Recent comments by Rajesh

Say, why does South Dakota get to decide who controls the Senate for the next two years? Unfair!

Ruh-roh
Kim Jong-un missing: North Korean leader 'could have fled after attempted coup' - Asia - World - The Independent

Reports surrounding Kim Jong-un’s prolonged absence are now suggesting the North Korean leader may have been subjected to an attempted coup, over a month after he disappeared from the public eye.

Kim, a man whose appearance is central to state propaganda, has not been seen at an event since 3 September. Rumours are rife as to where the leader of the notoriously secretive state could be.

The world is now waiting to see if Kim will attend the 69th anniversary of the founding of North Korea's Workers' Party on Friday, with some suggesting a no-show could signal a change in the Pyongyang regime.

Toshimitsu Shigemura, a professor at Tokyo’s Waseda University, told The Telegraph recent events in the country, including reports of a ban on new travel passes, could point towards an attempted coup, or suggest that the authorities there have uncovered "some sort of plot against the leadership”.

"If it is a military-backed coup, then the situation in Pyongyang will be very dangerous and I have heard reports that Kim has been moved out of the capital," he said.

josap wrote:

If you are driving a car. you can afford a car.

If you are driving a car. you can afford a car or know how to steal one. Fixed It For Ya

Germany's Schaeuble says fiscal stimulus can't fix Europe
| Reuters

"We don't have a recession in Germany, we have a weakening of growth," he said at a Bertelsmann Foundation event on the sidelines of World Bank and International Monetary Fund meetings.

House Prices up 6.4%
Rent up 6.5%
Stock Prices up 14.8%

Wages up 2.0%

What's wrong with this picture?

The junk bond market hasn't closed so its still possible for companies without profits to increase leverage.

T minus thirteen months and counting...

German recession fears mount as exports plunge
| Reuters

German exports plunged in August by their largest amount since the height of the financial crisis and leading institutes slashed their forecasts for growth, fuelling a debate on whether Berlin is doing enough to prop up Europe's economy and its own.

Exports slumped by 5.8 percent, the biggest drop since January 2009, in the latest sign that Europe's largest economy is faltering amid broader euro zone weakness and crises abroad that have battered confidence and led German firms to postpone investment plans.

"The economy seems to need a small miracle in September to avoid a recession in the third quarter," said Carsten Brzeski, an economist at ING.

KidPsych linked:

Multitasking Damages Your Brain And Career,

If I had a Brain or a Career, I might be worried.

Company drops plan for solar tower that can ignite birds

A solar-energy company has dropped a proposal to build a 75-storey solar tower near California's Joshua Tree National Park, employing a kind of solar technology that can cause birds to ignite in mid-air.

The California Energy Commission was slated to vote on BrightSource Energy's project this month, before the company withdrew its application.

The plant would have used "power tower" technology that trains concentrated solar power on steam boiler towers. State and federal officials and conservation groups say a similar BrightSource tower near the Nevada border proved unexpectedly deadly to birds that flew through the concentrated rays.

BrightSource and its partners decided they needed a project that would "better meet the needs of the market and energy consumers," senior vice-president Joe Desmond said Wednesday.

The company remains committed to solar power-tower technology, as well as "sound and responsible environmental measures," Desmond said.

Stay awake from California! You might be hit with a burning bird!

sm_landlord wrote:

at the most inconvenient possible time.

When is a convenient time to become insolvent?

Wisdom Seeker wrote:

Want to throw me a clue brick?

I've already explained it once today. Someone else will have to take up the burden.

Wisdom Seeker wrote:

he's signaling that the Fed should unload the MBS portfolio to normalize policy

That's what he's been suggesting for about five years. They're not listening still.

Fundamentalist Terrorist Bees of African Descent: Suicide Bombers

I'm sure the destruction of Sears and J.C. Penney will not slow the FOMC from raising rates.

Jackdawracy wrote:

upsidaisium mine.

Make sure you tie it on tight or it might shoot off into space.

josap wrote:

approximately three-by-eight feet,"

No, that's the size of the wrong hive. What's the size of the right hive?

josap wrote:

disturbed the wrong hive

How big was the hive they were supposed to disturb?

I think it's China's turn to release bad economic news.

I don't intend to grow up.

Jackdawracy wrote:

contained to Lower Manhattan,

But there are tons of Network reporters and cameraman in Lower Manhattan, so it's like the whole wide world.

bearly wrote:

they can also easily be added to the Travel Ban list.

What about Texas?

SPOOL wrote:

tube into Central London

Then you have to clear security again. Better to just mix with the passengers travelling to all corners of the earth.

Speed wrote:

You're in Liberia, ready to go home to NYC, and you don't feel so hot. Do you:

  1. Switch flights to a 6 -hour stopover in Heathrow. Shake hands with as many people as possible while you wait. There's not problem flying from London to New York because England doesn't have an Ebloa outbreak.

Polish Bond Yields Drop to Record After Central Bank Cuts Rates - Businessweek

The yield on the note due Oct. 2016 fell four basis points to 1.88 percent after the bank lowered the seven-day reference rate 50 basis points to a record 2 percent, its first reduction in 15 months. Seven of 40 economists in a Bloomberg survey forecast the move, while 33 predicted a 25 basis-point cut. The zloty weakened 0.3 percent to 4.1944 per euro at 2:38 p.m.

“The zloty reacted more quickly than the bond market, so perhaps the latter will have to catch up” and extend gains, Richard Segal, the London-based head of international credit strategy at Jefferies International Ltd., said by e-mail today. “The debate was between the size of the cut, rather than whether to cut, so the decision was partly priced in and we’ll have to wait for clues from the upcoming press conference.”

The central bank will explain its decision during its news conference at 4 p.m. in Warsaw. Poland’s economy has been hit by a slowdown in the euro area and international sanctions imposed on Russia for its role in the crisis in Ukraine.

After 17 months of below-target inflation, consumer prices fell in July in the first bout of deflation since the 1980s and declined further in August. Growth in the $518 billion economy slowed to 0.6 percent in the second quarter from 1.1 percent in the first.

“Inflation and activity data are likely to remain subdued over the coming month,” Gautam Kalani, a London-based economist for central and eastern Europe at Deutsche Bank AG, said by e-mail today. “My feeling is they will keep the door open for further cuts, rather than give a signal that they are done.”

The 61% Devaluation That Venezuela Told No One About - Bloomberg

Barclays estimates a quarter of transactions are taking place this year at the two weaker rates and that, as a result, companies are paying the government an average of about 17.3 bolivars per dollar, compared with 6.7 last year. The 61 percent decline is bigger than that posted by any of the currencies Bloomberg tracks across the globe. Argentina’s peso has tumbled 21 percent against the dollar in 2014, while Ukraine’s hryvnia plunged 35 percent.

“It’s a stealth devaluation,” Alejandro Grisanti, a Latin American economist at Barclays in New York, said by phone Sept. 29.

arthur_dent wrote:

you can explain the difference between your chart and this one

When the Social Security Trust fund has a surplus, the Treasury issue securities to the trust fund. These securities are non-marketable debt.

Debt held by Public + Non-Marketable Debt = Total Debt.

Non-marketable debt is issued for other purposes but the Social Security Trust fund dwarfs all other uses.

lawyerliz wrote:

I wanna see the chart!

Go to your optometrist!

arthur_dent wrote:

government spending is private savings.

Government borrowing is private savings. Some government spending is funded by taxes (imagine that.)

Firemane wrote:

why lots of refinancing is actually a good

Presumably, people are refinancing into lower rates, which leads to a lower payment and more income to spend on other items.

Anyone who isn't voting for the Communist Party of China doesn't have any influence on the global economy.

Oh, wait. That's all of us.

I'll stick with plausible deniability.

Merkel Eyes Measures to Ward Off Looming German Recession - Bloomberg

Chancellor Angela Merkel’s government is flirting with measures to stimulate growth, reviewing its options amid evidence that Europe’s largest economy risks plunging into recession.

Among plans being discussed is lowering the mandatory pension contribution by 0.6 percentage point, which would funnel 6 billion euros ($7.6 billion) into the economy, said Michael Fuchs, deputy parliamentary leader of Merkel’s Christian Democratic Union in the lower house.

“There is some leeway for measures to help growth,” Fuchs said in a telephone interview.

Germany’s economy is losing steam as sluggish growth in the euro area and political tension with Russia weigh on demand. With next year’s target to balance the budget looming, Merkel’s coalition has resisted calls to boost spending to foster growth.

“The government has been very reluctant, very often just pointing to an accountant’s point of view, saying everything is fine and we have our debt brake coming up and we can’t use this for more investment,” said Carsten Brzeski, chief economist at ING-DiBa in Frankfurt. “This position is clearly changing now and the economic data is pushing the government to change.”

China overtakes US as World's Largest Accounting Fraud.

Rob Dawg wrote:

I don't understand why it isn't Now a takeover target at $20.

Wait for the bankruptcy auction.

Mortgage interest rates are too high!

mr_clueless wrote:

do they give out awards for the most ignored person on hcn?

We're lobbying for it but not yet.

Bubblisimo Gerkinov wrote:

Clearly I'm not getting the full HCN experience.

Perhaps you're getting better than the full HCN experience.

bearly wrote:

Janet gonna stick-save the mahkets ?

How far does the market have to fall before investors realize there's no Yellen put.?

That's when the Yellen Panic really takes off.

josap wrote:

let the market drop

The market didn't drop. It just became more fairly valued slightly oversold.

Outsider wrote:

Is lunch provided?

Yes. Sometimes they have a dinner in the evening of the first day of a two day meeting.

Like most organizations, hours of meetings, minutes of results.

Prolonged German downturn could prompt stimulus rethink
| Reuters

For now, the top economic priority of Merkel's government is to deliver on its promise of a "schwarze Null" - a federal budget that is in the black, or fully balanced - in 2015.

That goal, spelled out in the coalition agreement struck last year between Merkel's conservatives and the center-left Social Democrats (SPD), is described by officials in Berlin as a political "holy grail" - an historic achievement that would carry huge benefits for both ruling partners if reached.

It is largely due to the constraints of this budget target that Merkel has repeatedly rebuffed calls at home and abroad for Berlin to splash out more public money on infrastructure.

But if the German economy, which contracted by 0.2 percent in the second quarter and may flatline in the third, continues to weaken into next year, Merkel could be forced to reverse course and step up public investment, as the European Central Bank (ECB) and International Monetary Fund (IMF) have urged.

"If the only way to achieve the balanced budget goal is to make cuts that would deepen a recession, it will be abandoned and we will see more spending," said one senior German official, who requested anonymity due to the sensitivity of the issue.

Another official close to the chancellor said: "If the German economy weakens substantially, that would be a game changer."
...
The DIW estimates that Germany is suffering from an annual investment gap of 80 billion euros after decades of declining public and private spending on domestic infrastructure and equipment.

At the start of the 1990s, investment represented 23 percent of German gross domestic product (GDP). Now it is hovering around 17 percent - compared to an OECD average of 20 percent.

Because of this, Fratzscher and other economists like Peter Bofinger, who sits on the "wisemen" council of economic advisers to the German government, believe it was a mistake for the government to set itself a balanced budget goal in the first place.

It is difficult to find anyone in the government who agrees with that now.

Finance Minister Wolfgang Schaeuble has consistently rejected calls from euro zone and G20 peers to increase public spending and has instead called for measures to boost private sector investment.

But there are signs of cracks in Berlin's united front.

Last month, Deputy Labour Minister Joerg Asmussen penned an article with European Central Bank policymaker Benoit Coeure calling on Berlin to promote investment and cut payroll taxes in order to bolster growth in the euro zone.

Asmussen returned from a spell on the ECB's Executive Board to join the coalition government last year and remains a powerful voice.

Members of Gabriel's ministry are also sympathetic to the idea of more public investment and admit that the economic landscape has changed since the coalition agreed to the black zero nearly a year ago.

You won't believe Venezuela's surreal prices | Money | Toronto Sun

A Big Mac as photographed in a studio with an illustrative price tag of $14.60 (US dollars), equivalent to the Bs. 92 (bolivars) that it costs on average to purchase in Caracas at the official exchange rate of 6.3 bolivars per dollar, in Caracas September 29, 2014.

Just in time for Christmas:
The Kano Kit Teaches Kids to Build Computers and Learn to Code

The Kano kit comes with everything you need to build a computer (except a monitor): a Raspberry Pi Model B, Wi-Fi adapter, wireless keyboard/mouse, case, SD card, speaker, power cable, HDMI cable, and software. Unlike other Raspberry Pi kits, the real sell here is the software itself. The Kano OS is an incredibly fun little operating system that teaches you all about basic coding with tutorials for making music, games, and more. When you finish tasks you'll win badges for accomplishments. Within a few minutes you'll have access to the command line and be well on your way to building this little computer all by yourself. I'm an adult and I had a blast running through all the tutorials, so I imagine kids will feel the same way.

A fun little operating system!