Steve's barking at weather or not

Majority of this intelligent world believe in global warming.
Statistics prove it. Since the time we started keeping records statistic prove it. (I guess it's proven twice).
There is more CO2 in the stratosphere, again this records and statistics back this up.
Now there are some doubters who say what about the cold weather and snow in May.
One points that heat in the arctic melts the polar ice cap creating unstable weather.
Speaking of unstable weather what kind of records and statistics do are climate scientist have on temperature moderation on daily bases?

Steve's barking Peace in the Holy Land NOT

Much has been discussed on how to get peace between the Palestinians and the Israelis.
Number one problem, all sides must want peace.
On the Israeli there are too many ideas as to what peace is.
Should there be territorial consesions, should there be a two state solution, should the Palestinians be incorporated by other Arab states in the area. If there are peace talks who should be allowed to sit down at the negotiating table. Who truly represents the Palestinian people? It gets complicated.
Now on the Palestinian side, they have ideas like one state solution. Throw the Israelis into the sea. Two state solution with those and there ascendance being able to live in the state of Israel as full citizens. The land should be a Shiite religious state, or a Sunni religious state?
Get my drift.
Then we have the matter of the Arabs who demand reparations for being driven out of Israel.
Should they get their reparations from the Arab nations that drove the Jews out into the State of Israel?
Should the Jews who were forced from their homes get reparations from the government
Why doesn't anyone speak of those Arab Jews that were driven out of there homes by there Arab neighbors, as one talks about the flight of the Palestinians from Israel.
What about Hamas, Hezbollah and Fatah would they be at war with one an other if there was a( forced) peace solution?
What makes US think that we have a solution, because for every solution there is several problems.
If we want to antagonize a people, let us offer solutions to a problem that only God can sort out.    
          

Steve's barking at too little to count

Now I've heard the expression too big to fail, what about banks that are too little to count.
Those are the banks that for some reason have assets that can easily be taken over by a gigantic back, making that big bank even bigger. Those banks one might consider too little too count, so they must be taken over by a bank that's too big to fail..
In the thrilling days of yesteryear a bank could go under and it would take some time but those who didn't have that much money in the bank would eventually be paid. In those thrilling days of yesteryear were one could wait to get his (or her) money out of the bank the peoples were paid in check or cash. The day of being paid by check is dying, everything now including Social Security is being payed electronically or by debit card (with the exception of my maintenance which I still have to pay by check).
My imagination is running away with daymares of what would happen to the economic system I've come to know and love if the electronic system that we have in place would stop for even several days. What kind of havoc would we have?

*A daymare is a made up word by me for scary over active imagination while one is awake.
In my not so learned opinion there is nothing wrong humongous bank if one is a savings bank or a commercial bank or an investment bank, but no co-mingling of banks.
It seems to me that ever half century or so we break up the banking system because of the co-mingling of banks almost collapses our economic system but eventually the banks come back together as if drawn by a mysterious magnetic force.
  

  

Steve's barking at fear and loathing in the news business

I'm pissed, my country has actually spied on some news organization. They got the phone records of some AP reporters. I'm not quite sure what law my government broke, but I'm sure there's one in there.
The government didn't use a wire tap with out a court order did they, that I know is against the law.
I think I heard that my government looked at the phone at the canine (FOX) news network.
Now I know that morally that maybe they shouldn't look at the telephone records of reporters, even though it might help us with national security.
Now as I kinda see it, those who complain the most as this (perhaps) lack of morals are the same people  who last week complained about our lack of security.
Now as I do recall those at Canine News work for a company that is notorious for hacking into cell phones to get a story. This company is also notorious for hiring people who tell our national secrets. This company even has on payroll a man who sold arms to Iran.
It's a funny thing this story of government gathering of phone records came out when it was discovered Bloomberg business news had reporters who were finding out what financial information major financial players would be looking at through the Bloomberg monitors.
I wounder, is that an illegal offence? It's certainly a scary situation. Just think a reporter not reporting to what the major player is looking at but is reporting to friends and family or even being payed by an acquaintance.
That's scary ****.
One can get really paranoid right about now.

Steve's barking sorry

I've just read some past posts, boy my spelling is terrible even with spell check.
My sentence structure is nothing to write about.
I really don't know how I can make fun of anyone, but that 's not going to stop me from trying.
I'm sorry to those who have read my blog and say what the ****.

Steve's barking, imagine there was no Keynes.

Imagine there was no Keynes, what would all those nimrods be complaining about?
Would Keynesian economics be called something different, after all someone would of had to think in the terms of simple logic.
Now I never read The General Theory Of Employment, Interest and Money after all I got all my economic learning from Samuelson and Galbraith, and reading those two guys is like reading the Cliff Notes The General Theory.
I kinda get the idea that those who deny Keynesian economic can mouth supply, and demand theory of economics but are really clueless when you throw in ability to pay.
OK so I may have thrown some people off. What with this ability to pay sh*t?
Getting back to what if there was no Keynes, his principles should still be correct unless of cause one believes that by clapping ones hands you can save Tinkerbell or that the jobs fairy really exists.

Government has a duty to create jobs, even if it runs up high deficits, hopefully creating desire for consumer goods, there by creating private sector jobs to fill this demand, bringing in more taxes to pay down this deficit.  It's not difficult to understand. Even if there was no Keynes.
         

Steve's barking when it come to business there is no difference between government and activist

When it comes to business there is no difference between share holder activist and government.
They both are Monday morning quarter backs. They both have people who have their own agendas, that in most cases harm the companies that they are saying that they want to help.
In my mind the automobile imdusty was saved by having most of the rules of bankruptcy ignored. Fortunately it was able to placate congress without really distroying it's business model.
When one thinks of JC Penny one has to think of  how it was almost destroyed by forcing the company to take on a CEO that didn't understand it's customers.
Is it the smart thing for Apple to borrow money to pay dividends to get a few share holders off it's back?
Both government and share holder activist force companies to look to doing things that are in most cases bad for the company.
The major difference is that one can hope that government does it for the greater good.

Steve's barking IRS profiling the Tea Party

News flash as of yesterday, the IRS is profiling the Tea Party for the filing a 501c3 and 4.
News flash the Tea Party not entitled to tax except status.
I have yet to hear what kind of charity work those Tea Parties do.
No political party should be exempt from disclosure of who, paid what.
We profile Moslems, we profile Blacks, what makes the Tea Party special?

Steve's barking what ever happened school children savings account

It seems when I started public school every in New York City every school hooked up with the local bank and every Monday the children would put a dime(?) into their bank account teaching us little monsters the value of thrift, and in the mathematical department about compounding interest. But alas that the schools in New York City and perhaps the banks felt in was too much of a bother, so it seems this valuable teaching tool is gone forever.

I pine for the day when banks wanted my money, paying me if not a good interest rate at lest a decent one, and this holds true for corporate bonds. I guess were in an era of too much money chasing too much money. 

Steve's barking I got all I needed to know about economics from

I got all I needed to know about economics from a text book by Paul Samuelson and( Nerdy me) economic books by John Kenneth Galbraith, throw in several times that I watched Adam Smith's (George Goodman) money world and wa la I'm an expert on economics.
Of cause Galbraith and Samuelson can't write any more and as they say Adam Smith's Money World has jumped the shark. Too make up for not having those sources of economic wisdom around I religiously follow Paul Krugman, and subscribe to a blog called Naked Capitalism, along with a mailing from the Roosevelt Institute. Why do I get Naked Capitalism and e-mail from Roosevelt Institute, it must be the left side of my brain.
Now I used think that I knew all the economic terms, but there are so many of them , my head is getting bigger.
Arbitrage, yea I know what is.
Backwardation, yea, Bretton Woods Bounded rationality, Crony Capitalism, oh,oh my head starting to hurt.
Crony Capitalism, I unfortunately know that is. Cost-benefit-analysis, who doesn't know that. Man my brain starting to smoke. Externality, and frictional unemployment, please no more terms, my poor head is about to exploded. Derivatives and development economics, please no more. G7, G8, G10 G21, along with Gross Domestic Product,to be distinguished from Gross Nation Product. Oh no my eye balls are on the window, my brains are on the ceiling and my jaw is on the floor. 

Steve's barking to be funny or not to be

Looking at the only two television shows that I watch on a regular basis, or that I used to watch on a regular basis (they are starting to bore me) are satirical comedy shows. Both show have this in common, they two thirds comedy and one third serious ( with the exception of a guest who is funnier then the comedian who host the show). Now there is nothing wrong with that, if I could only make my ageing brain  change from funny to serious and to know the difference. If I get annoyed at these comedians they should understand it's not them it's me.

New rules for Bill Maher have your staff do better research ( No K BEE was not a toy manufacture ruined by Banes capitol but a toy store ruined by Banes capitol)
Christine O'Donnell isn't any crazier then Ann Coulter or Peggy Noonan.
Understand that some facts aren't. ( Just because some guest states how great our health care, that people come here for it , realize that on a 3 to 1 ratio Americans go to foreign countries for health care ( it's called health care tourism).

Steve's barking at GIGO

I happen to come across an article that some I believe well know economist used a computer model to prove that middle class dependency on government assistance is the downfall of government.
Now the article as I recall didn't say exactly what information was used for this computer model.
Now I can recall from one of my computer courses in the wild and woolly early seventies the term GIGO, or in real terms garbage in garbage out.
We as a people seem to put too much faith in things like computer models, though the weather people seem to be getting there predictions more accurate lately. When one looks at a computer model especially in economics, one has to know something about the original data and how accurate that data is, or else we making judgement calls on GIGO, or in an other word crap.  

Steve's barking do the anchors on financial shows know the right question?

I happened to be cruising (as I used to say, before the word surfing came into vogue)  the channels on my TV when I happen to come across a financial network that had on three top industrialist (well at least one that I heard of) who were lamenting that the economy in this country is week. The host then asked the lame question do you think one of the reasons the economy is so weak is because of government regulations?
The three took their time then replied that yea that could be one of the reasons.
The correct question is who are the customers of goods and services, do they want the products that are being produced and can they afford them?

There is one employer that can guarantee employment and that's government but the peoples representatives don't want to spend the money to employee people to drop the unemployment rate by employing them, they in turn spend money on products building up the employment in private sector. I may not be the brightest light in the room, but I can figure out simple logic.

I read in the New York Daily News Today that a large portion of the populous of the Bronx are paying over 50% of their income on rent, that a very dangerous sign for the economy, squeezing out discretionary income is a warning sign of economic down turn that annalist on  financial networks don't seem to get.   

Steve's barking at the devils work shop

Ideal hands is the devil's workshop.
Europe because of the high unemployment seems to me is the breathing groung for revolution and new kind of terrorist. Highly educated and technical savvy.
Watch out world we might just be on the eve of destruction.