Goin’ vertical

It’s “Vertical Day” at Mike Huckabee’s website. The former campaign website has been transformed to become the new home for Huck-PAC, and promises to endorse the candidates who will support the ideas and efforts the Huckabee campaign. And, it’s off to a great start.

“Vertical politics” relate to issues which are neither Left nor Right, but seek to lift everyone “Up”.

Here is what Governor Huckabee says about it:

If you followed my campaign for President than you may remember the first “Vertical Day” we held on September 24 of last year. On a day when many said we should have focused on our fundraising for that “all important” 3rd quarter financial report, we instead focused on the issues. I blogged about the issues, answered questions about specific issues and used video to speak to voters about issues important to our campaign. We also featured guest blog posts from key supporters of the campaign, supportive bloggers and a guest post from Newt Gingrich. We had a great time and received lots of positive feedback from supporters.

The campaign also featured a post from this blog. Cool, huh?

Today’s event also invites readers to submit there own ideas to some pretty serious challenges facing our nation:

-How would you control spending in Washington?

-How would you make America energy independent?

-What would you do to improve our education system?

-What would you do to improve our health care system?

-What sort of tax reform do you think America needs to boost our economy?

-What steps would you take to promote conservation and good stewardship of the environment?

Weighty issues, indeed. Here is where I would begin on the economy/tax reform/business ethics question…..

President Bush is catching some flak for saying that the core of our economic problem is that “Wall Street got drunk.” I think there is a lot of truth in that very blunt assessment. And, within that assessment lies the key to possibly fixing the problem.

Derivative investments, with their lack of transparency, and lack of a consistent method for fair valuation are a ticking bomb which threatens to wreck our economic system. Here is what I propose to begin getting back on the right track.

Tie executive compensation directly to the derivative investments held within that company’s asset portfolio. Compensation over and above $1,000,000 per year must be paid out in the form of these financial products, as valued on the company’s most recent 10-K. In addition, instead of granting incentive-based stock options in company stock, require that companies first use their existing portfolio of derivatives.

The way I see it is, if these “financial products” are good enough to invest the hard-earned stockholder’s equity in, then they’re good enough to pay the top execs with. Oh yeah, and those multi-million dollar severance packages? You guessed it. Forget paying those out in cash. Pay them out in “financial products” instead.

Obviously, the derivatives problem is not going to go away overnight. But, I’ll wager that if the top execs understand that the gravy train is over, and their own compensation will be directly affected by dabbling in these disasters, then they will begin to address the underlying challenges of transparency and valuation.

Sound too simplistic? Well, sometimes the simplest solutions are the best.

For more solutions, click on over to Huck-PAC

Later, y’all.
=====

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Yet Another Rant

More things that puzzle, perplex, and just plain piss me off.

In yet another sad and infuriating case of political correctness trumping over literacy, Dallas County Commissioner Kenneth Mayfield was ordered by a judge to apologize for calling the central collections office that is used to process traffic ticket payments a “black hole”. It seems the judge doesn’t realize “black hole” is a scientific term for a well documented natural phenomenon. My question is: how did this moron ever get to be a judge?

As if I needed another reason not to vote for Barrack Obama, there’s this little beauty: “I don’t understand when people say ‘We want English only’. Instead of worrying about whether immigrants can learn English–they’ll learn English–you need to make sure your child can speak Spanish!” I have some news for the good Senator. First of all, most public school curricula require taking at least a few years of a foreign language. If you go to any government buildings, and most shopping malls, all the signs are printed in English and Spanish anyway. But more importantly, last time I checked, this is an English speaking nation. English is our lingua franca. Anyone who doesn’t understand that a language is an important part of a country’s national identity simply isn’t qualified to be the leader of that country.

On a similar note, here in loony Massachusetts, the MIRA (Massachusetts Immigrant and Refugee Advocacy) recently was on Beacon Hill, advocating full “civil and human rights of all illegal immigrants”, according to a column Michael Graham wrote in the Jewish World Review. Evidently these people either have poor grasp of the English language, or the law, or both. Let me help by giving the definition of illegal: “forbidden by law or statute.” Hard to understand? Too ambiguous? I don’t think so. Furthermore, here in Massachusetts, illegal immigrants can recieve free medical care, access to our public schools, subsidized housing, and, by the way, jobs that pay a lot more than they’d earn back home. More than one Massachusetts town, Cambridge to name just one, has declared itself a “safe haven” for illegal immigrants, vowing to not cooperate with federal authorities. Do you know what this is called in most countries? Treason. And what’s truly bizarre about this is that if I light up my cigar in a Cambridge restaurant, I become a criminal, and rest assured, that law is vigorously enforced. I guess some criminals are better than others.

In two separate article today, I read how the Catholic church is threatening to excommunicate a splinter group that has ordained three women priests. Also, the Anglican church has forbidden an openly gay bishop from attending the Lambert conference. Now, certainly people can disagree as to the various merits of each position, but it seems to me that, in an age when these churches are losing members in droves (at least in this country) things like this demonstrate that organized religion seems more committed to its own destruction than all the Richard Dawkins and PZ Myers in the world combined.

Speaking of religious lunacy, in another dismaying example of Europe allowing itself to be bullied by religious fanatics, Great Britain’s Lord Chief Justice, Lord Phillips, said he was willing to see Sharia law operate in the country, so long as it did not conflict with the laws of England and Wales, or lead to the imposition of severe physical punishments. My question is: how are they going to do this? Sharia law is particularly harsh, including such punishments as flogging, stoning, the cutting off of hands or death. This is a steep, slippery slope that the UK finds itself on. If Muslims are allowed to be a law unto themselves, why not Jews, Christians, and Buddhists? All these groups have their own religious laws. But I have this quaint belief that those laws should be subordinate to the laws of the nation. To have it any other way is to invite sure and certain chaos. Now I realize that Great Britain has never codified separation of church and state in the way the United States has, but isn’t this going a little too far?

Proving yet again that brainpower is not exactly a hallmark of the dysfunctional Spears family, 17 year old Jamie Lynn Spears tells “OK!” magazine that being an unwed teenage mother is “the best feeling in the world”. Nice going, Jamie. That’s JUST the message teenage girls need to hear. I’m sure those girls in Gloucester who all got pregnant, allegedly as the result of a pact, will be thrilled to hear you’re having “so much fun.” Naturally, feminists and leftists breathlessly huff about the need for more sex education and teen accessible birth control, and perhaps they have a point (teenagers are having sex, whether we like it or not) but in addition to those things, how about instilling in teenagers more discipline, and a stronger sense of (gasp!) responsibility?

Sure, she may have the money to live in a fantasy world, but most teenage girls don’t, and their lives are irretrievably ruined when they get pregnant. They don’t realize the high cost of getting themselves out of the trouble that emulating your–and your sister’s–behavior will land them in. Babies cost money. So does detox. So does a divorce. If Jamie Lynn Spears wants to throw away her teenage years and have a baby, that’s her business. I just wish she’d keep her big mouth shut about it.

Speaking of which, you all have no doubt heard about Alex Rodriguez’s dalliance with Massachusetts hair dresser and former stripper Candice Houlihan. Now I’m not a prude. I realize people cheat on their spouses all the time. But what I find disturbing is Houlihan’s callous way of completely disassociating herself from any responsibility for her actions. “I know how it feels to be cheated on, it sucks,” she grouses. “But a couple of drinks later, I didn’t notice all that much.” Of course, it was the bartender’s fault! Now she’s all bent out of shape at the negative publicity she’s getting. “He’s the one who had the pregnant wife at home”, she huffed to the Boston Herald. You’re right, honey, A-Rod is an asshole, too. But you’re just as guilty here. You’re the one who screwed a married guy, remember? And you’re the one who went public about it. So shut your mouth and enjoy your fifteen minutes of fame. It’s sure to be the last you’ll ever have.

And so the insanity just keeps piling higher and higher. Until next time….

–Smith

“taking up a glowing cinder with the tongs and lighting with it the long cherry-wood pipe which was wont to replace his clay when he was in a disputatious rather than a meditative mood”–Dr. John H. Watson

Please visit my blog at murderofravens.org

How to talk to an Obama cultist

h/t Former Obama Supporters

Primo…Secundo…Tertio! Lord Monckton Exposes Advocates of Global Warming Dishonesty!

Most readers here are familiar with Lord Monckton’s stance on the matter of global warming, or anthropogenic climate change. His chastisement of those who are promoting the many myths and deceits of earth’s cyclical patterns is approaching legendary status, especially in the gathering of climate change opportunists in Bali, and his exposure of the faulty methods of the UN’s IPCC reports in 2001 and 2007.
Lord Monckton recently issued a report to the American Physical Society, Climate Sensitivity Reconsidered, and if you will notice, at the top of the report, is a red lettered disclaimer from the APS about Lord Monckton’s report, with no attribution as to whom authorized the disclaimer.
Not one to permit an arrogant statement to go unanswered, after complying with all procedures and protocols for publication, the Viscount Monckton of Brenchley responded with an email to the President of the APS. I can only hope to provide a future update to this post, with the reply from the APS leadership.

19 July 2008

The Viscount Monckton of Brenchley
Carie, Rannoch, PH17 2QJ, UK
monckton@mail.com

Arthur Bienenstock, Esq., Ph.D.,
President, American Physical Society,
Wallenberg Hall, 450 Serra Mall, Bldg 160,
Stanford University, Palo Alto, CA 94305.

By email to artieb@slac.stanford.edu

Dear Dr. Bienenstock,

Physics and Society

The editors of Physics and Society, a newsletter of the American
Physical Society, invited me to submit a paper for their July 2008
edition explaining why I considered that the warming that might be
expected from anthropogenic enrichment of the atmosphere with carbon
dioxide might be significantly less than the IPCC imagines.

I very much appreciated this courteous offer, and submitted a paper. The
commissioning editor referred it to his colleague, who subjected it to a
thorough and competent scientific review. I was delighted to accede to
all of the reviewer’s requests for revision (see the attached
reconciliation sheet). Most revisions were intended to clarify for
physicists who were not climatologists the method by which the IPCC
evaluates climate sensitivity – a method which the IPCC does not itself
clearly or fully explain. The paper was duly published, immediately
after a paper by other authors setting out the IPCC’s viewpoint. Some
days later, however, without my knowledge or consent, the following
appeared, in red, above the text of my paper as published on the website
of Physics and Society:

“The following article has not undergone any scientific peer review. Its
conclusions are in disagreement with the overwhelming opinion of the
world scientific community. The Council of the American Physical Society
disagrees with this article’s conclusions.”

This seems discourteous. I had been invited to submit the paper; I had
submitted it; an eminent Professor of Physics had then scientifically
reviewed it in meticulous detail; I had revised it at all points
requested, and in the manner requested; the editors had accepted and
published the reviewed and revised draft (some 3000 words longer than
the original) and I had expended considerable labor, without having been
offered or having requested any honorarium.

Please either remove the offending red-flag text at once or let me have
the name and qualifications of the member of the Council or advisor to
it who considered my paper before the Council ordered the offending text
to be posted above my paper; a copy of this rapporteur’s findings and
ratio decidendi; the date of the Council meeting at which the findings
were presented; a copy of the minutes of the discussion; and a copy of
the text of the Council’s decision, together with the names of those
present at the meeting. If the Council has not scientifically evaluated
or formally considered my paper, may I ask with what credible scientific
justification, and on whose authority, the offending text asserts primo,
that the paper had not been scientifically reviewed when it had;
secundo, that its conclusions disagree with what is said (on no
evidence) to be the “overwhelming opinion of the world scientific
community”; and, tertio, that “The Council of the American Physical
Society disagrees with this article’s conclusions”? Which of my
conclusions does the Council disagree with, and on what scientific
grounds (if any)?

Having regard to the circumstances, surely the Council owes me an
apology?

Yours truly,
THE VISCOUNT MONCKTON OF BRENCHLEY

Source.
Why would the APS add such a disclaimer, knowing the nature of the Viscount, as one who will not back down? Are they perhaps attempting to force an issue where they can discredit or minimize the Viscount’s status? Or are they required to put up such a cowardly and flimsy disclaimer, by their dark overlords from the religion of Goremonism?
Regardless, the ball has been returned, and is in the APS court. I will be watching for any foot-faults.

For your viewing pleasure, one video presentation in two parts, based on Lord Monckton’s work.
Thirty Five Inconvenient Truths Part 1.
Thirty Five Inconvenient Truths Part 2.

*ADDENDUM* Arctic ice has actually increased by nearly a half million square miles over this time last year.

Announcing Grandnieces!

They got to come home from the hospital this week, and weighed just over 4 lbs. each at birth. They have a big sister, 3, and a big brother, 2. Their Mommy and Daddy will be very, very busy for the next 20 or so years.

Robin Long, Your Obligations Have Come Due!

A U.S. Army deserter who fled to Canada three years ago has been deported back to America to face possible court martial or a return trip to Iraq.

The Canadian Press.

And so he has, to much wailing and gnashing of teeth from the loons who have supported the many deserters that have fled to Canada.

I visited many of the websites and blogs that are devoted to encouraging and supporting people like Long, who make a commitment to their nation, then violate that agreement and flee to a country that will shelter them. I will not link to any of those sites, as they are the most pathetic group of destroyers of society you could possibly imagine. Duty, Honor, Country are meaningless words to them, as they only support their desire to promote anarchy and Marxism by undermining a nations ability or desire to provide a strong national defence. Perhaps there are some well intentioned people that associate with these groups, but they certainly are misguided and the leaders of these groups know exactly what they are doing, and why.
So do I.

So, to jab those anarchists and Marxist with a pointy stick, I say, Welcome Home, Robin. Your day in court will be forthcoming and perhaps not too soon. In the meantime, you will have many opportunities to learn a skill before entering the U.S. Disciplinary Barracks-Fort Leavenworth, Kansas, such as cleaning latrines, mopping with perfect figure eights and of course, being a master of the electric floor buffer.

I should also include a definition of desertion in this post:

U.S. military law: desertion is not measured by time away from the unit, but rather:
1) by leaving or remaining absent from their unit, organization, or place of duty, where there has been a determined intent to not return;
2) if that intent is determined to be to avoid hazardous duty or shirk important responsibility.
3c)Any person found guilty of desertion or attempt to desert shall be punished, if the offense is committed in time of war, by death or such other punishment as a court-martial may direct, but if the desertion or attempt to desert occurs at any other time, by such punishment, other than death, as a court-martial may direct.

The UCMJ is found in Title 10, Subtitle A, Part II, Chapter 47 of the United States Code. In Subchapter X, “Punitive Articles,” section 885, article 85, is found the remedy for desertion.

Some look at contracts in daily life as something that can be broken or ignored at will, with some legal wrangling to make things whole again. Signing a contract with the U.S. Army is not such a contract and is accompanied with a solemn oath. That this punk, Long, would volunteer for service, sign a contract and take the oath to defend the Constitution of the United States, then decide he didn’t want to take the chance of having his lovely locks harmed, or his sorry butt injured or killed, just walked away and fled the country. He deserves no better than what the Courts Martial decides. I doubt he will get the death penalty, that would do too much harm to the good will of Canada’s PM for sending him back. There are quite a few other deserters in Canada that need to be returned home for prosecution, to take such a punitive action and I would like to see them all returned and rewarded with the full weight of the UCMJ, and many years of military corrections followed with a dishonorable discharge, which is equivalent to a felony conviction and the loss of certain rights and privileges, such as the right to vote.
Once again, Welcome Home, Robin, you worthless sack of excrement, your obligations to this country, your word and your sacred oath have come due.

BTW, did you know there is an actual Memorial To Deserters in Ulm, Germany? I found it in my research and it honors the German deserters of WWII, of which 15,000 were executed.
The central idea behind the memorial? “Desertion is not reprehensible, war is”.
My! How profound and wrong-headed.
How many deserters were there? I don’t know, but with that high a number of executions, it must have been huge and of course we all know how badly WWII ended for Germany.

This further illustrates my contempt for those who do desert and especially for their enablers.

PPT has a busy weekend

Not much time was spent on the golf course this weekend for members of the Plunge Protection Team. Today’s announcement of a support plan for Fannie Mae and Freddie Mac follows another grim week on Wall Street. Hank Paulson and Ben Bernanke faced the impending meltdown of Fannie Mae and Freddie Mac with the only real tools at their disposal: expanded borrowing authority from the Fed, and, pending Congressional approval, direct government ownership of equity shares in the mortgage giants.

“Fannie Mae and Freddie Mac play a central role in our housing finance system and must continue to do so in their current form as shareholder-owner companies,” Paulson said Sunday. “Their support for the housing market is particuarly important as we work through the current housing correction.”

Last week’s market volatility culminated with a large-scale bank failure, numerous 52-week lows on the Dow, and the CEO’s of America’s largest financials wondering when and if the bloodletting would end.

Just one blogger’s guess, but I expect a strong market rally next week as news of the support plan for Fannie and Freddie gives a much needed shot of confidence to beleaguered investors. Hopefully, Congress will take a very close look at this and demand that government’s ownership positions will be both limited and temporary. I can dream, can’t I?

Update:
from WSJ

The federal government’s seizure of IndyMac Bank is deepening worries among executives, regulators and consumers about the U.S. banking industry, which is in a tightening bind following a long run of prosperity.

Banks and thrifts are struggling against a rising tide of bad loans, and it is becoming increasingly clear that some lenders won’t be able to dig their way out. While fewer banks are expected to fail than the 834 that went under from 1990 to 1992, it will likely take several years for battered financial institutions to work through their bad loans and replenish their depleted capital.

It may take longer than that. The BOGNONBR graph has been updated since our last look, and the trend shows no indication of changing direction. Quite the contrary: a 15% decrease in non-borrowed reserves from the previous month.

Update 2:

a grim assessment from UK Telegraph, predicts “de facto nationalisation of the banking systems in the US, Britain and Europe.”

I might have to reconsider my “Monday Rally” prediction.

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