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Sunday Smorgasbord for January 3, 2010: Violence on Tap
A Carnegie Deli-sized smattering of news stories from a long weekend that reflects the dominant theme within collective social mood: angst.
Socio-cultural / -economic / -political Items 'o the Day
Mexico announces capture of alleged drug lord ~ AP
Brown Warns of Yemen Threat, U.K., U.S. Missions Shut ~ Bloomberg
86-Year-Old At Heart Of Indian Political Sex Scandal ~ NPR
UN to withdraw staff from Pakistan ~ Times Online
Panic room saved artist Kurt Westergaard from Islamist
assassin ~ Times Online
China Aims To Ride High-Speed Trains Into Future ~ NPR
Congress Considers Hitting Mute on Loud TV Ads ~ AP / NPR
MPs claim they are above the law in expenses fraud case ~ Times Online
US strike kills senior Pakistani Taliban leader ~ GlobalSecurity / Islamic Republic News Agency
700 killed in 44 drone strikes in 2009 ~ GlobalSecurity / Islamic Republic News Agency
Israeli Warplanes Bomb Gaza Tunnels ~ GlobalSecurity
Iran Gives West One Month to Accept Nuclear Deal ~ GlobalSecurity
DoD Foreign Clearance Program ~ Cryptome
Iraqis Outraged As Blackwater Case Thrown Out ~ AP / NPR
UN Official: Afghan Cabinet Dispute a 'Setback' ~ AP / NPR
Market Related Topicality
Dubai Shares Gain Most in Gulf as Burj Dubai Is Set to Open ~ Bloomberg
Iceland President Weighs Anti-Icesave Petition, Delays Decision ~ Bloomberg
Pirate cash suspected cause of Kenya property boom ~ AP
China Will Tax Some Share Sales ~ WSJ
NYSE Announces First-Quarter 2010 Circuit-Breaker Levels ~ Mondo Visione
Program Trading Averaged 25.1 Percent Of NYSE Volume During Dec. 21-25 ~ Mondo Visione
Tokyo Exchange Upgrades Trading System 4 Years After Shutdowns ~ Bloomberg
Options Trading Rises to
Record Following 66% Rally in S&P 500 ~ Bloomberg
Pimco to Start Global Stock
Fund Amid Equity Push ~ Bloomberg
Decade’s Worst Funds Never
Recovered From Technology-Stock Bust ~ Bloomberg
Laughs for Levity
[Bullets'] Arenas Ready To Deal With Gun Fallout [after shooting self in foot] ~ ESPN
Yankees Building New Vacation Home In The Hamptons ~ The Onion
Disclosure: at the time of publishing, I am extremely long the Zero Hedge Manifesto & Socionomic thought while heavily short 'free and fair markets' well into 2010 and beyond.
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Great stuff Chopshop.
Mucho new shit here for me.
Thanks for the effort.
UN withdraws from everything, even your
bank account LOL.
chop, been reading some from your socionomics link:
http://www.socionomics.net/whatis/socionomic-causality.aspx#causality
isn't there a dynamic flow relationship between perception vs. 'reality' / endogenous vs. exogenous? i'm thinking along the lines of soros' notion of 'reflexivity'. a constant push/pull between the two, where the endogenous provides the energy engine and the exogenous provides the steering mechanism (or attempts to).
http://www.socionomics.net/whatis/herding-impulse.aspx#herding
"While some academics look at the phenomena of people going to the mall when there’s a sale, for example, as herd behavior, our perspective is that the people are simply rationally maximizing the utility of their resources. Socionomists only recognize herding when the behavior is non-rational and performed in the context of uncertainty."
wouldn't this be dependent on whether the item for sale is essential (food) or non-essential (electronics)?
and how does the model account for when 'rational' behavior itself is influenced/manipulated by exogenous forces (e.g. the algore book 'the age of reason')?
also, some interesting info on the amygdala:
http://www.neilslade.com/Papers/crazy.html
maybe fight or flight are not the only 2 options?
http://jessescrossroadscafe.blogspot.com/2010/01/is-us-goverment-preparing-lifeboats-for.html
Ayn Rand LIVES!
This has got to be added....
If there was ever any question as to Bernanke's true capability....
This is it....
http://www.bloomberg.com/apps/news?pid=20601087&sid=auCLZh_HZf9E&pos=1
Bernanke suggests that low rates were not responsible for the recent bubble.....
I find this to have made a very clear point about Bernanke....
Also...a 0% govt. rate imposition places a 100% tax on those
retirees who live off of the income on their savings....
They have to spend their savings....
How can this be right....?
BERNANKE ?????
EDUCATED WAY WAY BEYOND HIS INTELLIGENCE !!!!!!!!!!!!
ALL ASSETS ARE OVERPRICED...ALL INCOME STREAMS ....WHEN A GOVT...IMPOSES 0% AS THE COST OF MONEY....!!!!!!
BERNANKE IS A MORON !!!!!!!!!!!!!!
Bernanke is a LIAR, not a moron. Big difference.
No mention of France's now annual tradition among progressive Muslim youths to break the previous year's record of torched cars (and to think I thought my parents were nuts to try and cram themselves into a VW Beetle)? Nothing about the Al Qaeda's reminder to the world that, if fact, nobody likes the Dutch?
That's like hiring a hooker and not having her listen to you cry uncontrollably for half an hour about your male inadequacies. You're leaving the best parts out!
MA ~ priceless, nopat.
always appreciate high-brow, off-colour, jingoistic humour.
in the absence of napalm ... nothing like a little tongue-in-cheek rudyard kipling (on a snowy, blustery morn in nyc) to get the juices flowing.
No worries with the New Years auto bon fire..most insurance carried by UK/Germany on french cars..lol
the MUST READ of the day / week:
This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Deniedfantastic work from TD, even by his standards and that is really saying something.
Excellent excellent
Agreed.