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Monday, July 31, 2006

Down with Internet Explorer Use Mozilla Firefox!

MrKen45sWorld looks way better in FireFox. It is difficult to do anything in IE.

The Sidebar sits at the bottom of the page In IE, the letter size is difficult to edit, and sometimes pictures do not show.

Use Mozilla Firefox! http://www.mozilla.com/firefox/
Thx.












Carlsen continues to reach the stars

Carlsen continues to reach the stars

The young 15 year old phenom won again today! This time, he defeated super GM Morozevich. His rating is about 2700 now. I think he is going to give Aronian a run for his money in their upcoming match. Talent + Proper Training = Success! He is tied for first with another former child prodigy Teimour Radjabov.

After 2 rounds, here are the standings:

1-2 2.0 GM Magnus Carlsen (Norway, 2675), GM Teimour Radjabov (Azerbaijan, 2717)
3 1.0 GM Alexander Morozevich (Russia, 2731)
4-5 0.5 GM Lazaro Bruzon (Cuba, 2667), GM Andrei Volokitin (Ukraine, 2662)
6 0.0 GM Yannick Pelletier (Switzerland, 2583)

Here is the official website.

Posted by Picasa posted by SusanPolgar at 7/25/2006 08:22:00 PM

Saturday, July 29, 2006

DISCO'S FIRST SUPER GROUP - ECSTASY, PASSION & PAIN



Disco's First Super Group - Ecstasy, Passion & Pain with Barbara Roy







While updating the 'Favorite Music' portion of my Profile, I did some research about one of my favorite all-time disco groups,
Ecstasy, Passion & Pain - with Barbara Roy.


E P & P is considered disco's first super-group. Althought they only released one album and a handful of singles for the Roulette Records label, their impact was to be felt well into future decades.

I still own the original 1974 LP album pictured in this post (and several 45's), as well as the CD compilation with several 'bonus' hits, including 'Touch and Go' & 'One Beautiful Day'.

Anyone out there care to 'Hustle?' :>)

Album Covers Curtesy of www.discomuseum.com


Friday, July 28, 2006

Reagan conservative lashes out at 'hijackers of the conservative movement'

John Byrne - Exclusive to The Raw Story
Published: Friday July 28, 2006

He didn’t support invading Iraq. He says national security decisions are too often made for political gain. And he maintains that Tom DeLay used “legal plunder” for the “immoral purpose of holding onto power.”

A Democrat? No – His name is Richard Viguerie, a conservative icon and key architect of Ronald Reagan’s 1980 victory. Known to many as the godfather of direct-mail campaign fundraising, his four-decade career has succored scores of conservative candidates and grassroots causes.

A balding grandfather with a wry Texan’s smile, Viguerie is a seasoned conservative who confidently brushes aside accusations that his criticism of Republicans is intended for personal gain. On Monday, he sat down with RAW STORY to talk about his new book, Conservatives Betrayed: How George W. Bush and Other Big Government Republicans Hijacked the Conservative Cause.

Modeling himself after Barry Goldwater, a 1960s conservative iconoclast whose reactionary stances later positioned Ronald Reagan for victory in 1980, Viguerie says the worst day of his political life was when Lyndon Johnson defeated Goldwater for president in 1964. Viguerie, who aided Reagan’s election but later became critical of some of his policies, today sees a landscape where Republicans run using a mantle of traditional values but carry the banner of conservatism only as far as it takes them to get elected.

Viguerie begins his book with two quotes. “The first is from Ronald Reagan and it says something along the lines of: ‘I tell my people that when we begin to refer to the federal government as us, we’ve been here too long.’ And then I recount a story of [former House Majority Leader] Tom DeLay (R-TX), late one night after dinner, he wants to light up a cigar and the manager says I’m sorry, Mr. DeLay… it’s against the law to smoke in a federal building. And DeLay says, ‘I am the federal government.’”

Viguerie spares little in attacking DeLay.

“DeLay is singlehandedly the primary person responsible for the most expansion of the government since [Democratic President] Lyndon Johnson,” he remarks. Subsequent research by RAW STORY revealed that, according to the CATO Institute, President Bush has exceeded Johnson in terms of discretionary spending.

Citing the recent bribery conviction of Rep. Duke Cunningham (R-CA), Viguerie says the real threat to government isn’t illegal activity – which he believes will eventually be caught by the law – but legal “plunder.”

“What really affects our life is the legal stuff, the legal thefts, the legal plunder of people like Tom DeLay, for the sole, in my opinion immoral, purpose of holding onto power,” the Texas politico said. “They are engaged in this illegal theft, spending money that doesn’t belong to them to hold onto power. And that’s corrupt and immoral. And people who are engaged in that are in no way worthy of the label conservative.”

Viguerie says he blames DeLay for passing President Bush’s Medicare prescription drug benefit, which conservatives say adds $18 trillion to Medicare’s unfunded liabilities. He also breaks with Bush on Iraq, noting that Bush used his opposition to “nation building” as a means to win conservative support during the 2000 campaign.

“I opposed the Iraq war,” he says. “It’s just nation building, and it’s just, you know, conservatives, true conservatives oppose America going in there, and now that we’re in there I don’t know how to get out.”

Asked where conservatives draw the line between restraining spending and defense, Viguerie framed his response by saying conservatives place defense spending above all other government projects. The United States spends more than six times as much on its military as the next largest spender, I noted, but this didn’t faze the Texas Republican.

“The purpose of government is not to redistribute the wealth, not to promote diversity, not to promote this cause or that cause -- it’s national defense,” he says. “That’s the purpose of government.”

“People are free wherever they’re free not because of their defense budget, but because of America’s defense budget,” he adds.

He does, however, believe military spending is rife with abuse. “The decisions are made far too many times for political reasons and not for defense reasons. Homeland Security is just riddled with pork.”

Viguerie was among the block of conservatives who perceived Bush’s statement in support of the federal marriage amendment -- which would define marriage as being between one man and one woman – as tepid. He believes if Bush stood fast to conservative principles his approval rating would climb out of the mid-thirties.

“The president is in his 30s not because he’s governing as a conservative, but because he’s not governing as a conservative,” Viguerie avers. “He needs to pick ideological fights with the Democrats: judges, spending priorities, taxes...He needs to make some appointments and have the Democrats filibuster them. He needs to be a partisan conservative president. If he does that he’s going to see his numbers go way back up.”

Citing his recent criticism of conservative leaders in the Washington Post, I asked who he’d prefer to see running the Senate. Viguerie named Sen. Tom Coburn (R-OK), a reactionary Republican from the Gingrich class of 1994, who’s made his name opposing gay rights and positioning himself as a bedrock conservative. For example, Coburn held up a 2007 spending bill over an 8 percent increase in Senate spending.

“Almost the entire leadership in my opinion should be changed,” Viguerie says. “They’re all complicit in the problem. I think conservatives are in the similar position as the biblical Jews who had to wander in the desert for 40 years until the corrupt leaders had passed away. Then they can go to the promised land.”

The Interview:

Raw Story Editor John Byrne chatted Monday with Richard Viguerie, a longtime conservative and the godfather of political direct mail. Viguerie, who played a major role in the victory of President Ronald Reagan, was named in 1999 by the Washington Times as one of the 13 “Conservatives of the Century.” We spoke in advance of his new book, Conservatives Beytrayed: How George W. Bush and Other Big Government Republicans Hijacked the Conservative Cause.

Raw Story’s John Byrne: What do conservatives conserve? What label would you apply to those in Congress who call themselves conservatives but are not?

Richard Viguerie: Conservatives conserve what’s best from the past. We basically are traditionalists. We don’t believe that every day we should get up trying to change that which has worked in the past. It applies to economic issues, to social issues and to foreign policy. Bush ran in 2000 against nation building and of course he’s engaged in more nation building than any president in our memory.

Raw Story: Do you believe former House Majority Leader Tom DeLay (R-TX) is a conservative?

Viguerie: I used to. I would no longer consider him a conservative. In fact, I start my book-- the very first page has two quotes in there -- the first one is from Ronald Reagan and it says something along the lines of: ‘I tell my people that when we begin to refer to the federal government as us, we’ve been here too long.’ And then I recount a story of Tom DeLay, late one light after dinner, he wants to light up a cigar and the [restaurant] manager says I’m sorry, Mr. DeLay that’s not allowed, and this restaurant is in a federal building and its against the law to smoke in a federal building. And DeLay said, ‘I am the federal government.’

Tom DeLay is singlehandedly the primary person responsible for the most expansion of the government since [Democratic President] Lyndon Johnson, and that’s the prescription drug benefit. He’s the one who kept the vote open in the House of Representatives... to make sure that he had enough votes... and twisted arms, and passed onto our children billions of dollars of debt.

Viguerie then spoke of former Rep. Duke Cunningham (R-CA), who recently pleaded guilty to accepting bribes. He said that illegal activity wasn’t really what troubled him, since such activity would be dealt with by law.

Viguerie: What really affects our life is the legal stuff, the legal thefts, the legal plunder of people [by people] like Tom DeLay, for the sole, in my opinion, immoral purpose of holding onto power. They are engaged in this illegal theft, spending money that doesn’t belong to them to hold onto power. And that’s corrupt and immoral. And people who are engaged in that are in no way worthy of the label conservative.

Raw Story: In your new book, you say, “Our job as conservatives is not to be mouthpieces for any administration, but to give credit where credit is due, and to give criticism where criticism is due.” Where do you feel credit is most due with Bush?

Viguerie: I give him credit on the tax cuts. I think there should have been more... but it was a positive thing. I applaud the judges; I think that on balance he has made good judicial appointments -- and he tried to give us a crony, of course, [Harriet Miers] to put on the Supreme Court... But he hasn’t fought for these judges very hard, and I think that’s a shortcoming. Early on in his administration, he abandoned the [Anti-Ballistic Missile] treaty which limited America’s ability to defend itself, that was a very positive constructive thing.

Raw Story: You’ve said, “the only way to cure the problem is for Republicans to lose the Congressional elections this fall.” Do you think they will? What would you do if you were in charge of running the 2006 strategy?

Viguerie: I think it’s too early to say how the elections are going to go. In the world we live in today, communications being what it is, the world being what it is, things can change rather quickly, and move dramatically in a different direction. You have a very political White House, and a White House that has the ability if they focus to make a big difference politically.

I have not called for the defeat of Republicans in the fall elections. I want them to prevail. [But] I think that nothing is going to change in a significant way for conservatives unless there is a change in leadership.

Raw Story: Do you think Sen. Trent Lott (R-MS) would be a better Senate leader than current Senate Majority Leader Frist (R-TN)?

Viguerie: He probably would be. He wouldn’t be ideal, but he would be better. Tom Coburn [would be], but that’s not going to happen anytime soon. Almost the entire leadership in my opinion should be changed. They’re all complicit in the problem. I think conservatives are in the similar position as the biblical Jews who had to wander in the desert for 40 years until the corrupt leaders had passed away. Then they can go to the promised land.

Raw Story: What is it you think about Sen. Tom Coburn (R-OK) that you think would make him a good Senate leader?

Viguerie: He’s a principled conservative. He would not make a good leader with this present Senate because they’re all big government types. Coburn is a hero to conservatives because he’s like Barry Goldwater, he’s principled, he stands on principles. And they don’t like him there. They’ve tried to keep him out of the Senate. The earmarks, the pork barrel. Any issue expanding government, Coburn is going to stand there and yell stop. He’s not going to go there... Goldwater became Goldwater for a very simple reason, because he stood up to the leaders of his party.

Raw Story: If you were in charge of Republican strategy for the November elections, what would you do?

Viguerie: For conservatives, this is a Catch-22. In one sense’s it’s relatively simple: Republicans never win national elections unless the elections are nationalized, when the country is focused on a national agenda. Tip O’Neill famously said, ‘All elections are local.’ That’s a Democrat saying. Democrats like elections to be local. Democrats are a deliverer of services. They pave the roads, they make sure that your social security checks arrive on time. Not so Republicans. The 1980 election of Reagan – elections were nationalized, people were focused on a national election. 1994: the country was focused on again Hillary care, the competence of Bill Clinton, a social agenda, gay rights, a tax increase where no Republican voted for it -- that’s a nationalized election. They also nationalized the election in 2002 quite successfully. Originally they were opposed to homeland security legislation, then they flipped and came out for it.

Raw Story: What do you think the most important issues are in the 2006 elections?

Viguerie: National defense. That’s what Karl Rove has in essence told us... What the Republicans successfully did in 2002 and 2004… was to create a nexus between Iraq and national defense. They said weapons of mass destruction, and al Qaeda, and people felt that there was a connection between Iraq and national security. That’s the problem the president is having with his poll numbers. Somehow or other I expect they’re going to try to get it back.

They also have to pick ideological fights with the left. The president is in his 30s [in the polls] not because he’s governing as a conservative, but because he’s not governing as a conservative... He needs to pick ideological fights with the Democrats, judges, spending priorities, taxes... There’s almost a Conservatives Need Not Apply sign in front of the White House [except for a few appointments]: Jim Nicholson at Veterans’ and [UN ambassador] John Bolton ...He needs to make some appointments and have the Democrats filibuster them. He needs to be a partisan conservative president. If he does that he’s going to see his numbers go way back up.

Raw Story: So you would encourage partisanship? There seems to be an effort today to reduce it.

Viguerie: Partisanship is fine. I would hope that as long as we have disagreements we should be disagreeing, we should talk about it. It’s the demonization of people that is a problem, but partisanship is very healthy, that’s America.... We weren’t partisan in the 50s, 60s, and 70s and that’s when Democrats controlled everything.

Raw Story: The war in Iraq has been broadly supported by conservatives and liberals alike, and is costing the US more than $1 billion a week. Republicans say that to leave Iraq would be to cut and run, whereas Democrats say its time to begin a phased withdrawal? What’s your view?

Viguerie: I opposed the Iraq war. It’s just nation building, and it’s just, you know, conservatives, true conservatives oppose America going in there, and now that we’re in there I don’t know how to get out. In terms of spending priorities, the purpose of government is not to redistribute the wealth, not to promote diversity, not to promote this cause or that cause -- it’s national defense. That’s the purpose of government. That’s why governments come together, to form governments, [why individuals] give up liberties... And internal defense -- you want to be safe in your home. However much money it takes to be safe, that’s what people are prepared to spend. Certainly you can’t compare that to welfare. That’s not why people form governments, to redistribute their income.

Raw Story: One area of particular interest to me is military spending. As I’m sure you know, the US spends at least six times more than the next biggest military spender, and continues to outpace other governments after the cold war. It seems to me that military muscle and fiscal frugality are both conservative values – where do you think the conservative middle ground lies?

Viguerie: We’re the insurer of everybody’s freedom. People are free wherever they’re free not because of their defense budget, but because of America’s defense budget. We’re probably not spending it wisely; there’s an enormous amount of waste and abuse. There’s a lot of pork in these budgets; Homeland Security is just riddled with pork... The decisions are made far too many times for political reasons and not for defense reasons.

Raw Story: John McCain seems – at least right now – to be the front-runner among Republicans for the 2008 race, and has done so by asserting his independent streak while courting the Bush team and Bush’s supporters. What’s your opinion of McCain, or say, Rudy Giuliani?

Viguerie: The idea that Giuliani is a serious candidate for a Republican nomination is not a serious idea. It would destroy the Republican Party. He’s a serial adulterer, he doesn’t agree with Republicans on virtually anything... He doesn’t agree with the Republicans on the second amendment.

McCain is interesting. He’s a serious candidate. McCain is like a political broken clock. He’s right a couple of times now and then. Right on spending primarily, and right on other issues. But he has a real problem with conservatives because conservatives don’t see him as a conservative.

Raw Story: What would you tell Democrats to win in 2006 or 2008?

Viguerie: We all know the things that we hear -- the knocks on the Democrats are that they don’t have ideas that they are promoting. You can summarize them in, ‘My name is not George Bush and I’m not a Republican.’... In many ways, they’re like the big-government Republicans -- if the people really understood what they believed in, more government, less freedom, higher taxes, more spending on welfare, abandoning traditional values in many areas, the type of judges that they would appoint, they’d have a very hard time winning elections. But there are two big areas out there that are going to dominate security for the foreseeable future, and that is national defense and moral values.

Raw Story: I understand national defense. But isn’t moral values a Republican issue that’s being pushed as ecumenical?

Viguerie: If you look at the recent history of elections here, you’d be hard pressed to show that... In terms of moral values, traditional values – I remember I had a discussion with Katherine Kennedy Townsend in the early 80s about how the Democrats are going to have a very difficult time winning elections in the future if they have an anti-God, anti-religious image. They’re uncomfortable with religious issues. There’s one exception – you cannot be a Democrat in good standing if you are perceived as being very religious – the one subgroup is where you’re allowed to be very religious is the blacks, they allow that… If [Sen.] John Kerry (D-MA) had gone to mass... that would really have been a concern to Democrat primary voters.

Raw Story: In May 2000, you said among your goals were “To use the Internet to involve Americans in the political process, to help conservatives gain an advantage over the left.” Who do you think is winning the battle online?

Viguerie: Neither. Right now everybody is talking to the choir. Radio, television, even direct mail, we use these forms of communication to reach out to people who are not [as involved, but] on the Internet, people are talking to themselves. I don’t think it’s had any major impact on politics the way television has, or radio has had.

I developed a business model 40 years ago... in terms of how to use direct mail for political ideology. Nobody has done that on the Internet yet. There’s no business model that has successfully done that on the Internet. [Candidates have been successful,], but not [as] a replicable business model. Right now, it’s a group of hardcore activists.

In terms of political action, the liberals have clearly been more successful, the MoveOn, Howard Dean, etc. But the conservatives have dominated so far using the Internet as a communication means, Newsmax, Matt Drudge, World Net Daily – the conservative sites reach far more people. In one area liberals dominate, in the other area conservatives.



Wednesday, July 26, 2006

The Sinking Sidebar

The Sinking Sidebar--

I don't know why, but these days the sidebar seems to reside way down at the very bottom of the blog. Hopefully, one day it will surface again. But, until then, if you're interested, it's down there. Scroll, baby, scroll.


This problem is only evident in Internet Explorer. In Mozilla Firefox, my sidebar is at the top, where it should be.


The entire Blog looks better in FireFox anyway. It is difficult to do anything in IE.



Tuesday, July 25, 2006

2 Cats that Looks Like Hitler & 1 Political Button




Boris (left)

Frodo (right) (owned by Julie Hood)



Does your cat look like Adolf Hitler? Do you wake up in a cold sweat every night wondering if he's going to up and invade Poland? Does he keep putting his right paw in the air while making a noise that sounds suspiciously like "Sieg Miaow"? If so, this is the website for you.

Curtesy of www.catsthatlooklikehitler.com/










President Coulter?

President Coulter? Right-wing pundit proposed "carpet-bomb[ing]" Iran when asked -- again -- by a Fox host what she would do as president

Summary: For the second time in recent days, a Fox News host asked Ann Coulter what she would do if she were president. Coulter's most recent reply -- during a discussion on Sean Hannity's radio show of Iran's potential development of nuclear weapons -- was that she would "carpet-bomb them so they can't build a transistor radio" much less a nuclear weapon.

During the July 21 edition of his nationally syndicated radio show, which was broadcast from the "2006 Hannity Freedom Concert," Fox News host Sean Hannity asked right-wing pundit Ann Coulter how she would propose to end Iran's nuclear activities if she "were president." Coulter replied: "How about we just ... carpet-bomb them so they can't build a transistor radio?" As Media Matters for America recently noted, Fox News host Neil Cavuto similarly wondered how a "President Ann Coulter" would view certain diplomatic overtures toward Israel from Hezbollah's leadership. Coulter noted that her "first act in office ... would be to deport all liberals" and then "deal with Israel."

From the July 21 broadcast of ABC Radio Networks' The Sean Hannity Show:

HANNITY: What do you think we should do with Iran? What is the Ann Coulter -- if Ann Coulter were president, what would you do?

COULTER: Well, I keep hearing people say we can't find the nuclear material, and you can bury it in caves. How about we just, you know, carpet-bomb them so they can't build a transistor radio? And then it doesn't matter if they have the nuclear material. And --

HANNITY: But you know something, here's a really important question.

COULTER: -- they can't deliver the nuke.

HANNITY: Is the world going to wait until Iran has nuclear capability 'til we react, and how much more difficult is that situation?

COULTER: Well, we see it with North Korea. I mean, North Korea, I think, proves why we have (sic-HAD) to go into Iraq. Once they get the nukes, it's a little bit harder to deal with, now isn't it?



Ann Coulter

Ann Coulter is a syndicated columnist for Universal Press Syndicate, a legal affairs correspondent for the conservative newspaper Human Events, and a frequent pundit and guest on Fox News Channel, MSNBC, and CNN. She is often billed as a "constitutional attorney," apparently based on her University of Michigan law degree and membership in the conservative Federalist Society (a chapter of which she founded while attending the University of Michigan Law School).

Coulter first came to national prominence as a legal correspondent and pundit for MSNBC, which fired her for insulting a Vietnam veteran. The conservative National Review dropped her column after she responded to the terrorist attacks of September 11, 2001, by stating that America should "invade their [terrorists'] countries, kill their leaders and convert them to Christianity." In an interview with The New York Observer, Coulter stated that "[m]y only regret with [Oklahoma City bomber] Timothy McVeigh is he did not go to the New York Times building." USA Today alsoremoved Coulter as a columnist covering the 2004 Democratic National Convention after she referred to the gathering as the "Spawn of Satan convention."

She has become a highly visible pundit on the cable news circuit, noted for her particularly coarse and inflammatory invective directed at Democrats and progressives.


Courtesy of Media Matters.org

Friday, July 21, 2006

2006 G-8 SUMMIT: PRESIDENT BUSH PRESENTS BRILLIANTLY INSIGHTFUL AND NUANCED IDEAS TO ELIMINATE WORLD'S THORNIEST PROBLEMS


2006 G-8 SUMMIT: PRESIDENT BUSH PRESENTS BRILLIANTLY INSIGHTFUL AND NUANCED IDEAS TO ELIMINATE WORLD'S THORNIEST PROBLEMS

Presidential Policy Outline

THE PRESIDENT: Yo Blair! (Chomp-Chomp) Nice spread of chow, huh Poodle Boy? Anyway, (Chomp-Chomp) I've been thinking about all these dumb (Chomp-Chomp) problems that everyone keeps bellyaching about (Chomp-Chomp), and I done thought up solutions (Sluuuuurp) for all of them. Listen up:

ON ISRAEL/LEBANON CONFLICT: "What they need to do is get Syria to get Hezbollah to stop doing this shit and it's over!"

ON STARVATION IN SUB-SAHARAN AFRICA: "What them African babies need to do is wipe the blowflies out of their eyes and start cracking open some cans of Campbell's Chunky and shit and then they're full!"

ON POVERTY: "What somebody's gotta do is get poor folks to get better brokers and invest heavily in sure-thing stocks and it's over!"

ON BIRTH DEFECTS: "What doctors need to do is tell fetuses to stop sprouting extra arms and flippers and shit out of their faces, and then it's over!"

ON WILD FIRES: "What they gotta do is invent flame-retarding trees and shrubs and grass and shit so they stop catching fire all the time and it's over!"


ON CLIMATE CHANGE: "What should happen is they put a whole bunch of giant air conditioners around the glaciers and cool that shit down and then it's over!"

ON A.I.D.S.: "What folks gotta do is practice abstinence-only when it comes to poking monkey cornhole and stop sitting on AIDS-encrusted toilet seats and then not get sick and that shit is over!"


ON DEALING WITH AL QAEDA: "What them evildoers gotta do is start standing still so when we shoot 'em they're dead 'n' shit."

ON MALARIA: "What they need to do is pick up a whole mess of Deep Woods Off® down at Costco to stop them shitbird skeeters from biting and it's over!"

ON UNEMPLOYMENT: "What people need to do is change their names so they're the same as their smart and well-connected daddies, and then say 'yes' when folks throw jobs at them, and then that unemployment shit is over!"

ON ACID RAIN: "What they gotta do is tell those San Fagcisco hippies how nobody wants their lousy LSD mixed up with the rain and then it's over!"

ON THE TRADE DEFICIT: "What needs to happen is folks shopping at Wal-Mart gotta buy more cheap plastic shit that's made by American Mexicans instead of Chineses and then it's over!"


ON NORTH KOREA'S NUCLEAR PROGRAM: "What they gotta do is get China to get Kim Jong Il to stop being such an annoying little pygmie motherfucker and shit and it's over!"


ON RELIGIOUS STRIFE: "What folks need to do is flip the bird to all the bullshit Gods and start kissing Jesus' creamy ass but good and then everyone's a Christian and it's over!"

ON CONTAMINATED WATER: "What everyone has to do is sign up for a nice, clean Poland Springs water cooler and then they deliver it right to your house and that shit-in-the-water problem is over!"

courtesy of www.whitehouse.org

Thursday, July 20, 2006

Weak Job Growth & Rising Inequality

Job Growth Continues to Lag as Fed Chief Bernanke Blames 'Unskilled' Workers-

Only 121,000 new jobs were added to the economy last month, a rate that falls short of simply providing jobs for new workers just entering the workforce.

Alan Abelson, in his column "Up & Down Wall Street" - Barron's 7/10/06 notes:

'As Philippa Dunne and Doug Henwood, our favorite parsers of the monthly employment reports, put it: "This was a weak report, with few signs of strength under the surface." They note that the 121,000 slots added brought the average monthly gain in the second quarter to a meager 108,000, sharply below the first quarter's 176,000 and even more sharply below the long-term average of 236,000.'

'A full 25% of the gain was from government hiring, mostly local and state. A good chunk of the 75,000 new jobs from private services were from health care and the bar and restaurant sector. That prompts our jolly duo to speculate that "maybe our new economic model is one in which vigourous eating and drinking inspire a lot of doctor visits, which reinvigorate us for a fresh round of eating and drinking." We'll drink to that.'

Fed Chief Ben Bernake was questioned in Congress on Wednesday about the continued outsourcing of well paying jobs and the resultant rising inequality between rich and poor in this country. He continued to blame the 'lack of skills' of many workers and pointed to education and 'skills upgrading' as long-term solutions to this problem.

Several Democratic senators took issue with Bernanke's interpretation, pointing out that many highly skilled positions, such as computer programming, are being lost to countries like India and China.

The fact is that the U.S. is not competitive in many areas, its manufacturing industries are basket cases, and the mountain of debt is a gathering threat to the U.S. dollar.



Wednesday, July 19, 2006

CHESS - Finding the right continuation - Analyses

CHESS - Finding the right continuation - Analyses - 6 comments
Scroll down to Diagram if you want to solve on your own!

Anonymous said...
1. Rxf6 Bxf6 2. Qg4+ followed by Nh5 and mate.

Anonymous said...
Nah, I don't like that line, because Black would probably just play sneaky... 1. Rxf6 Bxf6 2. Qg4+ Kh83. Nh5 Be5now what?How about this1. Rxf6 Bxf62. Qg4+ picking up the loose knight on b4Don't know if I really like it, though. Maybe we have to start with 1.Bh6 keeping all the other options open.

oldtimer said...
I like 1.Bg5 pinning the knight. If 1...Qe5 or Qd8 protecting the knight then 2. Bxf6!, Bxf6 3. Qg4 ch and white picks up the knight.

awfulhangover said...
What's wrong with 1. Bh6 and if rook moves 2. Rxf6 Bxf6 3. Qg4?

Vohaul said...
after 1.bh6 rfc82.rxf6 (better is bg5, i suppose!) bxf63.qg4+ kh84.qxb4 bxc35.bc qxc36.qxc3 rxc3black is clearly better now ...best in my opinion is oldtimer's recommendation1.bg5 qd8 (what else?)2.bxf6 bxf63.qg4+ kh84.qxb4 greetz, Vohaul

MrKen45 said...

I also agree with Oldtimer -- 1.Bg5! pinning the knight. If 1...Qe5 or Qd8 protecting the knight then 2. Bxf6, Bxf6 3. Qg4+ and white picks up a knight.

Incidentally, if 1 Bh6? then 1...e5! and if White plays 2 Bxh6?! Rxf8, Black has central control + 2 pawns = +. Similarly 1 Rxf6 does not net enough material.

CHESS - Finding the right continuation


White to move. What is the best way to proceed?
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Victor Korchnoi in Las Vegas in 2007


Victor Korchnoi in Las Vegas in 2007


Victor Korchnoi has agreed to come to Las Vegas in 2007. We are working on the details for a match between Victor and me during the 2007 Las Vegas Chess Festival and the Susan Polgar World Open Championship for Girls / Women next year. As everyone knows, Victor is a fierce fighter and it should be a very entertaining match. I am looking forward to it.
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Monday, July 17, 2006

Support Bush and the War!




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More About China/U.S. Economic Risks

Fund Manager Concerned About Linkages Between the American Consumer and China

Here is what Charles M. Ober, Manager of the T. Rowe Price 'New Era' fund had to say in an interview in Barron's on 7/10/06:

Barrons: So this commodity boom could continue for a good while longer?

Ober: We've got, in some cases three to five years to go. With energy, it's going to be very tough, even to get a reasonable cushion to offset the supply scarcities...The cycles vary from commodity to commodity.

Barrons: Could the onset of a severe global slowdown, a hard landing in China, upset the whole scenario you've laid out?

Ober: That would be the primary risk.

Barron's: You don't see signs of this?

Ober: Well, I am concerned about the linkages between the American consumer and China. Right now, the dollars from our yawning trade deficit get largely recycled by the Chinese into U.S. debt instruments. This process has fueled much of the U.S. residential real-estate boom by keeping nortgage rates restrained. But now, mortgage rates are rising and housing prices are starting to wobble. This figures to get worse as all the adjustable-rate mortgages made at low initial fixed teaser rates begin to reset over the next several years.

Strapped consumers could materially cut back on consumption. That, in turn, would result in lower Chinese export sales. As a result, fewer dollars would end up going to China to be eventually recycled back to America.That would further weaken U.S. home prices, and both nations would be hurt by the break in the financial daisy chain...


"U.S. Could Be Going Bankrupt "-- Says Study For U.S. Federal Reserve

After North Korea fired 7 missiles a little over a week ago, commentators were quick to point out the country's isolation and the fact that is was a 'bankrupt' state. Fox News & others explained how Communist China was responsible for keeping the North Korean economy afloat and that the rogue state had nothing to export except military hardware - hence the "advertisement" for its missiles.

Well, China keeps another economy afloat - the economy of the U.S.A. It does this by lending the money to consumers here to buy all the gizmos & knick-knacks we cannot afford and do not need. The Chinese continue to make massive purchases of U.S. Treasury Bonds without which interest rates would be much higher and the residential housing market, as well as the securities markets would collapse.

The U.S. is also a bankrupt state, according to a study prepared for the Federal Reserve Bank of St. Louis. (And we also earn lots of hard currency by selling our military hardware to almost anyone).

The following article appeared in the U.Ks 'Telegraph' (7/14/06):

US could be going 'bankrupt'

By Edmund Conway, Economics Editor (Filed: 14/07/2006)

The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.

A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.


Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.

According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''
.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.

Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.

The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.

Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."

The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.

Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."

Paul Ashworth, of Capital Economics, was more sanguine about the coming retirement of the Baby Boomer generation. "For a start, the expected deterioration in the Federal budget owes more to rising per capita spending on health care than to changing demographics," he said.

"This can be contained if the political will is there. Similarly, the expected increase in social security spending can be controlled by reducing the growth rate of benefits. Expecting a fix now is probably asking too much of short-sighted politicians who have no incentives to do so. But a fix, or at least a succession of patches, will come when the problem becomes more pressing."