Fred Sanders
Fred Sanders's JournalCrashing Oil Prices Will Be Terrible ONLY For A Tiny Part Of The US Economy
The media propaganda campaign to get folks to feel sorry for the taxpayer subsidized, near tax-free profit gravy train than is oil and gas production in America is yet another lie on the loose that folks need to get their pants on over and chase before they ask for more subsidies.
Please, Mr. Oil Baron, stop pissing on folks and telling them it is raining.
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"The US Economy And Stock Market As A Whole Won't Even Notice. While oil and gas capex represents an increasing share of overall capex, it represents less than 1% of GDP (see yellow line in chart above). For the stock market, the 11.9% drop in expected energy sector profits will be more than offset by gains elsewhere. According to FactSet, analysts expect S&P 500 earnings to rise 8.6% in 2015.
There's no getting around the fact that lower oil prices are bad news for the oil sector. But what's bad for the oil sector is more than good for the rest of the economy and the markets.
"Consumer spending represents 68% of the US economy," Charles Schwab's Liz Ann Sonders noted. "Oil and gas capex represents about 1% of US GDP and less than 9% of US total capex (which in turn represents about 12% of US GDP). Therefore, the benefit of lower energy prices to the consumer and many businesses greatly outweighs the significant hit to energy companies and/or energy-oriented capex, especially in energy-oriented states.""
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(Blue line is annual national industrial Capex, Yellow line is energy sector % of national GDP)
http://www.businessinsider.com/energy-investment-a-small-share-of-gdp-2014-12
Pope Leads Global Praise for US-Cuba Rapprochement
Source: Yahoo News (AFP) (4 hours ago)
Paris (AFP) - Pope Francis led a chorus of global plaudits for Wednesday's breakthrough in US-Cuban relations which was hailed from Berlin to Bogota as "courageous" and "historic."
In a personal coup for the pope, it emerged that the Vatican had played a central role in bringing together the global capitalist superpower and the tiny communist island.
The Argentinian pontiff sent "warm congratulations" to the former arch-foes for their "historic decision... to establish diplomatic relations, with the aim of overcoming, in the interest of the citizens of both countries, the difficulties which have marked their recent history".
The Vatican said in its statement that the pontiff had sent letters to US President Barack Obama and his Cuban counterpart Raul Castro, offering their delegations his offices in October to "facilitate a constructive dialogue on delicate matters, resulting in solutions acceptable to both parties."
Canadian Prime Minister Stephen Harper noted his country -- which never broke off ties with Cuba -- had also played a part in ending the standoff.
"Canada supports a future for Cuba that fully embraces the fundamental values of freedom, democracy, human rights and the rule of law," Harper said.
Read more: http://news.yahoo.com/pope-leads-global-praise-historic-us-cuba-rapprochement-220851078.html
So Canada also had a role to play in the rapprochement.
Gotta love Canada and rapprochement.
Man Convicted in German Exchange Student's Killing
Source: AP
MISSOULA, Mont. (AP) — A Montana man who shot and killed a German exchange student caught trespassing in his garage was convicted of deliberate homicide Wednesday despite arguing that a state "castle doctrine" law allowed him to use deadly force to protect his home and family.
Cheers erupted in the packed courtroom when the verdict in the case of Markus Kaarma, 30, was read. The parents of the victim, 17-year-old Diren Dede, hugged and cried.
"It is very good," Dede's father, Celal Dede, said with tears in his eyes. "Long live justice".
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At a hearing Thursday, Diren Dede's parents will give statements to the judge to consider at sentencing. Prosecutors asked for the hearing so Celal and Gulcin Dede won't have to return to Missoula in February.
Kaarma shot Dede in the early hours of April 27 after being alerted to an intruder by motion sensors. Witnesses testified Kaarma fired four shotgun blasts at Dede, who was unarmed.
Kaarma's attorneys argued at trial that he feared for his life, didn't know if the intruder was armed, and was on edge because his garage was burglarized at least once in the weeks before the shooting. They said Kaarma's actions were justifiable because he feared for his family's safety.
Read more: http://www.sfgate.com/news/crime/article/Deliberations-resume-in-exchange-student-killing-5962189.php
The "Castle doctrine" was actually applied, the absolute defence of justification was rejected, the part about the defense of your "castle" has to be reasonable, using deadly force has to be justified.
Four shot gun blasts at the unarmed "intruder". Not reasonable.
Good to know there is still Justice in the world.
America's Ebola Epidemic Currently Consists Of One Person With Ebola | Think Progress
http://thinkprogress.org/health/2014/10/28/3585269/both-dallas-nurses-confirmed-ebola-free/
Nearly a week after health officials declared her Ebola free, Amber Vinson will be released from Emory University Hospital in Atlanta, officials said on Tuesday. The news means that there is just one known person in the U.S. who has an active case of Ebola.
Vinson, one of nearly 70 medical personnel who treated Thomas Eric Duncan, received her diagnosis days after the CDC announced her colleague Nina Pham had contracted the virus. The diagnosis caused further worry when it was revealed that Vinson had flown commercially days before being hospitalized.
Pham, who fell ill two days after Duncan succumbed, was released from the National Institutes of Health last week after two weeks of treatment. She visited the White House not long after, where she and President Barack Obama shared a hug.
For weeks, Vinson’s family members fought criticism, stressing that the Centers for Disease Control and Prevention approved her travel plans. According to hospital officials, Vinson will make her first public statement during a national news conference at 1 p.m. E.T.
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http://hamilton7science.wikispaces.com/file/view/science_-_you're_doing_it_wrong-1.jpg/155926393/525x420/science_-_you're_doing_it_wrong-1.jpg
This is not a "war", it is a pogrom in a ghetto, the Gaza ghetto is like the Warsaw ghetto.
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EDIT:
We are not alone:
"A Pew Research Center poll released Monday showed that a plurality of Democrats across the country, 35 percent, and liberals, 44 percent, said that Israel had “gone too far” in its response to its conflict with Hamas. Meanwhile 47 percent of Democrats told Gallup that Israel’s actions during the current conflict were “unjustified,” compared to just 31 percent who thought the opposite."
To be ignored and sent to jury.......ignored in the media, ignored by our own progressive heroes.....
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Israelis want a "final solution", having apparently forgotten their own history.
War is between relatively equal sides, no war ends up with 1300 civilians killed on one side and 2 on the other, anyone care to weigh in on the math?
Meanwhile cowardly American politicians hide behind chest beating symbolic votes and ship more ammo to Israel as a gift, hoping to keep their fundraising intact and not be attacked by the compliant media...as hundreds of children are torn part limb by limb in their sleep as they
lay in "protected" UN shelters.
As evil as the slaughter is the evil of the American media advancing evil lies and war crimes by the dozens. The human shield argument is so lame as to be a war crime itself, but criminals always have their own sick mind justifications, do they not?
Did you get the part where Israel gets to or has to, I have not figured that out yet, to buy more ammo and weapons.....directly from the American manufacturers? Because the hereto before secret stash of a billion dollars already in Israel, provided by you as a taxpayer, is not enough. Not enough to continue the killing at the pace Bibi wants. How sick is that!
America and Israel belong on the same psych ward, and in the same courtroom.
And yes, I am directly attacking Israel. Israel is wrong and the dead children are dead right, so take me to the jury for my whipping, I am man enough to defend myself and the dead at the same time.
They can edit the story to fit the available publication area.....so they can leave things out, and
They can add what they want, including misinformation, as long as etc. lot of elasticity in that.
Tsilhqot'in First Nation granted B.C. title claim in Supreme Court ruling
Source: CBC
The Supreme Court of Canada has granted declaration of aboriginal title to more than 1,700 square kilometres of land in British Columbia to the Tsilhqot'in First Nation, the first time the court has made such a ruling regarding aboriginal land.
First Nations 'ecstatic' over landmark ruling
B.C. reacts to historic land claim ruling
The unanimous 8-0 decision released Thursday resolves many important legal questions, such as how to determine aboriginal title and whether provincial laws apply to those lands. It will apply wherever there are outstanding land claims.
Read more: http://www.cbc.ca/news/politics/tsilhqot-in-first-nation-granted-b-c-title-claim-in-supreme-court-ruling-1.2688332
Legal experts say that native Canadians with treaty land must be consulted and Give consent to any construction or resource project on their lands, the only exemption is if there is a paramount national interest, with burden of proof on the developer or government.
Friendly tip if you want a comment or thread deleted - please provide a detailed explanation.
No rush in pressing the send button is required, ferreting out the allegedly offensive post in a fevered rush to judgment does not affect the jury process. A link to the posting chain would be nice.
Thank you for your attention.
P.S. Do not be offensive yourself, it does not help.
Shocking Lerner email she RECEIVED mistakenly from tea party group proves why they needed watching.
Turns out the latest non-discovery discovery proves the point as to why the IRS did and should have investigated illegal spending by these groups. And she did not ask for an audit, she inquired about maybe referring this little ditty mistakenly sent to her email, meant for the good wife of Senator Grassley, the grandfather of the tea party morons, to the Examination Section of the audit department for follow up, long way from an audit as the RW claim.
Lerner recognized it for the copy error it was, but asked a colleague what to do with it as it was apparently an illegal activity at face value. Further investigation, was all she was thinking about.....and it did not actually happen. Repeat, no follow up...was Lerner actually covering for the tea party.....??
Remember, always, kiddies, Fox Lies!
The emails appear to show Lerner mistakenly received an invitation intended for Sen. Charles Grassley, R-Iowa, in 2012.
The event organizer, whose name is not disclosed, apparently offered to pay for Grassley's wife to attend the event, which caught Lerner's attention, because social welfare groups paying money to sitting Senators wives to attend functions is obviously political and the money to be spent like this is obviously illegal for a tax exempt group. The December 2012 emails show that in response, Lerner suggested to an IRS colleague that the case be referred for an audit.
"Looked like they were inappropriately offering to pay for his wife. Perhaps we should refer to Exam?" she wrote.
Her colleague, though, pushed back on the idea, saying an offer to pay for his wife is "not prohibited on its face." There is no indication from the emails that Lerner pursued the issue any further.
So it seems that the real truth here is that Fox and friends are trying to get ahead of the story by turning the truth on its head, and the lazy media just soaks it up, they love Fox lies for ratings.
Income to his wife is income to Grassley, not to mention the illegal gift, and that was what was being discussed and they SHOULD have followed up, which they did not, so Lerner the Evil Lackey of Obama just whiffed on an apparent illegality?
Freaking Republicans have more egg on their face as they twist a negative into some kind of propaganda positive because no one in the media can take the time, 5 minutes in my case, to do some basic research whenever Fox is out with another breathless assertion without evidence.
*And I want to know who sent the email, why did the GOP committee erase that name?*
You have to read the exchange for yourself to see how the GOP has so once again utterly and obviously distorted the truth for purely political and propaganda purposes.
There is nothing there there, except for more evidence of tea party disobeying election and campaign financing and tax laws. A good liberal media would have picked up on this long ago, if not instantaneously.
http://waysandmeans.house.gov/uploadedfiles/irs_grassley.pdf
Edit @ 5:22 CST:
MSNBC's Steve Benen summarized the exchange:
Behold, yesterday's blockbuster that set the right's hair on fire. Lerner questioned whether a group had done something wrong, talked to a colleague (legal advisor), and then dropped the whole thing.
American Corruption, in real time. Guess who stood in the way of higher flood insurance rates and
who wanted Senator Cochran out of the way?
Why is this never discussed in The mainstream media? Why are left wing theories, far more reasonable and evidence based than Republican unhinged theories, so much more palatable to the media?
The Kochs have committed, so far, to spending more than 300,000,000 dollars on the 2014 election through their publicly disclosable "public welfare" groups and many millions more in secret donations to political organizations and direct contributions, more than the RNC and DNC combined. They meet in secret rooms in luxury hotels to conspire with the leaders of the GOP and bag loads of money and no one reports on this except on blogs and MSNBC only during certain hours.
Two fucking people. Two fucking people corrupting America with floods of money and influence peddling enriching themselves along the way.
And do not hold your breath that the conflicted media that will be showered with all this money will be unbiased.
By Markos Moulitsas
The Hill
"But those two trends — responsiveness to broad public sentiment and to the Democratic base — are compatible. Liberal base priorities are popular with the American public, whereas conservative hot buttons, from Cliven Bundy to Benghazi to Bowe Bergdahl, are fringe and ephemeral. So it’s probably best that Republicans are less beholden to their base than Democrats. The last thing the GOP needs are more Chris McDaniels and Dave Brats."
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"Then again, Koch-aligned groups have sided with McDaniel in the Mississippi GOP Senate primary. Why? Because Koch insurance companies would stand to directly benefit from higher flood insurance rates in Mississippi, and incumbent Sen. Thad Cochran stood in their way.
One party is becoming increasingly responsive to a popular majority, while the other is becoming a wholly owned subsidiary of Koch Industries. It’s not hard to see which is destined for broader popular appeal."
http://thehill.com/opinion/markos-moulitsas/210433-markos-moulitsas-koch-owned-and-operated
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Edit:
Are the right wing sack jobs ever upset with this piece at The Hill, the comments are hilarious, there are a couple of brave liberals commenting and being ruthlessly attacked by the majority wing nut infested The Hill.
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