel like my life as I know it will be over,' says Emma. My whole life has been about Harry Potter and then all of that will shut down and I don't know what it will be like." From telegraph.co.uk May 2010 “I feel like someones dying, I know that sounds like an exaggeration but I really do."  From showbizspy.com Nov 2010 “Knowing that there’s still more to come from me — it feels very strange to feel like you’re retiring when you’re 20 years old. But it does feel that way. From ohnotheydidnt.livejournal.com Nov 2010, "Journalists keep saying to me, ‘So this is the end, how do you feel about it being the end?’ And I’m like, ‘It really doesn’t feel that to me.’ It feels like the beginning," says Watson, who arrived at the photo shoot with a retinue including her stepmother, a personal publicist, film publicist, hair stylist and makeup artist. "It’s actually really an exciting time for me rather than this kind of the end.

    If you want to see a few other gaffes and inconsistency by Emma just like these search no further than the Hermione and Emma link I posted about and these. She's going off point these days, is she not? For what reason I do not know but she blames everything on fame and blames everyone else.  

    Emma deceptions about autograph's at Brown This is where she says no one ever asked for her autograph at Brown but she told Marie Claire magazine last fall she had a mini breakdown when someone in class asked her for one.
    Emma's deceptions about being in denial with her fame She knew exactly how famous she was. It's a poor attempt at a lame excuse for not fessing up she dropped Brown for a movie role and Lancome. I proved that in the Emma link above.
    Emma Watson and George Craig fling where they both come out saying they are dating and then when the summer is over they say they were only friends. I think maybe this is how Emma's dating life really goes. (in this 2011 vogue interview its finally confirmed they were dating. TOLD YOU!)
    Emma selling out with Lancome Here is where she says In Nov 2010 she doesn't understand the celebrity fragrance thing to only become the face of Lancome doing perfume ads by the first of 2011
    Emma flip flopping on Perks role She also said this in Nov that she would not do roles like this but like Lancome she sold out and It's detailed in a few posts and briefly in the Emma link
    Emma watson says fame is hard Just her whining and there are a few quotes there I put here and Her flip flop on if she can ride transportation and a little bit of her talking about her fame. Just more contradiction and whining.
    Emma Watson: Brown University truth outed Her current director in Perks sort of spilled the beans to behind the scenes dealings with Emma going to LA in Jan 2011 to beg for funding. She later dropped Brown by the end of the month and became the face of Lancome and started filming Perks in May.

    NATO BOMBS CIVILIANS IN LIBYA


    Inflation Accelerates in China: CPI +5.5%, Food +11.7%, PPI +6.8%, Fixed Asset Investment +25.4%; Peak Oil Will Slow China

    I keep repeating that those looking for "inflation" where by prices or by credit expansion, need to look at China, not the US. Please consider China’s Inflation Accelerates to 5.5%
    China’s inflation accelerated to the fastest pace in almost three years in May and industrial production rose more than estimates, sustaining pressure for a further interest-rate increase.

    The 5.5 percent annual gain in consumer prices matched the median forecast in a Bloomberg News survey of economists. Production rose 13.3 percent, exceeding a median 13.1 percent forecast. Fixed-asset investment quickened, according to statistics bureau data released in Beijing today.

    Food prices rose 11.7 percent from a year earlier as pork and vegetable costs surged.

    Inflation has exceeded the Chinese government’s 4 percent target each month this year as companies including McDonald’s Corp. boost prices. Still, the pace remains the slowest of the so-called BRIC nations, with the latest data showing annual rates of 6.6 percent for Brazil, 9.6 percent for Russia and 8.7 percent for India.

    China’s producer prices rose a more-than-estimated 6.8 percent in May and non-food inflation accelerated to 2.9 percent, the fastest pace in at least six years, today’s data showed.

    The increase in industrial output compared with April’s 13.4 percent expansion from a year earlier. Retail sales, which are boosted by inflation, rose 16.9 percent after a 17.1 percent gain in April.

    Fixed-asset investment excluding rural households expanded 25.8 percent in the first five months of the year, up from 25.4 percent in January-through-April.
    Peak Oil Will Slow China

    Fixed investment in China is soaring even though infrastructure projects make little to no economic sense. The result is exactly what one would expect: inflation.

    However, what cannot go on won't.

    Please consider the energy bulletin article China’s Energy Future by Robert Rapier.
    China uses about two barrels a year of oil per person. In the United States we use 23 barrels of oil per person per year. If China’s usage grew to the U.S. equivalent, it would be 85 million barrels a day, which is about the total consumption of oil for the world.
    There will be a major disaster long before China consumes anywhere close to that amount. Yet China bulls insist China will keep growing at the same rate. Peak oil says it's not remotely possible.

    Mike "Mish" Shedlock
    http://globaleconomicanalysis.blogspot.com
    Click Here To Scroll Thru My Recent Post List

    Monday, June 13, 2011

    THE GLOBAL ELITE AND THE SUPPRESSION OF DISSENT


    In 2005, 47% of the world's population was living on less than $2.50 per day.

    To remove these poor people from poverty would cost $507 billion per year.

    (Thomas Pogge on Global Poverty)

    The US military spends much more than $507 billion per year.

    Around the world, the military is often used to help the rich elite to increase their wealth.

    Around the world, the military is often used to prevent the poor from increasing their wealth.

    In January 2001, The Atlantic had an article by Chrystia Freeland on 'The Rise Of The New Global Elite'

    Among the points made:

    1. In a 2005 report, analysts at Citigroup reported that the World is dividing into two blocs - (1)the rich elite and (2) the rest.

    2. The rich elite have homes in places such as Mumbai, Moscow, Hong Kong, and New York.

    3. Factors that have helped create certain billionaires include:

    1. The revolution in information technology.

    2. The liberalization of global trade.

    3. Financial deregulation.

    4. Tax cuts for the super-rich.

    5. Insider privatization.

    6. Monopolies given to certain individuals (eg rent-seeking in regulated industries in India and Mexico.)

    4. In India and China, between 1820 and 1950, per capita income was basically flat.

    Between 1950 and 1973, it increased by 68 percent.

    Between 1973 and 2002, it grew by 245 percent.

    China's and India's super-elite have grown richer.

    5. Worldwide, executive pay has skyrocketed.

    Hege fund manager John Paulson profited almost as much from the crisis of 2008 as Goldman Sachs did.

    Meanwhile, the vast majority of U.S. workers have missed out.

    Between 2002 and 2007, 65 percent of all income growth in the United States went to the top 1 percent of the population.

    6. Mohamed El-Erian has an Egyptian father and French mother.

    Mohamed El-Erian is the CEO of Pimco, the world’s largest bond manager, which is based in the USA but owned by Germany's Allianz SE.

    Stephen Jennings is a New Zealander.

    He co-founded the investment bank Renaissance Capital which has its roots are in Moscow.

    In 2009 Jennings said: "The largest metals group in the world is Indian. The largest aluminum group in the world is Russian … The fastest-growing and largest banks in China, Russia, and Nigeria are all domestic."

    7.
    A top man at one of the world’s largest hedge funds said that if changes in the world economy lift a large number of people in China and India into the middle class and and a smaller number of people in America out of the middle class, that's not such a bad trade.

    A Taiwanese-born executive of a U.S. Internet company says the American middle class demands a higher paycheck than the rest of the world. He suggests that middle class Americans maybe "need to decide to take a pay cut."

    Michael Splinter, CEO of the Silicon Valley green-tech firm Applied Materials, said that if he was starting from scratch, only 20 percent of his workforce would be Americans.

    Thomas Wilson, CEO of Allstate, has said: "I can get (workers) anywhere in the world. It is a problem for America, but it is not necessarily a problem for American business."

    8.
    The Russian tycoon Mikhail Khodorkovsky has admitted that he had "treated business exclusively as a game" and "did not care much about social responsibility."

    9. "The lesson of history is that, in the long run, super-elites have two ways to survive: by suppressing dissent or by sharing their wealth."

    - Chrystia Freeland on 'The Rise Of The New Global Elite'


    China in the 1940s (multipletext.com/2009/9_china_1940s.htm) had a huge gap between rich and poor.

    How do you explain the economic situation?

    Parts of Detroit are like parts of Jakarta.

    Here in Jakarta there is a large posh shopping mall.

    But most of the visitors to the mall do not have the money to buy the goods on display.

    For most people, whether in Detroit or in Jakarta, incomes are too low.

    On 23 June 2010, in the Financial Times, Douglas Bruce explained that without some trickle-down effect, any recovery will be stillborn

    Douglas Bruce explains that "over the past few decades, the top earners in banking and other sectors have been increasing their share of a finite cake...

    "Going back a generation or two... it was still possible for a middle-class father to support a family of four, but it now takes two earners to maintain most families, and that at a lower standard of living..."

    Poverty in India

    On 23 June 2010, Li Onesto wrote about: "Dying Detroit" - The Impacts of Globalization. Social Decay and Destruction of an Entire Urban Area

    In Detroit:

    Almost half of the children live in poverty.

    The illiteracy rate is close to 50%.

    Michigan state spends more on prisons than it does on higher education.

    Many of Detroit's jobs have moved abroad, to where the wages are even lower.

    India has palaces and paupers.

    On 24 June 2010, at Global Research, Andrew Gavin Marshall wrote about: The Global Political Awakening and the New World Order

    He points out:

    1.2 billion people in the world live on less than $1 per day.

    Nearly 3 billion people live on less than $2 a day.

    The richest 2% of adults in the world own more than half of global household wealth.

    The richest 1% of adults own around 40% of global assets.

    The richest 10% of adults own around for 85% of the global assets.

    The bottom half of the world adult population own around 1% of global wealth.

    The top 6,000 people in the world own 40% of the world’s assets.

    The top 600,000 people in the world control 85% of the world’s wealth.

    The bottom 3.4 billion own 1% of world wealth.

    Zbigniew Brzezinski explains that increased literacy means greater political awareness, increased use of TV means greater awareness of global disparities, and greater use of the Internet means more instant communications.

    Brzezinski sees an increase in anti-Americanism and anti-globalization.

    "From the point of view of the global oligarchy, the only method of imposing order and control ...is through the organized chaos of economic crises, war, and the rapid expansion and institutionalization of a global scientific dictatorship."

    A London mansion worth over £100 million.

    In the USA, roughly 40% of the population fall below the poverty line at some point within a 10 year time span. (Poverty in the United States - Wikipedia, the free encyclopedia)

    Israel has many millionaires and many hungry children.

    "Once idealized as a socialist paradise, the Jewish state is increasingly becoming a country of two classes...

    "35% of children are living in poverty, leaving Israel with this unhappy distinction: It ranks among Western countries with the greatest percentage of poor children, according to the Insurance Institute." (Poverty in Israel: The divide deepens between the haves and have .../ Israel will join OECD as its poorest member )




    In 2006 it was reported that in the Calton area of Glasgow the average life expectancy of a male is just 53.9 years.

    This is lower than in Bangladesh or North Korea or Iraq. (In Iraq, life expectancy is 67. Minutes from Glasgow city centre ...)

    In January 2010, a report by the UK government's National Equality Panel pointed out that the gulf between rich and poor in the UK grew wider under Tony Blair's Labour Party than at any time since the Second World War.

    In the UK, the richest 10 per cent of families have assets worth an average £853,000 - almost 100 times the £8,800 average wealth of the poorest 10 per cent. (Gulf between rich and poor grown under Labour and now widest since WWII - Daily Mail )

    Glasgow slum

    Our leaders would appear to be in favour of a feudal system where the upper class become very rich and the lower class become very poor.

    Joe Stiglitz, formerly chief economist at the World Bank, told CNBC that "Market fundamentalism has eroded any sense of community and has led to rampant exploitation." (Stiglitz: America's Ersatz Capitalism Is A Joke )

    The rich-poor gap has a lot to do with rotten leaders. (afrogeekchic.wordpress.com/.../)

    According to the economists Howell and Diallo (2007), neoliberal policies have contributed to a US economy in which 30% of workers earn "low wages", and 35% of the labour force is "underemployed". (Neoliberalism - Wikipedia, the free encyclopedia)

    According to John Schmitt and Ben Zipperer (2006), "The U.S. economic and social model is associated with substantial levels of social exclusion, including high levels of income inequality, high relative and absolute poverty rates, poor and unequal educational outcomes, poor health outcomes, and high rates of crime and incarceration." (Neoliberalism - Wikipedia, the free encyclopedia)

    Jews helped run the Moslem Ottoman Empire.

    Who has gained from the policies of our rotten leaders?

    "Jews played a central role in American finance during the 1980s, and they were among the chief beneficiaries of that decade's corporate mergers and reorganizations.

    "Today, though barely 2% of the nation's population is Jewish, close to half its billionaires are Jews." (NEOCON FINANCIERS / BANKERS)

    The use by feudal rulers of Jewish financiers has a long history.

    In the Middle Ages in Europe, many kings depended upon Jews as financiers.

    Royal power worked alongside Jewish money. (NEOCON FINANCIERS / BANKERS )

    "1922: King Abdulla Ibn Hussein of Transjordan sits under the watchful eyes of his Jewish bodyguards, Habanni Yemenite brothers Sayeed, Salaah, and Saadia Sofer." (mochajuden.com/?tag=ruth)

    Jews also played a major role in the medieval Muslim world.

    Jews played a major role in the running of the Ottoman Empire. (NEOCON FINANCIERS / BANKERS)

    "In late 19th-century Britain, the Jewish-dominated press championed imperialism, which benefited Jewish finance.

    "And during the early stages of the Soviet regime, Jews were numerous in leadership positions, especially in the secret police...

    "It was with Franklin Roosevelt's New Deal that Jews gained long-term power in the United States...

    (Benjamin Ginsberg's The Fatal Embrace: Jews and the State. NEOCON FINANCIERS / BANKERS )

    Some people believe that Masonic Jewish bankers pull the strings.

    In his book, "Under the Sign of the Scorpion" (2002), the Estonian Juri Lina says about 150 million people died as a result of the Bolshevik Revolution, subsidized by the Masonic Jewish banking cartel. "The West pretended to oppose the Bolsheviks but in fact defended them." (savethemales.ca - USSR - Experiment Was "Social ...)

    Jewish folks have been important in Latin America.

    Around 300,000 Jews live in Argentina, mostly in Buenos Aires. (Argentine Jews Struggling with Money Problems and Security Fears)

    In 2001, the economy of Argentina collapsed due to neo-liberal policies.



    The feudal system, with its gap between rich and poor, is not unique to any one country or any one religion.

    India has many millionaires.

    But in 2006 it was reported that 35% of Indians live on less than $1 a day, which is much worse than Pakistan’s figure of 17%. (India - Rich and Poor)

    Louis XVI

    Is the situation today to be compared to that in France in 1789?

    Norman Gash, at the National Review, 14 July 1989, wrote: Reflections on the revolution - French Revolution

    (Norman Gash was a former Professor of Modern History at the University of St Andrews)

    1. According to Norman Gash, in 1789 France was the largest, wealthiest, and most powerful state in Western Europe.

    In 2010, the USA is said to be the most powerful state in the world.

    2. Norman Gash asks: What reason was there for revolution in France in 1789?

    Gash relates that, according to Napoleon, there was revolution because the middle class wanted more power for themselves and less power for the aristocrats.

    It could be argued that, in the USA, the middle classes are getting restless. They see a corrupt elite enjoying too many privileges.

    Louis XVI

    3. Gash points out that in France, in 1789, "the climate of opinion was rational, liberal, and optimistic, the monarchy not averse to reform, the aristocracy itself permeated by ideas of the Enlightenment."

    Why then was there a bloody revolution?

    Gash explains that the 'system' appeared to make reform difficult.

    Edmund Burke said that "a state without the means of some change is without the means of its own conservation."

    In the USA in 2010, the constitution appears not to be protecting the USA from disaster.

    America's institutions seem incapable of preventing wars, discontent and hunger.

    Bastille

    4. Gash points out that the French revolution was a long sequence of events, stretching from 1789 until 1799.

    There was "an extraordinary series of political improvisations:

    constitutional monarchy,

    republicanism,

    single-party rule,

    dictatorship of the proletariat,

    oligarchy,

    and finally military despotism."

    If there are to be dramatic changes in the USA, the end result might be military despotism under an American Napoleon.

    Napoleon was a fascist.

    He attempted the total military domination of continental Europe.

    He tried to have a New World Order, or as Gash writes "a new international order".

    Napoleon

    5. According to Gash, the French Revolution, Napoleon's Empire and the 1815 Congress of Vienna "foreshadowed the Europe of the future."

    That means both good things and bad things.

    Americans seeking revolution should study Europe's history.

    6. Gash implies that bloody revolution was not necessary to bring about change in Europe.

    Gash writes:

    Even if the French Revolution had not taken place, "common sense suggests that the main lines of European evolution would have been much the same, though perhaps the pace might have been slower."

    Gash lists the products of European society which would have come about either by gradual evolution or by fast and bloody revolution:

    A. Liberalism based on representative institutions.

    B. Nationalism based on linguistic unity.

    C. The rise of the sovereign state.

    D. The centralization of administrative power at the expense of provincial.

    E. The increasing responsibility of government for the welfare of its subjects.

    F. The ability to mobilize a whole society for war.

    G. military defeats in consequence giving rise to revolution and revolution to tyranny.

    H. International conflicts followed by international institutions to preserve harmony.

    America is changing.

    The changes will be a mixture of good and bad.

    The changes will happen, even without a revolution.

    French Empire 1811

    7. According to Gash, the French Revolution helped to shape European society in two notable ways.

    A. Force was used to bring about change. "Liberalism and reform marched behind French bayonets."

    The ideas of liberalism and reform had many of their origins in England.

    B. The awakening of nationalism.

    Gash writes that: "ideas that march behind bayonets are rarely popular; reform at the hands of a conqueror earns little gratitude. French rule brought not only enlightenment but hardship."

    It was not long before there were nationalistic revolts against the French.

    In Germany, later in the century, "Bismarck exploited the German national feeling first evoked by Napoleon I."

    Any attempt by an American dictator to bring about a New World Order would result in nationalist revolts.

    Banksy Sponsors MOCA

    Banksy is sponsoring the Museum of Contemporary Art (MOCA) in Los Angeles, so that visitors can get in free on Mondays. It normally costs $10 (£6) to visit Art In The Streets, the first major U.S. museum exhibition of graffiti and street art. Banksy said "I don't think you should have to pay to look at graffiti. You should only pay if you want to get rid of it." His Stained Window, which he made with students from City of Angels School, is on display at MOCA. CLICK for my preview. The title link takes you to BBC News. I haven't included a link to MOCA's website, because it doesn't want you to leave! I hate that.

    S. Con. Res. 23 one nation under israel


    ====
    ====
    S. Con. Res. 23--112th Congress: A concurrent resolution declaring that it is the policy of the United States to support and.... (2011). In GovTrack.us (database of federal legislation). Retrieved June 13, 2011, from http://www.govtrack.us/congress/bill.xpd?bill=sc112-23
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    see also
    eric hufschmid
    zionism
    ====

    Rosenberg Says 99% Chance of Another Recession by 2012

    In a Bloomberg video David Rosenberg, chief economist at Gluskin Sheff & Associates, says there is a 99% Chance of Another Recession by 2012. Rosenberg also talks about the outlook for the U.S. economy.



    Selected Quotes


    Bloomberg: How Certain are you that we may be headed for a recession

    Rosenberg: I think that by 2012, I would give it a 99% chance. I say that because as an economist, you have to be part historian. When you have a manufacturing inventory cycle recession, they are usually separated 5 years apart. But when you have a balance sheet recession, credit contraction, asset deflation (for example residential real estate), the downturn tends to be separated every 2 to 2.5 years. ... Economists call this a soft patch. It's not like this is a soft patch. Basically, when all the stimulus is gone, you get to see what the emperor looks like disrobed. It's not a pretty picture.

    No Double Dip

    Rosenberg goes on to say it's a second recession, not a "double dip" and more stimulus is coming once the "Fed sees the white eyes of the economy".

    Given that there is no incentive in Congress for more stimulus (nor should there be), Bernanke will have a tougher time, this time, unless there is a significant drop in oil and food prices.

    Mike "Mish" Shedlock
    http://globaleconomicanalysis.blogspot.com
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