Recent comments by Rajesh

Merkel Says Europe Shouldn’t Fear Punishing Russia on Ukraine - Bloomberg

“These times are confronting us with the question of where we stand,” Merkel said in Berlin. “Nobody should harbor any illusion. As different as we are in Europe, it’s our good fortune to be united and we will unite to make that decision” if Russia “violates Ukraine further.”

Merkel is boosting her domestic standing as she balances warnings to Russian President Vladimir Putin and pressure for sanctions by allies such as the U.S. with Germans’ concern that relations with Russia may worsen. Her approval rating and her Christian Democratic bloc’s voter support increased in an ARD television poll published this week.

Merkel said she’s working to “keep talking” with Russia. “But let me say that the strong can’t be above the law and we have to stand up for the rule of law, because otherwise all of our Sunday speeches will be empty talk,” she said to applause from about 1,000 convention delegates.“These times are confronting us with the question of where we stand,” Merkel said in Berlin. “Nobody should harbor any illusion. As different as we are in Europe, it’s our good fortune to be united and we will unite to make that decision” if Russia “violates Ukraine further.”

Merkel is boosting her domestic standing as she balances warnings to Russian President Vladimir Putin and pressure for sanctions by allies such as the U.S. with Germans’ concern that relations with Russia may worsen. Her approval rating and her Christian Democratic bloc’s voter support increased in an ARD television poll published this week.

Merkel said she’s working to “keep talking” with Russia. “But let me say that the strong can’t be above the law and we have to stand up for the rule of law, because otherwise all of our Sunday speeches will be empty talk,” she said to applause from about 1,000 convention delegates.

lawyerliz wrote:

back in the closet

Hey, it's dark in here. What are these skeletons doing here?

Cinco-X wrote:

taking the trouble to work on a relationship

Lara Croft is pretty tough competition. Very user friendly.

Cinco-X wrote:

oblivious to girls

Not that there's anything wrong with that.

That graphs pretty much documents the worker shortages that businesses keep complaining about.

The Wall Street Journal is letting G.W. Bush have it with both barrels.

Momentum names may see more pain
| Reuters

Facebook Inc (FB.O), for example, has fallen nearly 22 percent from an intraday record reached less than a month ago. The stock was still up nearly 3.8 percent for the year at Friday's close. Among biotech names, Alexion Pharmaceuticals (ALXN.O) has declined 23 percent from a February 25 intraday high, and yet the stock on Friday was still up 7 percent for the year.

Facebook still traded on Friday at a price-to-sales ratio of nearly 20, making it the most expensive in the S&P 500, which has an overall price-to-sales ratio of 1.7. The other companies with expensive valuations read like a Who's Who of so-called momentum stocks, including Regeneron (REGN.O), Alexion, TripAdvisor and Vertex Pharmaceuticals (VRTX.O).

Fed Minutes the highlight of the week? It's dead.

Yellen Panic has begun.

Outsider wrote:

We can talk faster now!

The NSA can gather three times as much data on us.

Mexico flagship airline Mexicana declared bankrupt
| Reuters

Mexicana airlines, which suspended flights four years ago due to its heavy debt load, was declared bankrupt on Friday, paving the way to dismantle the iconic company, once one of Mexico's top two carriers.

About 30 investors sought for more than three years to rescue the airline, which has an estimated debt of $1 billion, but none proved to have the necessary funds.

On Friday the communications and work ministries said in a the courts had approved an agreement to proceed with the bankruptcy presented by Mexicana's majority creditors: Mexican bank Banorte (GFNORTEO.MX), development bank Bancomext and Mexico's International Airport.

Now, will the Zombie stay dead?

Exclusive: Enbridge plans to re-export Canadian oil via United States
| Reuters

U.S. subsidiary Tidal Energy Marketing has a license to export "limited quantities" of Canadian-origin oil from a U.S. port, Enbridge said, confirming weeks of market rumors and speculation about such shipments. Market sources say they expect the first cargoes to sail for Europe later in April.

Terri Larson, an Enbridge spokeswoman, told Reuters in an email that the firm planned to export "less than 1.5 percent of Enbridge's total U.S. shipments." She declined to provide specifics on the port of departure, the destination or the type and volume of oil involved, saying this is commercially sensitive information.

We're surrounded by Stealth Hyperinflation: Just look at Biotech stocks.

The good news in the report is that the unemployment rate was unchanged for the positive reason that the workforce has stopped shrinking.

We shouldn't continue to use the words full-time and part-time. You have non-core employee, who work fewer hours mostly to avoid full-time mandates, and core employees,who are expected to work sixty hours on a flat salary. The non-core employees generally do the work and the core employees create extra work for the non-core employees.

I thought we already named the bunny Hasenpfeffer.

More evidence of stealth hyperinflation:
Employment Situation Summary 

In March, average hourly earnings for all employees on private nonfarm payrolls edged down by 1 cent to $24.30, following a 9 cent increase in February. Over the year, average hourly earnings have risen by 49 cents, or 2.1 percent. In March, average hourly earnings of private-sector production and nonsupervisory employees edged down by 2 cents to $20.47.

Wow, the economy is accelerating so fast, I'm pressed back into my seat. Snark

Yoringe wrote:

Invade assorted Countrys on National Security Reasons

With all the money Putin has stashed in Switzerland, he should be able to buy himself some fine chocolate.

Barnes and Nobles sells both physical books as well as e-books. But neither market is growing fast enough to tempt investors.

Outsider wrote:

Talk about bad timing.

If you're the buyer; if you're the seller, the timing was pretty good.

Hu Knows
China tells banks to manage bad loans, stress tests planned: paper
| Reuters

The China Banking Regulatory Commission (CBRC) has told banks to step up controls on bad loans and strengthen their balance sheets, the Shanghai Securities News reported on Friday, citing an internal document sent to the banks in March.

The CBRC said banks should also watch out on their bad loan ratio and that the commission will soon launch stress tests in various regions, the paper said.

tg wrote:

My local abc news tries to work it in once in about every other show

My local abc Disney afiliate news tries to work it in once in about every other show Fixed It For Ya

Vonbek777 linked:

Completely Surreal Photos

Where are the Zombie ?

Did they photoshop them out of the pictures?

ECB says ready to act if 'lowflation' lingers too long
| Reuters

ECB chief Mario Draghi told a news conference that he and his colleagues expected a prolonged period of low inflation and that if it dragged on too long, action would be taken.

That marked a significant shift of tone from last month when he appeared to set quite a high bar to action.

"We will monitor developments very closely and we will consider all instruments available to us," Draghi said. "We are resolute in our determination to maintain a high degree of monetary accommodation and act swiftly if required."

Do you want to defeat the candidate who gets $100 million from a Billionaire and the candidate who is a Billionaire? Sorry, can't do that.

Bubblisimo Gerkinov wrote:

the iconic Venetian piazza

A tank in Venice. Facepalm

Ha! Take that, Mr. Putin.
NASA Suspends Most Cooperation With Russia; Space Station Excepted | Space.com

According to the memo, the agency is suspending all contacts with representatives of the Russian government, including email and teleconference communication, with the exception of activities necessary to keep the space station running smoothly. NASA officials can still attend "multilateral meetings" where Russian representatives are present outside of Russia, the memo states.

At the moment, Russia's Soyuz capsules are the only spacecraft that fly NASA astronauts to the International Space Station. NASA hopes to change that in the near future by using privately built U.S. spacecraft to ferry astronauts to and from the orbiting outpost.

Indeed, the statement issued today stresses that NASA is committed to ending its dependence on Russia. It also asserts that American astronaut taxis would have been ready to begin operations in 2015 had NASA's commercial crew program been fully funded by Congress.

"With the reduced level of funding approved by Congress, we’re now looking at launching from U.S. soil in 2017," the official NASA statement reads. "The choice here is between fully funding the plan to bring space launches back to America or continuing to send millions of dollars to the Russians. It’s that simple. The Obama Administration chooses to invest in America — and we are hopeful that Congress will do the same."

NASA Administrator Charles Bolden has said that the relationship between the Russian and U.S. space agencies is "normal" when it comes to their partnership on the space station, despite the situation in Ukraine.

The Trade deficit number is actually more important than Friday's jobs number, but it's not as Sexy

Fed should hike rates in second half of 2015: Williams
| Reuters

"Given the economic outlook, and given also my view that we need accommodative policy relative to historical norms, we need to have relatively low levels of interest rates for quite some time," San Francisco Federal Reserve Bank President John Williams told Reuters. "My own view is it makes sense to start raising rates in the second half of 2015."

But the pace of rate increases, in Williams' view, should be extremely slow, with rates ending 2016 well below the historical norm of 4 percent, "with the first digit being a '2,'" he said.

Fed President suggests octupling interest rates!

We'll all remain serene and calm,
when Alabama gets the Bomb.

YouTube - Tom Lehrer - Who's Next - with intro

Hu Knows
Apocalypse Now? China 'bears' hope for their 'told you so' moment
| Reuters

"It's going to be big, it's going to be historic, and probably going to be this year," says Gordon Chang, a Chinese-American lawyer and columnist who's been predicting a crash in China for the past 15 years or so.

Xie, who has a decent track record in predicting major twists and turns in China's markets, is, however, mindful of how those who queue to hear his talks are agnostic when it comes to forecasting the definitive China crash. "They pay to listen to me, get scared, and then go out and feel good again. It's entertainment," he says.

This could be the year.

Jackdawracy wrote:

How do you feel about having concealed thermonuclear devices on your person, a carry permit, if you will?

As Dr. Strangelove pointed out, the point of deterrence is for the other person to know that you have a weapon. There is no reason to conceal a thermonuclear device, unless you're a terrorist. Display it proudly as a banner of your patriotism.

I don't believe that the 2nd amendment applies to handguns, because they would be ineffective tools when checking a Federal government limiting freedoms. I think the 2nd amendment should apply to nuclear weapons. If I owned a thermonuclear device, the people in Washington would respect my opinions more.

Hu Knows
China rating agencies see Chaori default as only a hiccup
| Reuters

Chen Dongming, chief credit officer at China Lianhe Credit Rating, which has global rating agency Fitch as a shareholder, said Chaori was not a harbinger of larger defaults that posed a systemic risk.

Roughly 90 percent of publicly issued bonds are issued by large or mid-size state-owned enterprises which are still likely to get government assistance, Chen said.

"Their likelihood of getting bank capital or government support is still a lot higher than for a private enterprise," he said.
...
When Chaori filed a bond prospectus in March 2012, Pengyuan Ratings said its "current orders are comparatively full, and future business has definite surety."

Indeed, Chaori had only days earlier forecast its 2011 profits at 83.5 million yuan. But, after the bond sale opened, its annual report revealed a loss of 54.8 million yuan.

Still, in June 2012, Pengyuan re-rated Chaori and its bond AA, while acknowledging the company's "profits have fallen substantially, debt has grown substantially, and liability pressure has enlarged."

On its website, Pengyuan defines AA as "very strong ability to repay debt, low vulnerability to foreseeable events, very low risk of default."

Jackdawracy wrote:

Isn't there already ocean front property in Aryanzona in the Gulf of California?

It's in the Mexican part of the state.

Vonbek777 wrote:

the subversive practical jokes hidden in plain sight.

The DaVinci code?

Vonbek777 wrote:

when the coworker asks how did you like his church

That's when you should turn your head completely around, spit green pea soup and then say you liked it fine.

Mary wrote:

You asked the question.

So?

Mary wrote:

I don't care what the answer is.

What make you think I care what the answer is?

Mary wrote:

demeanor of the lesser sex.

She's a man?

Amazon unveils Fire TV to rival Apple, Roku
| Reuters

In addition to Amazon streaming video, Fire TV will also have content from Netflix, Hulu and others, Amazon executive Peter Larsen said at an event in New York.

"It's the easiest place to watch Netflix," Larsen said. "You can watch 'Alpha House' and you can watch 'House of Cards'."

The Kindle TV has a feature that can predict what the user will watch and cue it up instantly, Larsen said. There is also a microphone in the remote for voice-activated search.

There is also a microphone in the remote for voice-activated search NSA surveillance. Fixed It For Ya

Money Creation:
Chinese M2: 60,000,000,000,000 yuan= $10,000,000,000,000 since January 2009

But don't worry it's backed by $3,000,000,000,000 of reserves.

Hu Knows
China takes first step to steady economic growth
| Reuters

The Chinese cabinet said after its weekly meeting that it will accelerate the construction of rail projects that have been approved, and increase the total length of lines being laid this year by 18 percent compared to 2013.

The government also said it would lower tax rates for smaller companies by relaxing the criteria that allows them to halve their income taxes. This policy will be extended to the end of 2016, the government said.

Lowering tax rates for businesses that are mostly unprofitable will really goose the economy. And building railways to nowhere can only help increase debt productivity.

Rob Dawg wrote:

Unions are jubilant.

Especially the Chamber of Commerce: the CEO's union.

"Demand for apartments is seemingly insatiable."
+

"Rent growth is being held back by the fact that rents (on a nominal basis) are at record‐high levels and the labor market is still relatively weak, generating little compensation increases for many workers. The marriage of these two factors is making it difficult for landlords in many markets to increase rents at a faster pace."

Demand for cheap apartments is seemingly insatiable.

If landlords can't increase rents when the vacancy rate is 4.0%, what will happen when construction catches up with demand and the vacancy rate increases?

That's some acceleration. Snark