Wednesday, July 30, 2014

Space Sounds


Have A Great Wednesday

work by Thomas Cole

The Onion - Report: Majority Of CIA Now Ready To Install Female World Leader

Maddow - Congressional Failures Put US At Disadvantage

TRNN - Obama Joins EU In Sanctioning Russia As Ukraine’s Civilian Death Toll Mounts

The Drought

Christie Watch

Global Warming - New Zealand

Heightened Negativity Bias

  A long extensive article that I want to get back to. Still if conservatives have an overblown negativity reaction then I still don't get the global warming denial. Global warming would seem like a perfect object for fears and worries. Can somebody explain this to me?

AlterNet: Secrets of the Right-Wing Brain: New Study Proves It — Conservatives See a Hostile World - Phony WMD, Benghazi, birthers, truthers -- turns out there's a scientific explanation for deniers and Tea Partyers

The Market On Wednesday

  Good morning. It is 63 degrees and overcast here in the Upper Hudson Valley. The weather logo is predicting sun today. I hope that's the case as I want to do some outside work on this old house later this afternoon.

  At 8:45 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  Wow, lots of stuff is going on this morning. It's just been reported that the first GDP estimate of the second quarter has the US economy growing at a 4% pace. That's rather amazing. Recall that there was a contraction during the first quarter along with worries of another recession. A recession is generally calculated as two consecutive quarters of contraction. Well not so, apparently there is a fluffiness out there powered by you oh consumer. Beyond that there is a bevy of second quarter corporate reports along with a very critical response from the Fed on the state of quantitative easing. I would say that if the day takes a downturn in the afternoon, it would be a result of the Fed's action on Q.E. along with fears of rising interest rates. Considering the Fed has taken a very expansive relaxed view one doubts that they will all of a sudden move towards austerity measures.

CNN: Stocks: 5 things to know before the open
At 2 p.m. ET, the Federal Reserve will release a statement outlining its latest monetary policies.

Sande Music

Tuesday, July 29, 2014

EPA Clean Power Hearings EPA to Hold Public Hearings on Clean Power Plan/ Public hearings being held in
  Starting tomorrow, the U.S. Environmental Protection Agency (EPA) will hold four, two-day public hearings, across the country on the proposed Clean Power Plan. The hearings will be held in Washington D.C., Atlanta, Denver and Pittsburgh, and will provide the opportunity for interested parties to comment on the proposed rule before it takes effect. The Washington D.C. hearing will be held on July 29 and 30.

  At the direction of President Obama and after an unprecedented outreach effort, EPA released the Clean Power Plan, which for the first time seeks to cut carbon pollution from existing power plants, the single largest source of carbon pollution in the United States. EPA predicts that when the proposed plan is fully implemented in 2030, carbon emissions from these sources will be 30 percent below 2005 levels.

110 And Counting

God Gave Us Coal

Have A Great Tuesday

work by Thomas Cole

The Onion - T.J. Maxx Job Application Just Asks Prospective Employees How Much They Plan To Shoplift

Maddow - Boehner Resurrects Debunked Smear Circa Romney 2012

TRNN - Reaganism And Thatcherism Were Intellectually Dishonest - Heiner Flassbeck On RAI Part 1

The Drought

Christie Watch

Global Warming - The Cost Of Inaction


The Market On Tuesday

  Good morning. It is 60 degrees and sunny here in the Upper Hudson Valley. A slightly cooler sunny day is expected. Perusing the news I was struck by article at CNN - 1 in 3 U.S. adults have 'debt in collections'. It's easy to understand why this is occurring. Wages are flat, good jobs are scarce, health care even if one has insurance is not affordable, students loans are crippling young people, food prices are beyond ordinary means, housing is extremely expensive, and all of this keeps increasing. We are a nation of debtors. The nation itself is a debtor. A person's worth is now evaluated according to how much they can borrow. What is the worst type of money? It is credit of course.

  At 8:30 a.m. futures are moderately higher and the price of oil per barrel is down. The market is poised to open higher.

  Investors have a lot to chew on. There's the onslaught of second quarter reports, a Fed meeting, and reports on housing and consumer sentiment. Notice that Russia is feeling the heat from the E.U. and Japan, sanctions are coming. One wonders where the pressure on Russia will lead. Unfortunately the Middle East has a lot of warring left in it and that pressure will also effect markets globally.

CNN: Stocks: 5 things to know before the open
European officials continue to work Tuesday on details of new sanctions that could restrict Russia's access to European financial markets, arms and energy technology.

Japan introduced its own sanctions on Russia, largely reflecting previous measures adopted by the EU.