Year: 2010

Holy Sh%$

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Last weekend, the US Military lost control of a missile squadron:

President Obama was briefed this morning on an engineering power failure at F.E. Warren Air Force Base in Wyoming that took 50 nuclear intercontinental ballistic missiles (ICBMs), one-ninth of the U.S. missile stockpile, temporarily offline on Saturday.

The base is a main locus of the United States’ strategic nuclear forces. The 90th Missile Wing, headquartered there, controls 150 Minuteman III intercontinental ballistic nuclear missiles. They’re on full-time alert and are housed in a variety of bunkers across several states.

On Saturday morning, according to people briefed on what happened, a squadron of ICBMs suddenly dropped down into what’s known as “LF Down” status, meaning that the missileers in their bunkers could no longer communicate with the missiles themselves. LF Down status also means that various security protocols built into the missile delivery system, like intrusion alarms and warhead separation alarms, were offline. In LF Down status, the missiles are still technically launch-able, but they can only be controlled by an airborne command and control platform like the Boeing E-6 NAOC “Kneecap” aircraft, E-4B NAOC aircraft or perhaps the TACAMO fleet, which is primarily used to communicate with nuclear submarines. Had the country been placed on a higher state of nuclear alert, those platforms would be operating automatically because the frequencies used to transmit nuclear codes would be interfacing with separate systems, according to officials.

(strike-through original)

This is about 1⁄9 of our land based deterrent.

Great googly moogly.

It’s Bank Failure Friday!!!!

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No FDIC closures, so the count for this year remains at 139, see the full FDIC list, but there was a credit union failure:

  1. Phil-Pet Federal Credit Union, Pampa, TX

Full NCUA list

It does seem like the trend is slowing, but it’s still pretty awful.

So, here is the graph pr0n with trendline (FDIC only):

I would note that are now at the point where the utility of the least squares trendline is diminishing, but I’m keeping it here for historical purposes.

OK, Google™ Adsense™ Has Me Confused

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So, I see an ad for Charles Loller.

He’s running for Congress in Maryland, as a Republican, in the 5th Congressional district.

Normally, this is the place where I would say, “What the f%$# is Google™ Adsense™ doing putting an ad for a Republican on my page?”

I know my reader(s) and they are NOT Republicans.

Only …………… The 5th Congressional district is Steny Hoyer’s district, and I have been consistently critical of him, so the Republican party running an ad for their sacrificial lamb,* in this district might actually meet the eyeballs of someone who is disgusted, as I am, with the distinguished gentleman from the 5th.

So, by the generally low standards of Google™ Adsense™, this actually appears to be a well done job, by virtue of being marginally competent.

Still, if I were running his campaign, I think that I might be a bit miffed that I was paying (fractions of a cent) for this.

Please note: once again, that I do not vet, nor do I endorse any ad that appears on my site, and I reserve the right to mock both the ads that appear on my site, as well as the advertisers.

Also, please note, this should be in no way construed as an inducement or a request for my reader(s) to click on any ad that they would not otherwise be inclined to investigate further. This would be a violation of the terms of service for Google™ Adsense™.

*No, I am not going to pivot off of the sacrificial lamb statement to make a “black sheep” joke, and I will note that if this race were at all competitive, this guy would not have gotten the Republican Party nomination, because the Republican Party does not want black candidates elected, the party sees them as nothing more than useful window dressing.

No, I Did Not See Obama’s Interview on The Daily Show…

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I haven’t had time, or the inclination, though I have read excerpts.

The excerpts do not impress me, but then again, I’m not in the “Impressed by Barack Obama,” demographics, and and have not been since late 2007 (scroll down). I held my nose to vote for him in the general in 2008.

I just don’t feel any need to see it, though I probably will when the election passes.

Call it my own ‘enthusiasm gap’.

Well, Alaska Just Got Weird

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With polls showing Lisa Murkowski in the lead, and the board of elections, in a transparent attempt to help her campaign, putting out a list of “registered write-in candidates,” for the first time in history, which is in court, but the Alaska Supreme Court is allowing the decision to stand for now pending arguments.

In response, Joe Miller and the Alaska Teabaggers have flooded the election office to register hundreds of write ins to be added to the list.

With Miller firmly in 3rd place in the latest polls, and these polls were before the release of his personnel files, I can understand why they want to move votes from Murkowski to him, but this would appear to move votes from Lisa Murkowski to Lisa Martini, or Lisa Murkin, or Lisa Murrow, which has the effect of boosting Democrat Scott Adams.

Pass the popcorn.

Heh.

I Don’t Know What to Make of This

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But it appears that someone in Yemen was attempting to send letter bombs to the United States:

Security officials in Britain and Dubai intercepted parcel bombs being sent from Yemen to the United States in a “credible terrorist threat,” President Barack Obama said on Friday.

He said the parcels were bound for “two places of Jewish worship in Chicago.”

Suspicion fell on al Qaeda in the Arabian Peninsula, based in Yemen, which took responsibility for a failed plot to blow up a U.S. passenger jet on Christmas Day in 2009.

“Initial examinations of those packages has determined that they do apparently contain explosive material,” Obama told reporters in a televised briefing, calling it “a credible terrorist threat against our country.”

The White House said earlier that “both of these packages originated from Yemen” and that Obama was notified of the threat on Thursday night.

This is clearly an attempt at electioneering, even in Yemen, one would have to be blind, deaf, and dumb not to know of the election, but, unlike bin Laden’s statement just prior to the 2004 election, where he was clearly trying to throw the race to Bush, the intent here is unclear.

Some questions:

  • Is this an attempt to favor Democrats or Republicans?
  • Why were synagogues chosen?
  • Did the perps expect to succeed of fail?

Damned if I know.

The Most Morally Repugnant Industry on the Face of the Earth

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It’s the private prison industry, which is lobbying for draconian immigrations laws, like Arizona’s “Papers Please” law, because more people in detention means more money for them:

NPR spent the past several months analyzing hundreds of pages of campaign finance reports, lobbying documents and corporate records. What they show is a quiet, behind-the-scenes effort to help draft and pass Arizona Senate Bill 1070 by an industry that stands to benefit from it: the private prison industry.

The law could send hundreds of thousands of illegal immigrants to prison in a way never done before. And it could mean hundreds of millions of dollars in profits to private prison companies responsible for housing them.

The story leads off with a private prison pitching an immigration detention facility for women and children in Benson, Arizona.

There are certain functions that cannot be fobbed off on the private sector, and this is perhaps the most sterling example.

What Will Obama Do if the Dems Lose Congress?

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John Quiggin Crooked Timber says that Obama will start engaging in zero-dimensional-chess:

Translation: Mr Obama and his aides plan a series of pre-emptive capitulations, after which the Republicans will demand the repeal of the healthcare act (or maybe abolition of Social Security). When/if that is refused, the Repugs will shut down the government, and this time they will hold their nerve until Obama folds.

That Republicans won’t work with him, even if he capitulates, is a certainty, if Republicans were to cooperate with him on sending the Keith Olbermann and Rachel Maddow to Gitmo, they would still be primaried by the teabaggers.

The supposition that he will lead with capitulation is almost certain, since this has been his modus operandi over the past 20 months.

Regardless of the outcome, Obama sill see it as an opportunity to do some serious hippie punching.

The zero-dimensional chess bon mot deserves a Pulitzer.

So Not the Next Sarah Palin

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Say what you will about Sarah Palin, but she does not currently get drunk and engage in one night stands:

Three years ago this week, an intoxicated Christine O’Donnell showed up at the apartment of a 25-year-old Philadelphian and ended up spending the night in his bed. Here’s his story—and photos—of his escapade with the would-be Delaware senator.

When one finds a public who makes their mark with sexual “morality,” it does appear that they are railing against what they want to do themselves.

I wil note that the source is Gawker, with all that that entails, and the account is fairly stomach churning, not because of anything that Ms. O’Donnell did or said, but because of the attitude of the source.

Lines like, “When her underwear came off, I immediately noticed that the waxing trend had completely passed her by,” do not make kindly disposed to whoever he is.

In fact, it makes me feel a bit, and only a it, of pity for Ms. O’Donnell.

Getting drunk on Halloween and getting to 2nd or 3rd base really should be nobody’s business …… Unless, of course, you are a very public campaigner against any form of sexual activity out of marriage under all circumstances.

Still, it reads like a bad letter to Penthouse forum.

This is Unambiguously Good News

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It’s “Jobless Thursday,” and the numbers are good, with initial claims falling by 21K to 434,000, the less volatile 4-week moving average fell by 5,500 to 453,250, continuing claims fell by 122K to 4.36million, and emergency claims (those extended past 26 weeks) fell by 414K to 4.36 million.

It’s still to high for a job recovery, it needs to be somewhere south of 400K for an extended period for jobs to recover, but this is only the 2nd time in months that it was below 450,000, so perhaps we are beginning to see the beginning of a trend.

Maybe the Blue Dogs Aren’t the Worst Democrats in Congress

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I think that the Blue Dogs are wrong, but I get the sense that they are motivated by values and ego.

I think that many of them legitimately believe that women cannot be trusted with their bodies, that rich people should not be taxed, and that idiot sons of rich people are entitled to be rich ad infinitum.

The larger New Democratic Caucus (Melissa Bean who The Onion excoriates is a senior member of the caucus), however, is just a bunch of people who want to suck at the tit of big business, as Sebastian Jones and Marcus Stern ably document:

As Congress entered the final weeks of its struggle to overhaul regulation of Wall Street in May, several hundred friends and colleagues slipped out of Washington for a private weekend on Maryland’s Eastern Shore. Most were lobbyists for large banks, pharmaceutical firms, insurance companies, and big-ticket trade groups. However, 28 were members of Congress, and 29 were legislative staffers, all part of a coalition of House Democrats with a business-friendly agenda.

The retreat was held in honor of the New Democrat Coalition, a group of 69 lawmakers whose close relationship with several hundred Washington lobbyists has made their organization one of the most successful political money machines since the Republican K Street Project collapsed in 2007. In the past year and a half, New Democrats have pulled in more than $18 million in campaign contributions from their lobbyist fundraising network. The lobbyists, in turn, have mingled with lawmakers and their staffers at least 850 times during fundraising events and informal get-togethers.

…………

These folks were hamstringing Barney Frank at every turn during work on financial reforms because they worked for the banks, and not the American people.

The Blue Dogs get the press, but when push comes to shove, it’s the New Dems who f%$# us.

Read the rest of the article. It’s long, but it’s long because it is exhaustive.

Economics Update

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Click for full size

H/t Calculated Risk for the September Philly Fed chart Pr0n

Since the tech bubble burst, the economy has been running on the consumer and on home sales, and both consumer confidence and home prices continue to disappoint.

Additionally, new home sales remain at pathetic levels, and mortgage applications increased, largely in response to lower rates.

Also, we did see the Philadelphia Bank of the Federal Released its State Coincident Indexes for September, and more states were up than down, though those advances were, once again, anemic.

The Definitive Word on Hamp

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David Dayen summarizes it in a paragraph:

This is just a truism based on the Treasury Department’s own design for HAMP. Every trial modification payment reads as a default to the credit reporting companies. The Treasury Department could have set it up so that didn’t happen; they chose not to intervene in that reality. All of the money between the trial modification and the original payment that borrowers don’t pay during their trial period gets tacked on as part of the unpaid principal balance at the end. The servicers also tack on late fees. Treasury could have banned that. They chose not to intervene. The servicers can proceed with foreclosure operations during the trial period, arguing that the borrower is in default. They can’t actually foreclose (also in some cases they have). But they can go through the legal process. Treasury could have put a stop to that. They didn’t. Borrowers keep getting told they have to miss a payment to be eligible for HAMP. Treasury actually didn’t put that into the design. But they haven’t sanctioned a single servicer for this or any other violation of the program guidelines. They could have done something. They didn’t.

(emphasis mine, though inspired by Big Tent Democrat‘s similar exercise.)

I think that Mr. Dayen is far more forgiving than I am. He implies that it was combination of incompetence and timidity.

I think that it was actual malice. I think that the Treasury Department deliberately chose to deceive homeowners, because they thought that it would give the banks some breathing space.

I Hate The Onion

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Not only does the truth hurt, it leaves a nasty mark!

Their headline, “Democrats: ‘If We’re Gonna Lose, Let’s Go Down Running Away From Every Legislative Accomplishment We’ve Made’“:

WASHINGTON — Conceding almost certain Republican gains in next month’s crucial midterm elections, Democratic lawmakers vowed Tuesday not to give up without making one final push to ensure their party runs away from every major legislative victory of the past two years.

Party leaders told reporters that regardless of the ultimate outcome, they would do everything in their power from now until the polls closed to distance themselves from their hard-won passage of a historic health care overhaul, the toughest financial regulations since the 1930s, and a stimulus package most economists now credit with preventing a second Great Depression.

“There’s a great deal on the line, and we know it isn’t going to be easy for us,” said Senate Majority Leader Harry Reid (D-NV), speaking from the steps of the Capitol. “But if we suffer defeat, we will do so knowing we cowered away from absolutely anything we produced that was even remotely progressive or valuable in any way.”

If you’ll excuse me, I will now hit myself in the head repeatedly with a hammer, because that is more pleasant than facing this reality.

Here is a hint for the Democrats: If The Onion is writing an article, and it describes your campaign strategy, you are being a f%$#ing moron.

Better Than I Expected

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Elana Kagan just cast her first vote on the death penalty, and actually her very first vote as a Supreme Court Justice, and she voted to stay an execution:

Washington…Justice Elena Kagan cast her first recorded vote on the Supreme Court late Tuesday, joining the liberals in dissent when the high court cleared the way for the execution of an Arizona murderer.

The 5-4 ruling overturned orders by a federal judge in Phoenix and the U.S. 9th Circuit Court of Appeals in San Francisco that had stopped the execution by lethal injection of Jeffrey Landrigan.

His lawyers, in a last-ditch appeal, had raised questions about one of the drugs used in the execution. Since the only U.S. manufacturer of sodium thiopental had suspended production, Arizona officials said they had obtained a supply of the drug from a British company.

A judge had put the execution on hold because she said she was “left to speculate” whether this drug was safe for its intended use.

Hopefully this indicates that she was not quite the squish that I thought she might be when Barack Obama nominated her.

Optimism Can Kill You

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Barbara Ehrenreich looks at the cult forced optimism in the United States, and how it is both dangerous and prevents people from challenging real problems in society.

I was particularly taken by her observation about just just how much mandatory optimism was a part of the infrastructure of the totalitarian Soviet state as well.

Pass the Popcorn

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The Federal Reserve has decided not to appeal the decision of the Federal Courts to turn over information on its sh%$pile for cash loans to Bloomberg News:

The Federal Reserve won’t join a group of the largest commercial banks in asking the U.S. Supreme Court to let the government withhold details of emergency loans made to financial firms in 2008.

The central bank’s decision not to appeal makes it less likely the high court will hear the case, said Tom Goldstein, a Washington lawyer who has argued 22 cases before the high court since 1999 and whose Scotusblog website tracks the panel.

The Clearing House Association LLC, a group of the biggest commercial banks, filed the appeal today. Under federal rules for appeals, a lower court’s order requiring disclosure remains on hold until the Supreme Court acts. Kit Wheatley, an attorney for the Fed, confirmed that the central bank won’t join the appeal. David Skidmore, a spokesman for the central bank, did not immediately respond to requests for additional comment.

The bank group is appealing a federal judge’s August 2009 ruling requiring the Fed to disclose records of its emergency lending. Bloomberg LP, the parent company of Bloomberg News, sued for the release of the documents under the Freedom of Information Act.

Obviously, the Supreme Court could still decide to hear the case, but the Fed pulling out indicates that they no longer see this sort of disclosure as a systemic threat, which in turn makes it less likely that SCOTUS will take up the case.

I think that it is now a question of “when” not “if” the data gets released, and I think that it should prove to be very interesting.

Background here.