Saturday, January 29, 2011

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  • Jason Statham is Men’s Health February 2011 Cover Boy

  • Chris Brown Wants A Favor From Rihanna

  • Lady Gaga and Luc Carl Falling Apart

  • Kate Hudson to Play Linda Lovelace

  • Britney Spears New Album Drops March 15th

  • Kim & Kourtney Kardashian, Kendall Jenner and Scott Disick Shop in L.A. With Baby Mason

  • Jaime Pressly Divorcing Simran Singh

  • BREAKING – Charlie Sheen Enters Rehab

  • Derek Hough Taking A Break From Dancing With The Stars

  • Tracy Morgan Likes Sarah Palin When He’s All Alone and Other Celebrity Gossip







































































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  • Good stuff, albeit understandably similar to Ryan’s speech last night, right down to the setting and studiously soft-spoken delivery. Even so, I want to promote it as a way of patting him on the back for floating his proposal for $500 billion in cuts this year. That plan is dead on arrival, needless to say, but passing it isn’t what Paul is after. What he’s trying to do with that eyepopping number is communicate the magnitude of the problem to the public in hopes of moving the Overton window on spending — because if this new Gallup poll is right, it’s going to need a lot of moving. And not just among Democrats, either:



    Not a single point’s worth of difference between Republicans and Democrats on Social Security despite fiscal responsibility having rocketed to the top of the conservative policy agenda over the past two years. I don’t know how else to account for that except as a near-catastrophic failure by prominent Republicans to explain even to their own base that eliminating earmarks and cutting NPR’s funding and canceling a pie-in-the-sky defense project or two isn’t remotely equal to the task of guaranteeing sustainability. Case in point: Not only didn’t Ryan squarely address Social Security and Medicare last night (“the politics of evasion,” Ross Douthat calls it) but even a fearless deficit hawk like Paul, speaking only to an online audience, didn’t go after them here. Anyone who’s serious about balancing the budget long-term must support entitlement reform, no matter how unpleasant the prospect might be, but rarely does the public hear that point made by a prominent politician. And the entirely predictable tragedy of last night’s SOTU, as Tom Coburn argued in his op-ed this morning, is that only leadership from the most prominent politician of all is realistically capable of moving public opinion on this — yet that leadership was almost entirely absent last night. Writes Yuval Levin of the missed opportunity, “This speech was worse than bland and empty, it was a dereliction of duty.” And here’s Matt Welch:


    [T]he president, though he is much more serious on this issue than a huge swath of his political party, is nonetheless not remotely serious about this issue. Vowing to cut $400 billion over 10 years (a plan that, judging by the two people clapping when he proposed it, will likely be cut to ribbons if it survives through Congress), at a moment when the deficit for this year is more than three times that, indicates that Democrats (and a helluva lot of Republicans as well) are hunkering down in our awful status quo–half-heartedly tinkering around the edges of spending, making incremental changes this way and that, then launching new moonshots and redoubling old impotent efforts. Politicians have put us on the precipice of financial ruin, and they show no indication of doing a damned thing about it.


    And I think they know it. Look at the plaintive, semi-desperate, Stuart Smalleyesque mantra Obama kept repeating at the end: “We do big things.” By his insistence his anxiety shall be revealed. We don’t do big things, America, not in the moonshotty Marshall Plan way of speechwriters’ cliche box. Increasingly, we don’t do little things, either–like keeping libraries open five days a week in California. What we do is snarf up ever-larger portions of your grandkids’ money for purposes that are usually obscure and often criminal.


    Read his whole post, including and especially the concluding line. Just as I’m writing this, and as a prelude to Paul’s video, the AP is across the wires with news from CBO that its projections for Social Security were wrong: They used to believe that the program wouldn’t start running permanent deficits until 2016, but it turns out the deficits will begin this year. (We’ll likely have a separate post on that later.) Like Paul says, the day of reckoning is at hand.




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  • Monday, January 24, 2011

    Making Money on Line


    Making maple syrup in a hotter world






    It's hard to take big-picture global temperature increases and bring them down to a personal level—partly because of that confusion between weather and climate, and partly because scientists simply have a better understanding what is very likely to happen in an averaged-out global system, than they have of how changes in that global system are likely to affect your backyard.



    I like the way Climate Wisconsin is trying to bridge that gap. First, they use interactive visuals to show the local symptoms of climate change, like rising average temperatures and fewer days of ice cover of Wisconsin lakes. Then, they connect those symptoms to Wisconsin life. If these trends continue, what impact will they have on things like fishing, forestry, farming and, yes, the making of maple syrup.



    It's a hard line to walk. The family featured in this video has recently experienced some of the worst years for making maple syrup in four generations. But, because weather isn't climate, next year could be better for them, even as the climate, overall, continues to warm. At the same time, though, climate change is likely to have long-term impacts on where and how well sugar maples can grow—and when, and for how long, their sap runs in spring.



    I think this video and the related essay do a better-than-average job of making that distinction. This family won't be out of business next year. But, over time, climate change is very likely to make this work harder for them. The harder it gets, Wisconsin traditions associated with maple syrup making will become less common—and the 5-million-dollar syrup industry will bring less money to the state.



    Also, I just finished re-reading Little House in the Big Woods, and it's fun to see how the process of maple syrup production has, and hasn't, changed since Grandpa Ingalls threw a sugaring-off party at his Wisconsin cabin in the late 1860s. Check out the taps they hammer into the maples. They look just like the Little House illustrations, but instead of draining into wooden buckets, the sap now flows into plastic bags.



    Thanks to agroman for Submitterating!



    Last night, we pointed out that as a part of their countdown to 10 billion app downloads, Apple actually revealed the top all-time app downloads for paid iPhone apps, free iPhone apps, paid iPad apps, and free iPad apps. The top results seemed pretty straightforward, with a few oddities here or there. And there may be a good reason for such oddities. The system appears pretty easy to game.


    Well, technically, it’s probably not really “gaming” the system. At least not yet. It just appears that Apple is being a little sloppy in populating their lists. After speaking to a few top app developers, it seems that Apple is counting total download numbers in aggregate, regardless of if an app switched between being free and paid.


    In other words, to boost yourself on the top paid app lists, all you would have to do is go free for all but one of the days, then switch to paid, and all those downloads would be counted towards your total as a paid app, it seems.


    Obviously, free apps tend to be downloaded more than paid ones. So if you had a popular app and went free, then went back to paid, this could be a great way to jack your stats.


    And several apps have done this switch from time to time (though we’re not saying they did it to jack their stats — they probably didn’t know that Apple would rank this way — instead it was just a nice offer to customers). Top apps like Traffic Rush and a few of the Tap Tap Revenge games are good examples of this.


    One developer we spoke to, John Casasanta of TapTapTap, said that he found the numbers fishy because they’ve done multiple apps and Apple’s rankings don’t line up with their actual separated numbers. But if you take into account free and paid downloads for one app, things begin to align.


    We’ve reached out to Apple about the issue, and will update if we hear back. In the meantime, be a bit wary of some of the top paid apps on that list — they may not be making as much money as it may seem given their position.



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    Tuesday, January 18, 2011

    foreclosure law


    BR: Its gotta come form the top — time to stop coddling criminals whether they be muggers, bankers or laeyers.








  • Greg0658 Says:



    January 11th, 2011 at 10:40 am

    like the double-pyramid diamond of cash flow – it is also a representation of IQs








  • SCTTD Says:



    January 11th, 2011 at 10:52 am

    Failure to impose the law blindly to all parties equally will cause the total loss of faith in the system that we are spending trillions to “save”.








  • obsvr-1 Says:



    January 11th, 2011 at 11:35 am

    just a minor phonetic modification: change lawyer to liar and voila! all is well … I jest of course, when a lawyer commits perjury the punishment should be harsher then when a common citizen does as the lawyers are bound by their profession to up hold the law (or are they ?).


    When the gatekeepers fail us, we are doomed to exist in the cesspool of the plutocracy, hopefully the disinfectant power from the light of disclosure and truth will cleanse the system.








  • About That Perjury, Judge . . . « Dylan Ratigan Says:



    January 11th, 2011 at 12:34 pm

    [...] PERMALINK [...]








  • MakingtheDrop Says:



    January 11th, 2011 at 12:56 pm

    Can’t play musical chairs when the dj is bought and paid for (or dead). The music just keeps playing…

    Hang the blessed dj… http://www.youtube.com/watch?v=9AlH2oYedfk








  • EvilEsq Says:



    January 11th, 2011 at 1:17 pm

    Good article. Thanks for saying what the New York Times is afraid to.


    Members of the US’s judicial system (attorneys and judges) have become our de facto aristocracy. The legal industry is the only self-regulated industry remaining in the US.


    How many attorneys were prosecuted after the Enron scandal? Exactly ZERO yet attorneys were deeply involved in the Enron’s governance as well as structuring and documenting all of the transactions the firm entered into.


    It’s not just judges that turn a blind eye to attorney misconduct, bar associations receive over 120,000 complaints regarding attorney misconduct annually. Fewer than 4.3% of attorneys who are complained about are disciplined. Most of the complaints that are prosecuted are for crimes that took place unrelated to the attorney’s legal practice or for an attorney’s misappropriation (read theft) of funds. Fewer than 1% of complaints by consumers of legal services are ever prosecuted.


    Why? Lawyers and law firms are the largest source of funding for state and national political campaigns. In aggregate they give more to politicians than all corporations combined with the vast majority of the funding going to Democrats. Politicians are therefore loath to attempt to regulate the judicial system or the legal industry.


    America’s judicial system is supposed to be our last line to defend our rights, property and liberties. It should be sacrosanct but has been totally corrupted to the advantage of judges, attorneys and their politician brethren… most of whom are attorneys.








  • dsawy Says:



    January 11th, 2011 at 3:34 pm

    I would think that in cases where a) the foreclosure is a judicial proceeding and b) where lawyers have submitted false affidavits, that they’re guilty of fraud upon the court, not merely perjury. Officers of the court are held to higher standards than non-officers, ie, they are responsible for the ability of the court to deliver justice. Where officers of the court commit fraud, the litigants are denied a fair hearing and due process of the law.


    As I understand it, if fraud upon the court is proven, then any decision handed down as a result of that fraud can be vacated.








  • Mike in Nola Says:



    January 11th, 2011 at 3:49 pm

    I don’t know how it is in other states, even in TX, but I know in LA judges have a duty to report to the disciplinary committee lawyers who violate ethical or professional standards. Nothing like a letter from the Disciplinary Counsel to ruin your day.








  • FrancoisT Says:



    January 11th, 2011 at 4:03 pm

    I shall beat the drum on this as many times as needed: Our legal system has been perverted from providing a REASONABLE shake at equal justice to a machine honed to protect the interests of the powerful while shielding them from accountability and repressing very harshly, the “little people” that is, most of us who are not very well connected politically or by virtue of significant wealth.


    Read “The New Jim Crow” and “With Liberty And Justice For Some” (to be published in March 2011)


    So, seeing judges slapping lawyers on the wrist for offenses that would send us to the brig for a long time cannot possibly be surprising…and that is the real tragedy.








  • ELS Says:



    January 12th, 2011 at 10:56 am

    I guess. Remember, though, that any criminal charges require the DA to prove intent. So, you snag all the folks making slave wages (“Did you know that you were signing things w/o reading them?” “Yes.”) You might snag their managers who probably don’t make much more money (“Did you know your people were signing so many declarations that there was no way they could actually be reading the underlying files?” “Yes.”). Will you be able to convict anyone above that? Probably not. Everyone that was not in a position to literally see how things were set up has plausible deniability. As for the lawyers, it will also be very hard to obtain a conviction unless they actually saw the person signing off w/o looking at the file. When you need the dec, you send a letter or e-mail to the client along the lines of “I’ve drafted your declaration. Please review this closely. If it is not accurate, please call me or mark up the draft and send it back so I can correct it. If it is correct, please sign it and return it.” If the client signs w/o changing, where is the provable intent on the part of the lawyer?


    Part of the reason many highly suspected cases of perjury don’t get convicted in all kinds of civil cases is because they are not easy to prove and obtain convictions on. The other part of the reason is simple resource allocation. Every perjury conviction is a purse snatcher that may not get prosecuted instead. It is your basic guns vs. butter question.


    There are, however, things the Courts could do to prevent this in the first place: strictly apply the rules of evidence. Some lackey at the bank doesn’t have personal knowledge, but in his / her declaration says they read the file and the files says “XYZ.” If those notes from the file aren’t attached, that declaration is double hearsay – it’s inadmissible. In all honesty, many lawyers are lazy or don’t quite understand the rules and the Courts would come to a standstill if the rules of evidence were super-strictly applied outside of trial. There is a certain credibility component when one chooses to be lenient about the rules in order to get the cases moving. In my observation, the banks have lost that credibility and the judges I see have started applying the rules of evidence much more strictly when they are before the Courts.












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    Following the maxim that drastic times call for tepid measures, the banking industry continues to pay "lip service" to loan modifications while doing little. On Dec. 15, the Congressional Oversight Committee admitted the government's HAMP loan modification program has failed to help enough homeowners to stem the tide of foreclosures. The vast majority of loan modification requests fail, in part, experts believe, because banks have balked at offering a reduction in mortgage principal, the most effective way to halt costly foreclosures. Trying to revive HAMP, the administration in December announced new regulations designed to push banks into offering more reductions in principal than they have in the past. Fannie Mae and Freddie Mac immediately proclaimed, however, that they remain opposed to making this option available to struggling homeowners. Protecting the interests of the banking industry over the consumer, the Federal Reserve also blocked new foreclosure regulations that would have reined in foreclosure abuses. Although the economic collapse of 2008 has caused the tide to rush in on everyone, there has been no bailout for the "little guy." Left to fend for themselves, increasing numbers of homeowners are turning to a little-known provision in the federal bankruptcy law, which permits the discharge of a second or even third mortgage in its entirety in a Chapter 13 bankruptcy. The American Bankruptcy Institute recently reported that Chapter 13 bankruptcies have risen by 9 percent in 2010 compared to last year.



    Flying under the media radar, the right to discharge a second mortgage in a Chapter 13 bankruptcy provides a glimmer of hope to homeowners stuck with a foreclosure because they own a home they can't afford and can't sell. With one in 10 Americans out of work, while others have suffered a pay cut as a condition of keeping their jobs, the amount of disposable income available to pay a mortgage is not what it used to be. Getting rid of a 2nd mortgage payment can sometimes make the difference between keeping a home and losing it to a foreclosure. How then does a homeowner qualify? Quite simply, when a home is worth less than the balance of a first mortgage, federal bankruptcy law -- at least in most states -- permits a homeowner to treat a second mortgage like an unsecured credit card and discharge it in a Chapter 13 bankruptcy.



    Housing prices dipped for the third straight month in October, and hope for a recovery in 2011 has started to fade. According to Corelogic, an industry researcher, 11.8 million homes, or more than one out of five mortgages in the United States are "underwater" -- i.e. the total mortgage debt exceeds the value of the home. The U.S. Department of the Treasury estimates eight to 13 million foreclosures will occur from December 2010 through 2012 unless something intervenes. Ironically, the HAMP requirement that a homeowner generally be at least 60 days behind on a mortgage in order to qualify has led to foreclosures on homes where the mortgage payment had been up to date. In fact, a recent National Consumer Law Center's survey of 96 foreclosure attorneys in the US found that mortgage servicers began foreclosure proceedings against 2,500 of their clients even though a loan modification request was pending. Loan servicers do make more in fees from the foreclosure process than from the loan modification process, so this is not surprising.



    Bankruptcy is a business decision, no less for a homeowner than it was for General Motors when it filed a Chapter 11 bankruptcy. This economy has sent clients to my door that I seldom used to see -- attorneys, physical therapists, nurses, college professors, and scores of people dependent on the real estate market for their livelihood. A bankruptcy is usually preceded by a loss of income, a divorce or medical issues, sometimes all three. Bankruptcy is not on anyone's list of fun things to do, and clients only consider it when the alternative, like a foreclosure, is worse. Many have tried to do a short sale or loan modification to no avail and have found that the bank would rather foreclose. In New Hampshire, a homeowner will be responsible for a mortgage deficiency for 20 years. These problems will persist until the powers that be decide to offer more than half-measures to address the foreclosure crisis.



    For those facing the loss of their home and wondering whether a Chapter 13 bankruptcy may help get rid of a second mortgage, the following information may be helpful:



    (1) It is disingenuous of banks to lull homeowners into a false sense of security by scheduling a foreclosure auction when a loan mod request is pending. If this happens to you, don't be too trusting when your bank tells you not to worry about the foreclosure because they'll continue the auction if there's no answer by the auction date. What they are really saying is if you are denied, the foreclosure will happen. One client told me that Bank of America won't even consider continuing a foreclosure auction due to a loan mod request until it was 72 hours before the auction date. I regularly receive panicked calls from homeowners denied a loan mod just before the auction occurs. While a Chapter 13 stops a foreclosure automatically, given how busy most bankruptcy lawyers are these days, finding one who has time to do a court filing at the last minute may be difficult.



    (2) If you decide to see if you can get rid of a second mortgage, ask a broker to give you an opinion in writing of what your house is worth. Brokers will usually do this as a courtesy, figuring if you ever do decide to sell your house, you'll go through them. Make sure you ask for the potential sales price rather than a list price, which may be somewhat inflated. If the estimate is less than the balance of your first mortgage, then removing it in a Chapter 13 bankruptcy is possible.



    (3) Even if you can get rid of a second mortgage, however, a Chapter 13 is not for everyone. Removing a second mortgage only works if you have enough income to complete the plan successfully. If the real problem is that you don't have enough monthly cash flow to pay your first mortgage and other expenses, Chapter 13 won't solve that problem.



    (4) Chapter 13 will permit strapped homeowners to discharge most or all of their credit card debt. It usually won't discharge certain debt like taxes and student loans.



    (5) Before making a decision, you want to be sure you can keep all property. Most states have exemptions sufficient to permit a homeowner to keep a house, vehicles, and other assets, however, some states are more generous than others.





    The above is not intended as legal advice for your particular situation. Questions should be addressed to attorneys admitted to practice within your state. Richard Gaudreau is a lawyer admitted to practice in New Hampshire and Massachusetts and may be reached by email at: richard@attorneygaudreau.com or by phone at: 603-893-4300.







    Source:http://removeripoffreports.net/

    Small Business <b>News</b>: Social Entrepreneurship on the Rise

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    Thursday, January 13, 2011

    Moms Making Money




    Amber Portwood mugshot, hitting Gary video below


    MTV’s Teen Mom reality star Amber Portwood has been arrested and is in jail in Indiana.


    She has been charged with three felonies after hitting Gary Shirley, her child’s father, during an episode of Teen Mom.


    Amber Portwood, 20, was arrested and charged with two felony counts of domestic battery, one felony count of neglect of a dependent, and one misdemeanor count of domestic battery. [TMZ]


    Recently Amber Portwood told the National Enquirer that MTV actually paid her to hit Gary Shirley.


    From the National Enquirer:


    But Amber insists the violence was all a ruse and that show execs gave her an extra $1,000 to “get physical” with her ex during filming because they “wanted more drama,” says an insider.

    “Amber knows she needs a good defense, and reality show producers are known to stage scenes, so she thinks it’s believable.

    “She says that the producers were concerned because they don’t get much drama from the other moms.

    “They told her that she and Gary were the most popular couple on the show and that they would pay her extra to provoke a fight. Amber says Gary didn’t know about it because they wanted a ’spontaneous’ reaction from him.”


    Amber Portwood has attacked Gary Shirley three separate times and MTV, whether they told her to do it or not, should be partially held responsible.


    It’s disgusting what has become of so many reality shows. Hitting, attacking, bullying, and making people’s lives hell seems to bring up ratings, but at what cost? The really sad thing in this instance is that a child is involved. MTV may not have paid Amber Portwood to hit Gary, but even if they didn’t, they filmed it happening and aired the episode – all for ratings and profit. They reward her for the bad behavior and give her a paycheck for the “drama” they crave so badly. But that money will be gone soon (especially now that she could be fined $10,000 for her charges) and what’s left? A child who will one day see this footage which will definitely be damaging to her.


    Congrats, MTV, after Jersey Shore I didn’t think you could sink any lower, but it looks like you have. It’s a shame considering the ground-breaking, edgy, rock n’ roll channel it used to be. Now it’s simply the Jerry Springer of networks.


    Amber Portwood is facing 3-years in prison and may be fined upwards of $10,000. I hope that $1000 was worth it.







    The movie, Race to Nowhere, has brought new attention to education and student motivation. I hope that this film inspires dialogue about what school could become.


    As Seth Godin says in his 2010 book, Linchpin, Are you Indispensible?, the sign outside school could read, “We teach people to take initiative and become remarkable artists, to question the status quo and to interact with transparency. And our graduates understand that consumption is not the answer to social problems.”


    I want to work at a school like that! What child does not want to go to a school as Godin describes: “What they should teach in school: Only two things: 1. Solve interesting problems. 2. Lead.”


    Kierkegaard once said, “We create ourselves by our choices.” Our children and our students are making choices based on our examples.


    In Terry McMillan's 2010 sequel to Waiting to Exhale called Getting to Happy, 15 ½-year-old Sparrow tells her mom, “Most of the kids at my school get their meds from their parents’ and grandparents’ medicine cabinet."


    We are aware that some children are doing homework until late in the night and taking pills to stay up. How big of a problem is it? Another character, 14-year-old Taylor says, “I looked in your side table and I saw your little pharmacy ....all of [my mom’s] scripts were on display in the medicine cabinet. This is where most of my friends get their stash to sell at school for spending money.”


    Jason McDonald, an instructional designer, and academic researcher states that "for high school and college there is evidence that the race we've entered our kids in is damaging them in important ways." 

For college student information, he recommends reading My Freshman Year, the report of an anthropologist who went "native" as a college freshman and recorded her experiences.

    Continued on the next page


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

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    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...

    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

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    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


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    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...


    bench craft company reviews bench craft company reviews

    Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo

    This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...

    Headless body and pipe bomb near school rattle Evanston - Chicago <b>...</b>

    A bomb specialist enters Fitzsimons Park near Nichols Middle School in Evanston on Tuesday. (José M. Osorio/ Chicago Tribune) In the dead of night, an explosion ripped through Evanston's Fitzsimmons Park, shaking houses and waking ...

    Visualize This: Where the public gets its <b>news</b>

    Perhaps the label should be something like “Percentage of respondents.” (The folks who collected the data allowed respondents to cite two “main” sources of news, which confused me.) I'll make the change. Thanks! ...

    Monday, January 10, 2011

    Ways of Making Money

    Business cycles and the essence of long-run economic growth are distinct issues. Preventing recessions is not the key to growth, as these are regrettable but unavoidable companions to an economy directed by a capital allocation process that is susceptible to systematic failure. Preventing the last failure is pretty irrelevant, because the next systematic failure will be different. Last I checked, only the US government is offering low-down payment loans, and no one offers no-documentation loans, so our government is not really helping here. As for creating growth via something new, if centralized governments could do that, the Soviet Union would still be around.


    That decentralized, self-interested, people can collectively make such large errors seems irrational or corrupt to many, but they should remember that growing economies require people to be making things better, which means, new ways of doing things. New ideas are often wrong. Economics has gone onto intellectual cul-de-sacs many times (socialism, Keynesian macro models, input-output models, Hilbert spaces in finance, Arbitrage Pricing Theory, Kalman-filter macroeconomic models, etc.). Other scientific disciplines have their own mistakes, and political mistakes--stupid wars--are also common. These are rarely conspiracies, but rather, smart people making mistakes because the ideas that are true, important, and new, are really hard to discern, and tempting ones are alluring when lots of other seemingly successful people are doing it.


    My Batesian Mimicry Theory posits that recessions happen because certain activities become full of mimics, entrepreneurs without any real alpha who got money from investors looking in their rear-view window of what worked and focusing on correlated but insufficient statistics. For example, people assumed a nationally diversified housing prices would not fall significantly in nominal terms, because they had not for generations; people assumed anything related to the internet would make them rich in the internet bubble, conglomerates would be robust to recession in 1970, that the 'nifty fifty' top US companies had Galbraithian power to withstand recessions in 1973, that cotton prices would not fall in 1837, etc.


    As in ecological niches, there is no stable equilibrium with when mimics arise to gain the advantages of those with a real, unique and costly, comparative advantage. Every so often there are too many mimic Viceroy butterflies, not enough real poisonous Monarch ones, and a massive cataclysm occurs as predators ignore the unpleasant after-effects and start chomping on all of them. The Viceroy population grows until this devastating event occurs, a species recession. Next time, it won't happen in butterflies, but rather, among frogs or snakes. They key is, some ecological niche is always heading towards its own Mayan collapse (distinct from the 2012 Mayan apocolypse).


    The key to wealth creation is doing less with more--destroying jobs at the micro level and creating jobs at the macro level by reallocating capital and labor to more valuable pursuits. The computer got rid of things from typesetters, secretaries, to engineers working with slide-rules, but these people didn't stay unemployed, they did something else, making the economic pie bigger. This is antithetical to government and unions who think creating a permanent 'job' creates productivity--stability at the micro level and stagnation at the macro level. Wealth is created by having decentralized decision-makers focused on simple goal of making money, which means, they oversee transactions where revenues collected are greater than expenses paid. If externalities are properly priced (I know, most liberal think this never happens), this implies value is created. The continual improvements in method (ie, productivity, wealth creation) merely maintain profits in a competitive environment; to do nothing would see their profits eaten away by competitors would could easily copy what they did and just undercut their prices.


    The key to this is having managers who keep their workers focused. A good example is a story I heard second-hand about a football player for Minnesota Vikings in the 1970s. Coach Bud Grant called this marginal player into a meeting, and said, 'Here's what I need you to do...'. The player, an articulate fellow quite confident in himself, interrupted with an explanation of why he wasn't doing better and suggestions about how to correct it, mainly focused what others were doing wrong. Grant cut him off: 'You don't understand. This isn't a negotiation. Do what I'm telling you, and you have a role here. Otherwise, you don't.' Hierarchies only work well when people have clearly defined goals, and managers who manage their direct reports singlemindedly.


    Private firms can do this much more quickly and often than government, and are rewarded with investment and retained earnings to the degree they do it well. When the government wants to do something, like build a light-rail system, it instead satisfies all its stakeholders who have no financial downside, only veto power, and so the cost/benefit calculus is almost irrelevant. The probability that benefits will outweigh costs when not prioritized is negligible, as highlighted by the fact that companies have to work very hard to make this positive when all those other considerations are ignored.


    Thus, Minneapolis's light rail, at the cost of $1.1B for 12 miles of track, takes me longer to go downtown than a car because it stops 19 times at places no one wants to go because these 'hubs' were then sold as development opportunities, and an unusual number of ex-city councilmen are part owners of coffee shops and stores near these stops. Ridership does not even cover their marginal costs. It could have worked if they had an express train that went non-stop from end to end, but doesn't because it was not designed with the goal of making money, only the hope.


    Good companies like Facebook, Apple and Google, have this sense of really understanding their users. Lots of simple things that making going to their sites and getting what you want. Their inferior competitors are relatively ugly, cluttered, and clunky. These generally weren't genius ideas like the ideas needed to create the first transistor, or Cantor's diagonal argument, in that there competitors had similar raw competence in these field, but it did take people looking to do things better than others, and decisive people who could empathize with their customers created really great things.


    Robin Hanson had a neat article about the Myth of Creativity, where he criticizes Richard Florida's vision of bohemian lead productivity:



    This is a Star Wars vision of innovation: "Feel the force, Luke; let go of your conscious self and act on instinct." And it is just as much a fantasy as that celluloid serial. Innovation is no more about releasing your inner bohemian than it is about holding hands, singing Kumbaya, and believing in innovation.


    In truth, we don't need more suggestion boxes or more street mimes to fill people with a spirit of creativity. We instead need to better manage the flood of ideas we already have and to reward managers for actually executing them.



    Sure, it's good to punish fraudsters, and be wary of the stupid ideas that were passed off as brilliant in the prior cycle (eg, Angelo Mozilo winning the American Banker's Lifetime Achievement Award in 2006, celebrated by politicians on the right and left, prized by Fannie Mae, and Harvard, is now an example of the 'unregulated predatory private sector'). But this is like learning not to put one's hand on a hot stove--good to know, but old news to most. Our priority at the top level should be to get out of the way, and so government should focus on its essential but limited perennial tasks as opposed to creating some new engine of growth. Leave that for the millions of people making sure millions of small changes are constantly made to daily procedures. Such changes do not require vision from politicians, subsidies, or tax breaks, but are rather the natural by product of people trying to make a buck. It's the standard Hayek/Friedman view of macroeconomics, and it's still the best description of how the complex adaptive system of our economy works.

    Every day, more and more people go online to find a way to make money. Here are some ways you can exploit the power of the Internet.


    Sign in with eBay – Despite the downturn in the economy, people are always very nice to the U.S. dollar on eBay. All you need do is to set up an account with them and with PayPal and both are free. Once you have done this take some time to gather all the things you already have, and no longer want or need, and begin to list them on eBay. Be sure to take good pictures and descriptions of your articles are great. Thereby significantly increasing your sales.


    Learn Affiliate Marketing – Affiliate marketing is big and growing fast now. If you do not know anything about this strange way to make money, takes time to learn all this. Affiliate marketing is basically when a person is committed to promoting company products and / or services. For each sale generated from that person to receive the commission. There are many people making full time income and just affiliate marketing. Sounds crazy right? Well, actually there are millions of people around the world who earn their living in earnest with the powerful method of affiliate marketing. Could be one of them?




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    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

    epic fail photos - Probably Bad News: Masturbation Excuse FAIL.


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    AOL Hires Fox <b>News</b> Vet To Double AOL.com Traffic By End Of Winter

    This might actually be a smart move - the audience is exactly what "wtfinator" described. The news team there is often called out for leaning left in the comments on any stories posted on aol.com. Plays to their core. ...

    <b>News</b> - Fashionista

    It's that time of year again when spring campaign images start popping up online and in magazines, making everyone feel a bit more miserable about the frigid and slushy weather outside. Some ads were successful at conveying the label's ...

    Probably Bad <b>News</b>: Masturbation Excuse FAIL - Epic Fail Funny <b>...</b>

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