135 Thoughts to “Open Thread Mid-week October 20”

  1. @Moon-howler

    Thanks Moon, and thanks for letting me plug the show!

  2. marinm

    Money shot:

    In an age of supposed globalization, when we are all allegedly becoming more alike—listening to the same American music, buying the same Chinese products—it is astonishing how absolutely British the British remain, and how thoroughly French are the French.

    http://www.slate.com/id/2271943/

  3. Their societies are older than ours and were never set up to be inclusive and a great melting pot. However, both countries have horrible problems with immigrants who are living outside the national culture. Perhaps because they are exclusive, they well remain British and French. Oddly enough, people I know from there are pure bred. Most Americans are hybrids.

  4. Lafayette

    I’m sadden to read another teen from our community has taken their life.

    According to the article in the paper the schools have provided Signs of Suicide training for the Brentsville students. I think it’s good the schools have provided Signs of Suicide training for all Brentsville students. I think it would be wise and in our best interest as a community for the schools to give this training in ALL of our high schools. I hope someone from the schools is reading my suggestion of the training. We can’t for another suicide to dictate what schools gets the training.
    http://www2.insidenova.com/news/2010/oct/25/woodbridge-teen-dies-apparent-suicide-ar-585738/

  5. punchak

    This is SCARY. When I was young, eons ago, I didn’t know or hear of any young people comitting suicide. Maybe it happened but nobody knew about it.

    Modern society puts a lot of stress on young people. If you don’t fit in, whatever that means, you’re likely to become the target of, yes, bullying.

    I knew two young people who jumped off the Golden Gate bridge in the 60s. SCARY !

  6. Wolverine

    Marinm, I would posit that the British may no longer be the British we once knew. The attempts by the courts, government, and other entities to accommodate the demands of the Muslim immigrant population appear to be shredding the foundation blocks of British culture, including the Common Law. In fact, it was the French, frustrated by the refusal of the British courts and government to extradite wanted terrorists, who coined the term “Londonistan” in reference to the United Kingdom.

  7. More TV recommendations–We Shall Remain is being shown on PBS. I believe I have seen it before. It is a 5 part documentary about native Americans, starting with After the Mayflower, and moving towards Wounded Knee.

    Monday nights at 10 pm but…you can also watch the episodes on your computer.

    http://www.pbs.org/wgbh/amex/weshallremain/

  8. Cato the Elder

    Listening to the Ford conference call this morning. Decent quarter. The key thing I was listening for was North American operating margins. It sounds like it’s close to 9.8%, which is a very big deal considering “old” Ford operating margins used to peak at 8%. That’s an unprecedented number if it holds up, and I continue to be impressed with this company.

    1. @Cato,

      Ford really has almost been a phoenix arising from the ashes. So far it seems like a good long term investment.

  9. Cato the Elder

    @Moon-howler
    It might stumble a bit trying to get through 14.5, but there is zero wrong with this company from what I can see. The debt is being paid down much faster than expected. We’ll have to see how high they can push their operating margins, but today’s 25% improvement on historical performances was very good news indeed.

  10. Slowpoke Rodriguez

    A moveon.org lady got stomped (literally stomped) at the Rand Paul/Conway debate last night. Things are looking up!!

  11. Slowpoke Rodriguez

    Moon-howler :@Cato,
    Ford really has almost been a phoenix arising from the ashes. So far it seems like a good long term investment.

    Ford looks like they’re just doing everything right these days!

  12. Is that really what should happen to political opponents? No wonder I hate politics.
    But I agree with you about Ford, Slow.

    Carogo, I found the remarks underneath the video to be just as bad and just as moronic. Someone is bitching about Whoopie and she wasn’t even though.

    I think Baher was trying to be funny. I just don’t like that kind of personality. I don’t mean I hate her. I would just prefer not to listen to her voice. Elizabeth met with my approval here. that doesn’t often happen. I thought Sheri Shepherd made a great deal of sense. They need a moderator with a bull whip or electric cattle baton on that show. I can’t stand all the yelling and interrupting and talking over each other. So…I don’t watch unless it is for a specific reason.

  13. Morris Davis

    A bunch of men push a woman to the ground and one stomps her head, and things are looking up for Slow … spoken like a man or woman who talks crap while hiding behind a cartoon and an alias. I know, I know … you’re on the school crossing guard and if the kids find out you’re a pathetic human being you might get spitballed. Take O’Donnel’s advice and get some man pants.

  14. Here’s the take and a link from a centrist’s point of view….depending upon the value for “centrist”…..: http://althouse.blogspot.com/2010/10/finally-some-good-news-for-democrats.html

    If she was rushing the candidate in disguise, perhaps it was the right thing to do. However, “stomping” is a overboard. Further reporting shows that she, herself, says that she’s alright, with a headache. No medical treatment sought.

    Police were there, but refused to intervene nor stop her from approaching the candidate even though she was in disguise with an obvious wig.

  15. Morris Davis

    I put my foot on her, and I did push her down at the very end, and I told her to stay down,” Proffitt said, “I actually put my foot on her to… I couldn’t bend over because I have issues with my back.”

    Lexington Police began an assault investigation identifying Profitt as a suspect. “Well I’ll just say it, if the police had done what they were supposed to do, it would have never happened,” Profitt said.

    Another man involved in the altercation, Mike Pezzano, who held down Ms. Valle, tells NEWSFIRST he doesn’t condone Profitt’s actions. As for Profitt, he remains defiant. “I don’t think it’s that big of a deal,” Profitt said.

    And when asked if he would apologize to Valle. “I would like for her to apologize to me to be honest with you,” Profitt said.
    ______________________________

    A woman in a wig doesn’t scare me. Cranks with firearms at some of the townhalls did.

    What a teabagger … I put my foot on her because I couldn’t bend over with my back issues and all; besides, if the police had acted I wouldn’t have needed to commit an assault and battery on the woman, and if Anita Hill owes Clarence Thomas an apology then this woman owes me one, too. He’s clearly got command potential in the Teabagging Patriot movement.

  16. Starryflights

    When Tea Party wants to go back, where is it to?

    By Harold Meyerson
    Wednesday, October 27, 2010

    When the Tea Partyers get around to identifying how America has changed and to whose benefit, however, they get it almost all wrong. In the worldview of the American right — and the polling shows conclusively that that’s who the Tea Party is — the nation, misled by President Obama, has gone down the path to socialism. In fact, far from venturing down that road, we’ve been stuck on the road to hyper-capitalism for three decades now. The Tea Partyers are right to be wary of income redistribution, but if they had even the slightest openness to empiricism, they’d see that the redistribution of the past 30 years has all been upward — radically upward. From 1950 through 1980, the share of all income in America going to the bottom 90 percent of Americans — effectively, all but the rich — increased from 64 percent to 65 percent, according to an analysis of tax data by economists Thomas Piketty and Emmanuel Saez. Because the nation’s economy was growing handsomely, that means that the average income of Americans in the bottom 90 percent was growing, too — from $17,719 in 1950 to $30,941 in 1980 — a 75 percent increase in income in constant 2008 dollars.

    Since 1980, it’s been a very different story. The economy has continued to grow handsomely, but for the bottom 90 percent of Americans, it’s been a time of stagnation and loss. Since 1980, the share of all income in America going to the bottom 90 percent has declined from 65 percent to 52 percent. In actual dollars, the average income of Americans in the bottom 90 percent flat-lined — going from the $30,941 of 1980 to $31,244 in 2008.

    http://www.washingtonpost.com/wp-dyn/content/article/2010/10/26/AR2010102605216.html?hpid=opinionsbox1

  17. Slowpoke Rodriguez

    It won’t be making news by then, but I’ll try to follow the court case the ensues from this moveon.org activist rushing Rand Paul. I’m curious to see how far it goes. My guess is nowhere.

  18. PWC Taxpayer

    Well, folks the Democrats are pulling out all the stops. They have reduced the number of absentee votes from the military, packed the voting machines, lied about just about everything, oh, I suppose the marijuana vote in California was just a coincidence to get out the young and stupid vote and now we learn that the media has absent-mindedness with respect to who the big – Big – contributer here is. The American Federation of State, County and Municipal Employees reports that they will be contributing $87.5 million in this cycle, entirely or almost entirely to Democrats. This conflict of interest spending is at the public’s expense – literally, albeit indirectly, but definately. Time for a change.

    Read more at the Washington Examiner: http://www.washingtonexaminer.com/politics/Public-employee-unions-funnel-public-money-to-Dems-1342297-105812358.html#ixzz13Ysxre4Q

  19. Hyper-capitalism? Oooooo, sca, whatever that’s supposed to mean. Oh, nooooo, statistics? Hmmmm, if the rich can earn an open-ended amount, and the bottom 90% has to top off at a certain rate…..that means that the graph will lean towards the rich. Since the 80’s more and more people became richer. Bill Gates? Buffet? Shareholders of Microsoft? Wealth has built all across the spectrum.

    Instead of blaming the rich, why don’t these pundits try to find a solution to their supposed problem? Part of the “problem” is that income did not increase. Well, a lot of salary increases are due to inflation COLA’s. Inflation has been down.

    Anyway, I’m not an economist, nor do I play one on TV. I just don’t see the problem. I don’t care how much someone else makes. I do care about policies that drive jobs overseas and hold down wages in the US. Perhaps this influx of cheaper labor might be part of the reason…..

    Meyerson decides that rich people making more money is not socialism. Lets look at what’s happening today. Who’s getting rich and who is getting bailouts? The rich and connected. Who is NOT getting helped. Those making $30K. Obama has just ramped this up. It happened under previous administrations too. The Tea Party wants to end corporate welfare and make it easier for smaller businesses to compete.

    The Tea Party is about the over-reach of Congress and the President. Its about the amount of taxation and the spending. Its about the over-regulation of small business. Its about the growth of government at the expense of the citizen.

    “Since 1980, it’s been a very different story. The economy has continued to grow handsomely,”

    Finally! Someone admits it in the press. Growing handsomely? I thought the economy had tanked under Bush. Even though we had 5% unemployment, the media kept putting out “recession right around the corner” stories. I thought Reagan didn’t revive the economy. The press always makes it sound like Clinton was the savior.

    But, more simply, the Tea Party wants to return to Constitutional principles. Lets have every bill list the Constitutional authority upon which it is based. Footnotes are your friends. Lets cut spending. Put it all on the table. We have NO MORE MONEY.

  20. Cato the Elder

    @Moon-howler
    Break out your Pepto Bismol, this could be an ugly day!

  21. Cato,

    Yuke. What is setting it off? It has been a not so great week so far.

  22. Cato the Elder

    The Federal Reserve planted an article in the WSJ suggesting that the additional quantitative easing would be more a a dripping faucet than a firehose, which is firming up the dollar. Even if we do pullback here, it’s no big deal unless S&P breaks 1150 on a close. 1150 is an important inflection point and some consolidation between 1150 – 1170 would be rather healthy and set us up for a move higher into year end. Actually I think if we do see weakness today it will be a head fake, as we’re going into elections and an important Fed meeting next week and I would expect the market to digest the results before a sell the news reaction.

  23. Just what is going on at 9500 Liberty Street now? I hear it looks like 760 United Nations Plaza over there in the City. Tell Tell!

    Haven’t you all been giving Mr. F enough attention these days? Has KK’s stolen his parade?

  24. Cato the Elder

    @Moon-howler
    I just saw an opening bell dip in AAPL get bought VERY aggressively so yeah, head fake.

  25. Raymond Beverage

    Wow, Moon! I’ll have to swing down through Old Town and look today when out and about. I thought after loosing the two local Court cases and had the appeal denied down in Richmond, things would settle down and no more would happen.

  26. Please report back in Raymond. Inquiring minds want to know.

    I would go over myself to check out things but it is pouring rain. Live to fight another day. translation—–> dive under quilts.

  27. Cato, still polishing those apples? What a stinking day on the stock market. The only thing I have that is green is axp. grrrrrrrrrrrrrrr

    How low were the apples this morning?

  28. Big Dog

    Mr. “King of Self-Aggrandizement” Fernandez has indeed put up a number of
    poles that appear, from a quick look, to be sporting flags from various countries
    in South and Central America. There also appears to be some other building activity
    directly behind them. Knew he was steamed about KK’s getting all the media
    attention for the past month.

  29. IVAN

    Some 40 flags from various nations are flying from newly constructed flag poles. Looks like Latin countries but my knowledgde of Central and South American banners is limited. I made a quick call to the City inspections office and they say that there are no ordinances about flag poles on private property. Of course 40 is a bit over the top. BTW, the poles appear to be about 30 feet high(just an estimate).

  30. Cato the Elder

    @Moon-howler

    305 and some change looks like the bottom for today, unless we take another leg lower which I don’t expect as volume has dried up. It’s just a bunch of chop, so much so I’m considering shutting down and taking everyone to the movies.

  31. Big Dog

    Haven’t heard much this round, but remember several decades ago when
    Halloween fell on Sunday and the Manassas “Seemed Like A Good Idea At
    The Time” Council voted to move trick-or-treating back a day to Saturday.
    Some citizens had complained about it being on their day of worship plus
    Sunday was a school night. Result = two Halloweens – some kids got
    the word, some didn’t and some, like one current member of the council,
    remember going out both nights.

    (Was reminded of this reading today’s Savannah Morning News on the net.
    Savannah and surrounding Chatham County are giving it a go this weekend.
    Good luck to them. All our Council got afterwards was a “BOO!”- except from
    some greedy “kids” who will remain unnamed.

    Next time the calendar reopens this issue – 2021.

  32. Big Dog

    RR has just annouced the Main St. crossing in Old Town will
    reopen “tomorrow morning” – keep your fingers crossed.

  33. If you haven’t done so yet, try this hilarious game to see if you should vote for Fimian or Connolly.

    http://www2.insidenova.com/news/local/govt_politics/connolly-fimian-game/

  34. Hey! Get my link out of moderation! 🙂

  35. marinm

    http://www2.insidenova.com/news/2010/oct/27/man-charged-plotting-attack-metro-ar-590607/

    Federal authorities have arrested an Ashburn man in connection with al-Qaeda plots to attack Metro stations in the Washington area.

    Farooque Ahmed, 34, was arrested today, charged with “attempting to assist others whom he believed to be members of al-Qaeda in planning multiple bombings at Metrorail stations,” according to a press release from the Department of Justice.

  36. censored by moonhowlings

    What kind of country do we live in today where the 9th circus court opens the doors to illegal immigrants to vote, as well as all sorts of other voter fraud, while at the same time those brave souls fighting and dying for us in combat overseas can’t vote?!?!?!

    9th circus decision:
    http://www.talkleft.com/story/2010/10/26/23557/007

    Military ballots may not be counted:
    http://americaswatchtower.com/2010/10/13/military-ballots-may-not-be-counted-in-illinois/

  37. Cato, I don’t like to watch on days like these. I just shut down. Just looked. A couple more greenies but only about 4. Yuck.

    Big Dog, I remember that too. Didn’t the city change and the county didn’t and kids double dipped for 2 nights? Grrrrrrrrr.

    Pinko…hold your horses. going now. You might be in spam.

    Major nap day. I was going out to the mountains….until the weather made that a totally stupid idea.

  38. Posting as Pinko :

    Hey! Get my link out of moderation! :)

    You were locked in spam. Its those links.

    Someone is trying to post using your moniker. I was almost fooled. It isn’t the usual person though.

  39. Cato the Elder

    @Moon-howler
    Don’t look now but we’ve almost recovered our losses.

    The down open was “fake fake fake fake” http://www.youtube.com/watch?v=KlpD2Ata8kI

  40. Cato and Moon – you two are going to drive yourselves nuts following the market minute-by-minute every day, especially on a day like today. I’m worried about where my investments are in a few months or years rather than a few minutes!

  41. I didn’t follow. I never look when it is bad. I look once…then I stop looking. If I know it is real bad I don’t look once.
    @Bob Pugh

    But, I like looking at special stocks…I have 2 I like to check on daily: Apple and Silver Wheaton. I used to like to watch visa back when it was a fresh young lad. Now it bores me.

    And Cato was right….22 cents down which is nada for apple. Cheer. Glad there was a recovery.

  42. Tornadoes in Port Royal, Fredericksburg, Dalgren area.

  43. Cato the Elder

    @Bob Pugh
    For me watching markets is like a crack pipe. Know what I hate? Weekends. No candles to watch.

  44. Morris Davis

    censored by moonhowlings : What kind of country do we live in today where the 9th circus court opens the doors to illegal immigrants to vote, as well as all sorts of other voter fraud, while at the same time those brave souls fighting and dying for us in combat overseas can’t vote?!?!?!

    You just can’t trust those wild-eyed clowns on the 9th “Circus” Court of Appeals. So who were those Bozos that struck down the AZ law? The 3-Judge panel consisted of former Supreme Court Justice Sandra Day O’Connor (sitting by special designation and appointed to the Supreme Court by President Reagan), Justice Sandra Ikuta (appointed by President George W. Bush in 2006), and Chief Judge Alex Kozinski (appointed by Ronald Reagan in 1985). Sandra Day O’Connor wrote the Court’s opinion.

  45. George S. Harris

    @Moon-howler
    Why have you allowed Cato to hijack your blog and require the rest of us to wade through all the crap about what he is doing on the market? As I said before, it is your blog and if you want to allow him to do this then I guess that is OK but the word boring begins to come to mind. Some others have asked why you don’t start a thread or a separate blog about high finance. Better yet, why doesn’t Cato start his own blog as a place to blow his horn?

  46. Cato the Elder

    @George S. Harris
    Get off my nuts.

    Moon and I were having a conversation in an open thread. If you don’t like the subject matter, exercise your free will and don’t read it, as opposed to throwing a tantrum.

  47. e

    just because a judge was appointed by a republican, doesn’t mean the judge isn’t a liberal. sadly it happens all the time

  48. We promise to keep all stock-talk in the open thread or dedicate one to a stock topic. Actually lots of people on here either watch or play the market.

  49. e, not everyone is going to be a conservative…or at least your kind of conservative.

    I actually haven’t looked at the story. Who is it that has everyone in an uproar?

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