Photo taken yesterday Friday November 8, 2013. Resampled and resized to VGA, click to enlarge.
Man begging on Broadway in the financial district.
That’s four cats, five guinea pigs, and two puppies. All arranged with a basket for dropping in money.
All were clean. The cats had collars with ID. I petted the top cat. She was very upset and not liking this at all.
SEC Issues Proposal on Crowdfunding
“If this goes wrong … there will be no survivors.”
So, here we go. We’ve found the latest thing to inflate after real estate, the dotcom bubble, real estate, the tech bubble, Bitcoin, and real estate.
What this means is the creation of new markets and new middlemen. People will want to unload their crowdfunded equity shares — and where do you go to do that when you need the cash (there’s always an emergency)?
There’s no such market. Yet. But it will be created.
Markets, plural, will be created.
And the amount of graft will be absolutely epic.
If you’ve never looked into stock graft,
go buy borrow from a public library The Wolf of Wall Street. I hate the idea of putting more money into that bastard’s pocket, so, really, don’t buy it. Ahem.
If you read all of it, you’ll actually be ahead of me. That book so thoroughly disgusted me that I couldn’t even get to its happy ending — with all of the crooks going to jail.
There will be many, many more crooks now.
Photos taken today Friday October 18, 2013. Resampled and resized to VGA, click any to enlarge.
Marred by a stupid sticker for a bar but otherwise ominously true:
Note: This is an autopost that was scheduled a year in advance. Usual disclaimer: Unless I add an update to it, I am probably not alive on publication date.
September 10, 2012: We Are Now One Year Away From Global Riots, Complex Systems Theorists Say
Pretty simple. Black dots are the food prices, red lines are the riots. In other words, whenever the UN’s food price index, which measures the monthly change in the price of a basket of food commodities, climbs above 210, the conditions ripen for social unrest around the world. CSI doesn’t claim that any breach of 210 immediately leads to riots, obviously; just that the probability that riots will erupt grows much greater. For billions of people around the world, food comprises up to 80% of routine expenses (for rich-world people like you and I, it’s like 15%). When prices jump, people can’t afford anything else; or even food itself. And if you can’t eat—or worse, your family can’t eat—you fight.
Since 2008, I have seen food prices at least triple.
A lot of this increase has been hidden by careful sales. Yet the fact that packaging has shrunk dramatically for the “same price” is obvious to anyone who pays any damned attention in the supermarket. How the hell do they expect people to be able to eat?
September 11, 2013: 9/11 on TV prevented me from updating this post before it was published. No food riots yet. But prices continue to go up and packages continue to shrink. How long can this madness continue?
Forced Exposure ~pj
You’ll find all the laws in the US related to privacy and surveillance there. Not that anyone seems to follow any laws that get in their way these days. Or if they find they need a law to make conduct lawful, they just write a new law or reinterpret an old one and keep on going. That’s not the rule of law as I understood the term.
Bold and redfacing added by me.
pressure cookers, backpacks and quinoa, oh my!
This is where we are at. Where you have no expectation of privacy. Where trying to learn how to cook some lentils could possibly land you on a watch list. Where you have to watch every little thing you do because someone else is watching every little thing you do.
Same-day update: This was not what she led everyone to believe. No Federal agents were involved and no surveillance of Google searches were done. See this: FBI denies involvement in Michele Catalano-related investigation
Kelly J. Langmesser, an FBI spokeswoman, said: “The FBI, nor the FBI’s Joint Terrorism Task Force, was involved in the action mentioned in Ms. Catalano’s blog post. The FBI respectfully defers you to Suffolk County Police Department.”
Next-day update: Big Boss, Not Big Brother, Spotted Long Island Family’s ‘Suspicious’ Google Searches. She has just made it more difficult for people to believe anyone else who is a victim of the NSA dragnet. How anyone with her credentials could have created such an error-ridden report is just scandalous. If you get a visit, ask for business cards from the law enforcement agents so you can prove who the hell they were.
A Brief History of Cycles and Time, Part 2
So why didn’t war break out in 1932, 1936, or for the U.S., in 1940? It wasn’t as if people didn’t see it coming, just as we see our own war and challenges now.
Because it wasn’t time. What I mean by that is, no matter how far seeing, History, as Hari Seldon would say, is made up of the aggregate, not the individual. No individual– not even Churchill chafing under Chamberlain in 1938—could change it.
It only happens slowly, when one by one the great mass of the population have changed their minds and their behavior. Only then can history unfold. You, me, even Barack Obama, Ben Bernanke, or George Soros cannot push the great Wheel of History around because it is made of all 6 Billion of us, the whole planet, the whole market, and the sum of human understanding.
When “it’s time” — it’ll also be too damn late.
You don’t “get” cancer the day you’ve been diagnosed.
You’ve had cancer for years before any clue.
When the Collapse Of All Things happens, god help us all.
The Next Pandemic: Not if, but When
… you may not have noticed the little items about a “novel coronavirus” on the Arabian Peninsula.
This came into view last September, when the Saudi Ministry of Health announced that such a virus — new to science and medicine — had been detected in three patients, two of whom had already died. By the end of the year, a total of nine cases had been confirmed, with five fatalities. As of Thursday, there have been 18 deaths, 33 cases total, including one patient now hospitalized in France after a trip to the United Arab Emirates. Those numbers are tiny by the standards of global pandemics, but here’s one that’s huge: the case fatality rate is 55 percent. The thing seems to be almost as lethal as Ebola.
Boldfaced emphasis added by me.
Great Problems: The Rent Seeking Economy
Past writers who imagined the future thought that as machines saved our time, we would have more time for leisure. That has not happened. Instead, since no one is self-sufficient, we must work in sales and marketing to convince someone with money to trade cash for our trinket, so that we can have purchasing power to access the natural bounty of the land. Average work hours declined for a century — and then started curving back upwards as the everyone switched the zero sum battle of sales and marketing. The future is here, and it is the sales desk at Dunder Mifflin.
I don’t think anyone else understands landlords as acutely as a native New Yorker.
And after the break, Eddie Murphy.
BOJ to pump $1.4 trillion into economy in unprecedented stimulus
The U.S. Federal Reserve may buy more debt under its quantitative easing, but with the Japanese economy about one-third of the size of the United States, the scope of Kuroda’s “Quantitative and Qualitative Monetary Easing” is unmatched.
“This is an unprecedented degree of monetary easing,” a smiling Kuroda told a news conference after his first policy meeting at the helm of the central bank.
Boldfaced emphasis added by me.
In the 1970s and 1980s, there were plenty of people sounding the alarm in America about how Japan was going to rule the world.
Japan has been an economic vegetable for about twenty years now. The “Lost Decade” has turned into the “Lost Generation.”