Recent comments by Rajesh

Instead of smaller plates, smaller rooms?

Germany Leaves the Euro Zone, and the Problem Is? | Beat the Press

If Germany left the euro zone, the problems of the other countries would be largely over. The euro would presumably fall in value against the new deutschemark, allowing the countries of southern Europe to quickly regain their competitiveness against Germany. The resulting reduction in their trade deficit would be a major boost to growth and employment. And this could be done without the financial disruptions that would be caused by the southern European countries leaving the euro.

So the question is, if Germany threatened to leave the euro zone, why wouldn't the other countries just say "please do?"

Can they take Texas with them?

Jackdawracy wrote:

apartment tightness numbers.

Another measure of the obesity crisis?

Jackdawracy wrote:

What's the spot price on a barrel of whale oil?

Would you like a side order of whale blubber with that?

EngineerJim wrote:

what ever happened to cold fusion ?

Andrea Rossi's E-Cat Devours Lockheed's Hypothetical Compact Fusion

Due to the existence of the E-Cat or Energy Catalyzer, there is no reason – whatsoever – for traditional hot fusion projects to be proposed or continue. No complicated, expensive “hot fusion” technology can compete. Andrea Rossi's technology offers a way of producing vast amounts of power while using no radioactive materials, producing no nuclear waste, and emitting no radiation into the environment. In addition, E-Cat reactors can be made from nearly all off the shelf components; once mass produced, they will be dirt cheap. So the announcement by Lockheed Martin's Skunk Works division of their theoretical plans for a Compact Fusion Reactor or, more formally, the “High Beta Fusion Reactor” seems to have been little more than a move of desperation.

The fancy graphics produced by Lockheed to promote their currently non-existent claim the technology will “restart the atomic age.” In reality, the technology to eliminate the use of fossil fuels and eliminate the use of dangerous conventional fission reactors already exists in the form of the E-Cat. For a number of years, experiments with real world E-Cat reactors (which are small enough to fit on a desktop) have proven they are capable of producing several times more power out than they consume. Certain tests of the E-Cat have demonstrated the ability of the technology to completely self sustain – producing a constant output of power without any input except for the small amount needed at start up. Moreover, the Energy Catalyzer is capable of producing extremely high temperatures in a stable manner (over 1,400 degrees Celsius) beyond what is required for electrical generation with standard turbines.

RE wrote:

Amazon teflon is finally cracking.

Amazon is like Microsoft in the 90's. Patiently bringing late to market products, quite a few of which fail. The first Kindle was a failure but now it is an established product line. Expanding the line into phones isn't working yet but they can afford to miss because it's a small fraction of their business.

Asteroid mining company Planetary Resources launching first spacecraft - GeekWire

Planetary Resources’ launch of the Arkyd 3 engineering demonstrator on Monday will test not only the company’s technology but also its business model, using relatively low-cost approaches to explore space and ultimately mine lucrative natural resources from asteroids.

The mission is scheduled to start at 3:45 PM Pacific time today, with the launch of an Orbital Sciences Antares rocket carrying a Cygnus cargo freighter from Wallops, Va., to the International Space Station. Planetary Resources’ Arkyd 3 satellite will be on board as part of the Cygnus payload.

The cost of the launch for Planetary Resources is hundreds of thousands of dollars, not millions.

“Fortunately we’re in a world today, in aerospace and commercial space, where a company like ours can just buy a launch to space for something that is actually privately financeable and fits within our overall process,” Lewicki said in an interview with GeekWire. “We don’t need to buy an entire rocket for launching satellites anymore. We can just hitch a ride with things that are already on their way.”

energyecon linked:

China Oil Demand Surged 7.4% in September from a Year Ago

The economy grew 7.3% over the year and oil demand grew 7.4% over the year.

It's almost as if oil intensity of the economy has peaked.

energyecon linked:

For how long will Venezuela import crude oil?

The better question is how they will pay for crude imports and food for its population.

Worldwide deflation spiral looms as Federal Reserve policy sputters |

Eternal vigilance against inflation is giving way to widespread concern about the opposite: A protracted period of falling prices. Or, if not outright deflation, a persistent weakness the Economist magazine dubs “lowflation.”

Prices are flat or falling in Europe. Japan is struggling after two decades of deflation. Even in China, price growth is half the official 4 percent target.

Investors seem worried, pushing down bond yields and prices of stocks and commodities in volatile trading this month.

But hold on a second. Falling prices are great for consumers.
However, the good news ends there, because most consumers are also workers. And deflation or lowflation is bad for workers.

Increasingly, when businesses try to raise prices, consumers are responding by cutting spending.

Nestle, the world’s biggest food company, told investors recently that it has no pricing power in key markets, a sober analysis shared by rivals making everything from ice cream to whiskey.

It’s this backdrop of economic weakness that makes deflation so scary to economists and policymakers. We’ve been here before; see Japan since the 1990s and the entire world in the 1930s.

ResistanceIsFeudal wrote:

A capital asset that you can eat

Those are trading Spam, spam, spam, spam, spam, bacon and spam , not eating Spam, spam, spam, spam, spam, bacon and spam .

Twitter user-engagement falls 7 percent, shares dive
| Reuters

Twitter Inc reported a disappointing 7 percent slide in a key measure of engagement by its users in the third quarter, triggering a selloff of more than 9 percent in its stock on Monday.

Some investors had raised fears about declining Twitter usage as other social media and mobile messaging services become more popular. On Monday, the online messaging service also projected fourth-quarter revenue that may miss Wall Street's heightened expectations.

The company reported monthly active users rose 23 percent to 284 million in the quarter, meeting expectations on an important metric scrutinized by investors, who worry that Twitter's growth has peaked. That followed 24 percent growth in the second quarter.

But timeline views per user, which measures engagement, slid 7 percent globally to 636. Views slid 6 percent in the United States to 774. And overall, total timeline views of 181 billion slightly missed analysts' expectations.

On Monday, the messaging service said revenue more than doubled to $361 million in the third quarter, beating an average forecast for $351.4 million. But it projected sales of $440 million to $450 million in the holiday quarter, versus expectations for around $448.8 million.

Shares in the company slid 9.1 percent to $44.17 in after hours trading, after closing at $48.56 on the New York Stock Exchange.

Cinco-X wrote:

I bought a car this month.

Did you buy it or did you borrow it from the bank/lender?

Across the Curve » Blog Archive » Deja Vu All Over Again

Washington Auto Credit, just one of many similar companies in a burgeoning industry, helps would-be car owners find financing for their vehicle purchases by connecting them with a growing crop of subprime car lenders. On its website, it lists Flagship Credit Acceptance, a relatively new auto lender backed by the private equity firm Perella Weinberg, as one of its partners.

Remember, these are sales from the manufacturer to the dealer, not from dealer to customer/lessor.

Is there a vehicle repossession index?

Brazil's Rousseff re-elected by grateful working-class, country divided
| Reuters

The 66-year-old Rousseff, who was a Marxist guerrilla in her youth, overcame growing dissatisfaction with the economy, poor public services and corruption to narrowly clinch a second term for herself and the fourth in a row for her Workers' Party.

After a bitter, unpredictable campaign that pitted poorer Brazilians grateful for government anti-poverty programs against those exasperated with a stalled economy, Rousseff must now seek to continue flagship social services even as she tweaks economic policies to restore growth.

Most investors are skeptical that Rousseff can turn around the slumping economy after four years of ineffective industrial policies. Futures contracts for Brazil's Bovespa stock index expiring in December INDZ4 fell more than 6 percent on Monday before the Sao Paulo stock exchange opened, while Brazil's currency BRBY slipped 3 percent to a nearly six-year low.

Those were the days!
Italy market watchdog bans short selling on Monte Paschi shares
| Reuters

Italy's Consob has banned short selling on Monte dei Paschi's shares on Monday and Tuesday, the Italian market regulator said in a statement.

Shares in Italy's third biggest bank lost more than 17 percent on Monday after results from a pan-European health check of lenders showed on Sunday that Monte dei Paschi faced a capital shortfall of 2.1 billion euros - the biggest gap among the 130 lenders under scrutiny.

KarmaPolice wrote:


It's stealth hyperinflation. You know it's there because you can't see it.

Rousseff leads in Brazil presidential race - Houston Chronicle

Brazilian President Dilma Rousseff is leading opposition contender Aecio Neves 51-to-49 percent with 95 percent of the vote counted.

Still, there are too many uncounted votes for a winner to be declared. That's according to the official count Sunday night from the nation's top electoral court.

Brazilian voters are deciding who will next lead the world's fifth-largest nation.

World Series

World Series

World Series!

EmDrive - Wikipedia, the free encyclopedia

EmDrive (also RF resonant cavity thruster) is a proposed spacecraft propulsion device invented by British aerospace engineer Roger J. Shawyer, who develops prototypes at Satellite Propulsion Research Ltd (SPR),[1] the company he created for that purpose in 2000.[2] New Scientist ran a cover story on EmDrive in its 8 September 2006 issue.[3] The device uses a magnetron to produce microwaves which are directed into a metallic, fully enclosed conically tapered high Q resonant cavity with a greater area at the large end of the device, and a dielectric resonator in front of the narrower end. The inventor claims that the device generates a directional thrust toward the narrow end of the tapered cavity. The device (engine) requires an electrical power source to produce its reflecting internal microwaves but does not have any moving parts or require any reaction mass as fuel. If proven to work as claimed, this technology could be a breakthrough in all forms of travel including ground travel, marine travel, sub-marine travel, airflight and spaceflight.

yuan wrote:

The solution is clearly tax cuts, repeal of onerous government regulations, and social security reform.

You forgot increasing defense spending by a trillion dollars, to cut the budget deficit, you know.

skk wrote:

bloody space-travel

Virgin Galactic to resume powered test flights - CNET

Elon Musk’s SpaceX Will Start Reusing Launch Vehicles Next Year, Cutting Costs | MIT Technology Review

Elon Musk says that next year SpaceX should demonstrate the ability to reuse one of the company’s launch vehicles, something that could reduce the cost of getting to space by a factor of about 10.

The idea of reusing spacecraft is not new. But if SpaceX were to land and reuse one of its rockets it would be a first, and it would make the second launch considerably cheaper. The company has struggled to make the landings work in several experiments though, and Musk says the proceedure may not work reliably for some time.

SpaceX’s rockets are used to launch satellites and to deliver supplies to the International Space Station. The company was recently awarded a multibillion-dollar contract to develop a vehicle for transporting astronauts to the ISS, which would eliminate the need to use Russian spacecraft.

At a shipyard in Louisiana, SpaceX is building a floating platform measuring 90 meters long by 50 meters across. The company plans to land part of its Falcon 9 rocket on the platform after its next mission to the space station, planned for December 2014. Musk predicts a 50 percent chance of success. The company has previously performed a controlled landing into water, rather than on a platform. That attempt was partly successful—the rocket landed safely, but soon after it “tipped over and exploded,” Musk said yesterday at a symposium at MIT.

Just have all the medical workers returning from Liberia routed to Dallas. Problem solved.

josap wrote:

More work that I would ever take on.

The problem is that you have a life.

We have met the enemy and he is us.
- Pogo

Walt Kelly - Wikiquote 

Once you swallow the idea that "it's ethical to be unethical", then it's all good and you can be a Wall Street Bankster.

sm_landlord wrote:

involve emerging markets

If the president is re-elected in Brazil, watch the Dooooooooooooooom!!! .

skk wrote:

I've got ethics.

Probably talked to the guy you stole them from.

skk wrote:

they turned around and said - "Lets cancel"

I think they made a wise choice.

How far do House prices need to fall before it's a crash?

Whiskey wrote:

we just saw the most housing doom we're likely to see in our lifetimes.

A national drop is unlikely but a NYC/Silicon Valley drop is possible even inevitable..

skk wrote:

wasn't the US assassinating Patrice Lumumba, overthrowing Mussadeq, beating up on the Cuban revolution during that time ?

Ah, the good old days.

Off the radar:
Tunisians vote for new parliament, hope for full democracy
| Reuters

Tunisia has fared better than neighbours who also ousted their own long-ruling leaders during the Arab Spring uprisings, largely avoiding their polarisation and chaos even though it faced similar tensions over Islamist versus more secular rule.

But where the role of Islam in politics dominated the first election in 2011, now jobs, economic opportunities and Tunisia's low-intensity conflict with Islamist militants are the main concerns of a country heavily reliant on foreign tourism.

The moderate Islamist party Ennahda and rival secular alliance Nidaa Tounes are favoured to win most seats in Sunday's vote, only the second free election in Tunisia since Ben Ali fled into exile.

But the large number of other parties, from conservative Islamist Salafist movements to Socialists, means a coalition government is the probable outcome. The 217-member assembly will choose a new prime minister.

tg wrote:

for many it will be still be the most profitable investment they can make

No wonder Americans spend every dime they earn; investing doesn't pay.

WRAPUP 1-25 European banks fail stress test, 12 have fixed holes already
| Reuters

The ECB has staked its reputation on delivering an independent assessment of euro zone banks in an attempt to draw a line under years of financial and economic strife in the bloc.

But there is no certainty that bank lending will now pick up as the ECB hopes, to breathe life into a moribund euro zone economy.

"Thinking that lending somehow can lead GDP is an illusion, and I don't know how that has somehow crept into the policy debate," said Erik Nielsen, global chief economist at Unicredit.

Senior Japan official calls for Abe to delay sales-tax hike
| Reuters

A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax decision.

"I think it should be delayed" by a year and a half to April 2017, the prominent official told a small group of people in a recent conversation on condition of anonymity. He expressed concern that raising the national sales tax too soon after a damaging April hike could derail an economic recovery.

Powerful interests like the Finance Ministry, the Bank of Japan and major corporations want Abe to raise the tax as planned next year to keep Japan's promise to reduce the biggest debt burden in the industrial world. But the economic and political environment is making it harder for Abe to make unpopular policy choices.

Recovery in the world's third-biggest economy is struggling, Abe's popularity has taken a hit with two Cabinet ministers resigning in political scandals, the U.S. Treasury Department is pushing Tokyo not to go too fast on budget-balancing and Abe's party faces tough regional elections next April.

An 18-month delay in the tax hike would be in line with recommendations from Etsuro Honda, a University of Shizuoka professor and a prominent outside architect of Abe's policies to revive growth and banish deflation.

"There's a great danger from the next sales tax hike given the current situation where the positive effects of 'Abenomics' and the negative impact of April's sales tax hike are offsetting each other," Honda told reporters on Wednesday after meeting a group of more than 40 ruling party lawmakers who are growing wary about the next tax hike.

gruntled wrote:

Are they really blaming Nixon for the ultimate failure of capitalism?

I think they are blaming Nixon for the ultimate failure of socialism.

Jackdawracy wrote:

What kind of parent calls their kid 'an associate'?

I would guess a lawyer.

Jackdawracy wrote:

a pressure cooker situation.

A Boston Marathon?

Whiskey wrote:

the crime drop is essentially universal.

Above ground nuclear testing.

lawyerliz wrote:

I need dirt.

Doesn't your governor provide you enough dirt?

RE wrote:

On large projects it separated the men from the boys.

You had men on your projects?

How much of that real GDP growth will be inventory build?

I'm more of an old spice guy, myself.

Mary wrote:

I never express a personal opinion.

Isn't that a personal opinion?

Belmont wrote:

don't go bowling

Does that include conference championship games?

Just because I wear Tinfoil Hat , it doesn't mean that I'm sane.