October 30, 2014

Fed ends 6-year effort to stimulate economy

If this goes down as reported, there may be a massive stock market correction tomorrow. Of course the big banks already know and probably positioned themselves to make money off it.

God help the ~65ish year olds with 403(b)'s and a financial adviser who convinced them to keep all their savings in stocks.

Personally I believe a correction needs to happen. I just wish it wouldn't overly punish the individual investor after all the huge investment/trading banks got bailed out. I am very interested to see what happens tomorrow.

http://money.cnn.com/2014/10/29/news/economy/federal-reserve-ends-qe-bond-buying/index.html?hpt=hp_t2

October 22, 2014

Pick me up story of the month

Its great to see things that actually restore some faith in humanity. And from a Dodger's fan none the less...


http://www.cnn.com/2014/10/22/us/mysterious-hero-identified/index.html?hpt=hp_c2


edit: its worth watching the video clip so you can get an idea of what this guy was running into

October 17, 2014

So we do the right thing by getting hybrids, then...

https://autos.yahoo.com/blogs/motoramic/california-readies-pay-as-you-drive-tax-test-175305098.html

From the article:

"The move makes California the largest state to explore how modern technology might replace the dwindling money from gasoline taxes used to build and maintain roads, thanks to ever-more efficient vehicles and less driving overall. Congress has been forced to fill the gap at the federal level with billions of dollars in temporary funding; in California, where residents pay 48.5 cents on the gallon in state gasoline taxes worth more than $3 billion a year, the state has borrowed from those revenues in recent years to cover shortfalls elsewhere."


Oook, so we did the right thing and got more fuel efficient, we already pay a higher gas tax than other states for "cleaner gasoline", and now here is the real kicker. The higher taxes we have been paying in order to maintain and build roads, were borrowed in order to cover other budget shortfalls... so now they want to tax every mile we drive... call me a god damn prophet, but I foresee them using this new tax to also pay for OTHER SHIT than road building and repair.

This may not be a second thought for people with good public transit (ie. san francisco, new york), but its pissing me off in LA

October 1, 2014

Bombs away!

http://news.yahoo.com/white-house-exempts-syria-airstrikes-from-tight-standards-on-civilian-deaths-183724795.html



The White House has acknowledged for the first time that strict standards President Obama imposed last year to prevent civilian deaths from U.S. drone strikes will not apply to U.S. military operations in Syria and Iraq.

A White House statement to Yahoo News confirming the looser policy came in response to questions about reports that as many as a dozen civilians, including women and young children, were killed when a Tomahawk missile struck the village of Kafr Daryan in Syria's Idlib province on the morning of Sept. 23.