Modern Pensées

Reconsidering theology, philosophy, culture, economics, and politics

Posts Tagged ‘Quantitative Easing

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NYT infographic on reducing our nations inflated bugdet.  While we are on the subject here are two proposals that inspired the aforementioned infographic:  Fiscal Commission’s Co-Chair Proposal and Illustrative Savings.

There is a fairly large controversy brewing over both the TSAs use of full-body scanners and their substantially more aggressive pat-downs.  I have actually had one of the full-body scans before and poked my head around to see the image (much to the dislike of TSA) and it was pretty invasive.  A man in California got a tape of his encounter with TSA after refusing the scan and getting the new ‘special’ patdown.  He gets arrested and faces substantial fines for warning the TSA employee not to “touch his junk.”

Doug Wilson has a nice piece entitled, “Populism and Common Sense.”

Besides the fact I think morality and atheism are completely incompatible, I like Christopher Hitchens.  Andrew Anthony has a very well-written piece on his current thoughts during his battle with stage-iv cancer.

Most Common Causes of Death in the United States

NY Post has an article on Hookers for Jesus, a ministry seeking to get sex-workers off the streets of Las Vegas.  An interesting read.

Facebook jumping into the email forray.  I wonder if this will end up being part of the ever-expanding wedge between younger and older web-users where younger generations employ Facebook over email to communicate.  Maybe I am a bit out of touch but I fail to see this being very successful for Facebook for anyone older than 22.  Their current message platform is horrendous to work with and often crashes after you have composed substantial portions of text – so much so that before I hit “send” I always copy all of my composed text because I have lost it so many time.

You Suck at PowerPoint.

Comical video which attempts to explain quantitative easing.  I should note there is some misinformation in the video.   The Fed regularly buys/sells assets to change the amount of base money.  However, in this case the amount is specified ($600,000,000,000.00) rather than dealing with overnight interest rates.  Given there are rather alarmingly high amounts of ties between Goldman Sachs and the Fed as well as Goldman Sachs and the Obama administration, it would be an alarming precedent for the Fed to buy its own treasuries from itself.

App of the week:  Google Voice by Google – after months of dragging its feet, apple finally let this app hit the iTunes store.

Ken Block, Ford Fiesta, Awesome:

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Best Links of the Week

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Makoto Fujimura has an excellent open letter to the churches in North America concerning Art and Christianity.

Interesting piece on how Google avoids the USA’s 35% corporate tax employing a “double irish” and “double sandwhich” strategy.

Top Ten Mistakes Made by n00b Car Buyers” – I might add a #11 to this list that says buying a new car instead of a quality used one.

John Muether has a provocative piece on social media over at the Ligonier Blog.  I think he is a bit out of touch at points but makes some excellent points as well.  A worthwhile read.

One of my seminary professors (Chuck Hill) pieces in the Huffington Post of all places – “The Conspiracy Theory of the Gospels.”  Also, Chuck has an important book coming out entitled, “Who Chose the Gospels.”

FED pumping $600,000,000,000.00 into the system for some “quantitative easing.”

Oxford, Rice, and Open University release a bunch of free ebooks on iTunesU.

Details on the new “Touchdown Jesus“… this is the Cincinnati, OH version and not the Notre Dame version.

Excellent Piece from 60 Minutes on how Wall Street and employers have used and abused 401ks to the detriment of the working man:

This commercial makes some good critiques of the smartphone age… not sure how it really connects to the actual smartphone it is promoting… but the critique is sound…  Really?

Best Links of the Week

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A very disturbing article from CNBC on the massive outflow of Insider selling on the stock market.  This quote scares me.

The largest companies in three of the most important leading sectors of the market have seen their executives classified as insiders sell more than 120 million shares of stock over the last six months. Top executives at these very same companies bought just 38,000 shares over that same time period, making for an eye-popping sell to buy ratio of 3,177 to one.

Survive the Outbreak – this is a really well done video version of the old choose-your-own-adventure books.  This installment is a Halloween special focusing in on surviving a Zombie attack.  (HT:  JBG)

Award winning landscape photography.

If you are in finance, law, real estate, or are a home owner here are three really important pieces explaining really really important backstory to why the big banks have haulted foreclosures.  The collateral damage extends far beyond homes in foreclosure into any home that was securitized and processed by MERS:  Gonzalo Lira, Are All Mortgage Backed Securities a Scam, and NY Times OpEd Piece.

China is ticked about “imported inflation” from the our countries “quantitative easing” (aka money printing).

Students in Australia foil biometric fingerprint readers at school with gummi bears.

Apparently, researchers have found a “liberal gene

 

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