konane's Blog

"Too Big To Fail, Too Big To Exist."

"Too Big To Exist

Source The Market Ticker

Posted by  Karl Denninger  Tuesday, November 10. 2009

"Senator Sanders has filed a bill called "Too Big To Fail, Too Big To Exist."

Unlike the 1900 page monstrosities, this one will take you just minutes to read.  It is two whole pages.

It should become law tomorrow.

There will be those who argue that this is "anti-capitalist." 

On the contrary; by refusing to force banks and other institutions to adhere to the fundamental principle of sound fractional lending - that is, insisting that for each dollar of unsecured lending outstanding at any instant in time the institution hold one dollar in actual capital we have extended the credit of the sovereign (in this case The United States) through allegedly-private institutions.

This is the sin upon which all the screaming for "bailouts" rest, for without violating this fundamental banking principle there would never be a need for a bailout, as each institution would always, at any instant in time, be able to cover every withdrawal through both asset sales at the market and excess capital held.

I therefore fully support Senator Sanders' bill and urge you to head to his petition site and sign it.   http://sanders.senate.gov/petition/?uid=c53f1aca-5881-403e-928b-a25980cb4e0c

Those who argue that banks and other firms should be able to grow as large as they like cannot get past the above italicized paragraph.  No firm is limited in size, but no firm should be able to leverage the government's credit for it's own private purposes, as we have seen that each and every time it is allowed these institutions use that leverage to screw the consumer and then force the taxpayer to bail out their bad lending decisions.

Senator Sanders has the right solution - one that allows firms that do not wish to be broken up to raise sufficient capital so that each dollar of unsecured lending is backed by one dollar of capital.

Such a firm, irrespective of size, would not be "too big to fail"; as such this bill would impose market discipline - not, as I'm sure detractors will argue, "socialism."

http://market-ticker.org/archives/1605-Too-Big-To-Exist.html

Entry #1,511

Health Care Vote By ~ Name ~ House of Representatives on Nov 7, 2009

FINAL VOTE RESULTS FOR ROLL CALL 887

(Democrats in roman; Republicans in italic; Independents underlined)
      H R 3962      RECORDED VOTE      7-Nov-2009      11:16 PM
      QUESTION:  On Passage
      BILL TITLE: Affordable Health Care for America Act

Ayes Noes PRES NV
Democratic 219 39    
Republican 1 176    
Independent        
TOTALS 220 215    



---- AYES    220 ---

Abercrombie
Ackerman
Andrews
Arcuri
Baca
Baldwin
Bean
Becerra
Berkley
Berman
Berry
Bishop (GA)
Bishop (NY)
Blumenauer
Boswell
Brady (PA)
Braley (IA)
Brown, Corrine
Butterfield
Cao
Capps
Capuano
Cardoza
Carnahan
Carney
Carson (IN)
Castor (FL)
Chu
Clarke
Clay
Cleaver
Clyburn
Cohen
Connolly (VA)
Conyers
Cooper
Costa
Costello
Courtney
Crowley
Cuellar
Cummings
Dahlkemper
Davis (CA)
Davis (IL)
DeFazio
DeGette
Delahunt
DeLauro
Dicks
Dingell
Doggett
Donnelly (IN)
Doyle
Driehaus
Edwards (MD)
Ellison
Ellsworth
Engel
Eshoo
Etheridge
Farr
Fattah
Filner
Foster
Frank (MA)
Fudge
Garamendi
Giffords
Gonzalez
Grayson
Green, Al
Green, Gene
Grijalva
Gutierrez
Hall (NY)
Halvorson
Hare
Harman
Hastings (FL)
Heinrich
Higgins
Hill
Himes
Hinchey
Hinojosa
Hirono
Hodes
Holt
Honda
Hoyer
Inslee
Israel
Jackson (IL)
Jackson-Lee (TX)
Johnson (GA)
Johnson, E. B.
Kagen
Kanjorski
Kaptur
Kennedy
Kildee
Kilpatrick (MI)
Kilroy
Kind
Kirkpatrick (AZ)
Klein (FL)
Langevin
Larsen (WA)
Larson (CT)
Lee (CA)
Levin
Lewis (GA)
Lipinski
Loebsack
Lofgren, Zoe
Lowey
Luján
Lynch
Maffei
Maloney
Markey (MA)
Matsui
McCarthy (NY)
McCollum
McDermott
McGovern
McNerney
Meek (FL)
Meeks (NY)
Michaud
Miller (NC)
Miller, George
Mitchell
Mollohan
Moore (KS)
Moore (WI)
Moran (VA)
Murphy (CT)
Murphy, Patrick
Murtha
Nadler (NY)
Napolitano
Neal (MA)
Oberstar
Obey
Olver
Ortiz
Owens
Pallone
Pascrell
Pastor (AZ)
Payne
Pelosi
Perlmutter
Perriello
Peters
Pingree (ME)
Polis (CO)
Pomeroy
Price (NC)
Quigley
Rahall
Rangel
Reyes
Richardson
Rodriguez
Rothman (NJ)
Roybal-Allard
Ruppersberger
Rush
Ryan (OH)
Salazar
Sánchez, Linda T.
Sanchez, Loretta
Sarbanes
Schakowsky
Schauer
Schiff
Schrader
Schwartz
Scott (GA)
Scott (VA)
Serrano
Sestak
Shea-Porter
Sherman
Sires
Slaughter
Smith (WA)
Snyder
Space
Speier
Spratt
Stark
Stupak
Sutton
Thompson (CA)
Thompson (MS)
Tierney
Titus
Tonko
Towns
Tsongas
Van Hollen
Velázquez
Visclosky
Walz
Wasserman Schultz
Waters
Watson
Watt
Waxman
Weiner
Welch
Wexler
Wilson (OH)
Woolsey
Wu
Yarmuth


---- NOES    215 ---

Aderholt
Adler (NJ)
Akin
Alexander
Altmire
Austria
Bachmann
Bachus
Baird
Barrett (SC)
Barrow
Bartlett
Barton (TX)
Biggert
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blunt
Boccieri
Boehner
Bonner
Bono Mack
Boozman
Boren
Boucher
Boustany
Boyd
Brady (TX)
Bright
Broun (GA)
Brown (SC)
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Buyer
Calvert
Camp
Campbell
Cantor
Capito
Carter
Cassidy
Castle
Chaffetz
Chandler
Childers
Coble
Coffman (CO)
Cole
Conaway
Crenshaw
Culberson
Davis (AL)
Davis (KY)
Davis (TN)
Deal (GA)
Dent
Diaz-Balart, L.
Diaz-Balart, M.
Dreier
Duncan
Edwards (TX)
Ehlers
Emerson
Fallin
Flake
Fleming
Forbes
Fortenberry
Foxx
Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gerlach
Gingrey (GA)
Gohmert
Goodlatte
Gordon (TN)
Granger
Graves
Griffith
Guthrie
Hall (TX)
Harper
Hastings (WA)
Heller
Hensarling
Herger
Herseth Sandlin
Hoekstra
Holden
Hunter
Inglis
Issa
Jenkins
Johnson (IL)
Johnson, Sam
Jones
Jordan (OH)
King (IA)
King (NY)
Kingston
Kirk
Kissell
Kline (MN)
Kosmas
Kratovil
Kucinich
Lamborn
Lance
Latham
LaTourette
Latta
Lee (NY)
Lewis (CA)
Linder
LoBiondo
Lucas
Luetkemeyer
Lummis
Lungren, Daniel E.
Mack
Manzullo
Marchant
Markey (CO)
Marshall
Massa
Matheson
McCarthy (CA)
McCaul
McClintock
McCotter
McHenry
McIntyre
McKeon
McMahon
McMorris Rodgers
Melancon
Mica
Miller (FL)
Miller (MI)
Miller, Gary
Minnick
Moran (KS)
Murphy (NY)
Murphy, Tim
Myrick
Neugebauer
Nunes
Nye
Olson
Paul
Paulsen
Pence
Peterson
Petri
Pitts
Platts
Poe (TX)
Posey
Price (GA)
Putnam
Radanovich
Rehberg
Reichert
Roe (TN)
Rogers (AL)
Rogers (KY)
Rogers (MI)
Rohrabacher
Rooney
Ros-Lehtinen
Roskam
Ross
Royce
Ryan (WI)
Scalise
Schmidt
Schock
Sensenbrenner
Sessions
Shadegg
Shimkus
Shuler
Shuster
Simpson
Skelton
Smith (NE)
Smith (NJ)
Smith (TX)
Souder
Stearns
Sullivan
Tanner
Taylor
Teague
Terry
Thompson (PA)
Thornberry
Tiahrt
Tiberi
Turner
Upton
Walden
Wamp
Westmoreland
Whitfield
Wilson (SC)
Wittman
Wolf
Young (AK)
Young (FL)


http://clerk.house.gov/evs/2009/roll887.xml

Entry #1,510

"ELEMENTARY EPIDEMIC: 11 Uncovered Videos Show School Children Performing Praises to Obama

Last video mentioned in this article has been removed from YouTube, however each video has transcripts beneath so you can see for yourself.
 
Read a few comments posted regarding this article.  One comment in particular differentiated between kids being taught to patriotically pledge allegiance to our flag ... as opposed to kids being indoctrinated into singing dear leader's praise. We need to know what the hey they're teaching our kids in government schools .... provided we care enough to find out.
 
Might want to consider paying close attention to "V" next episode.

Quote from the bottom of the article "Children are like wet cement. Whatever falls upon them makes an impression.” — Dr. Haim Ginott (teacher, child psychologist)"

________ 

"ELEMENTARY EPIDEMIC: 11 Uncovered Videos Show School Children Performing Praises to Obama

http://bighollywood.breitbart.com/jjmnolte/2009/11/04/elementary-epidemic-11-uncovered-videos-show-school-children-performing-praises-to-obama/

Entry #1,508

"Obama's Frightening Insensitivity Following Shooting

Following Jarasan's blog post, apparently he's not the only one who's stunned by Obama's handling of the situation yesterday.  https://blogs.lotterypost.com/jarasan/2009/11/unbelievably-tactless-and-tragic.htm
You know it's bad when his hometown manstream media breaks ranks. 
________ 

"Obama's Frightening Insensitivity Following Shooting

A bad week for Democrats compounded by an awful moment for Barack Obama.

By ROBERT A. GEORGE

Source NBCChicago.com

Updated 2:56 PM CST, Fri, Nov 6, 2009

"President Obama didn't wait long after Tuesday's devastating elections to give critics another reason to question his leadership, but this time the subject matter was more grim than a pair of governorships.

After news broke out of the shooting at the Fort Hood Army post in Texas, the nation watched in horror as the toll of dead and injured climbed. The White House was notified immediately and by late afternoon, word went out that the president would speak about the incident prior to a previously scheduled appearance. At about 5 p.m., cable stations went to the president. The situation called for not only his trademark eloquence, but also grace and perspective.

But instead of a somber chief executive offering reassuring words and expressions of sympathy and compassion, viewers saw a wildly disconnected and inappropriately light president making introductory remarks. At the event, a Tribal Nations Conference hosted by the Department of Interior's Bureau of Indian affairs, the president thanked various staffers and offered a "shout-out" to "Dr. Joe Medicine Crow -- that Congressional Medal of Honor winner."  Three minutes in, the president spoke about the shooting, in measured and appropriate terms. Who is advising him?

Anyone at home aware of the major news story of the previous hours had to have been stunned. An incident like this requires a scrapping of the early light banter. The president should apologize for the tone of his remarks, explain what has happened, express sympathy for those slain and appeal for calm and patience until all the facts are in. That's the least that should occur. 

Indeed, an argument could be made that Obama should have canceled the Indian event, out of respect for people having been murdered at an Army post a few hours before. That would have prevented any sort of jarring emotional switch at the event. 

Did the president's team not realize what sort of image they were presenting to the country at this moment? The disconnect between what Americans at home knew had been going on -- and the initial words coming out of their president's mouth was jolting, if not disturbing.

It must have been disappointing for many politically aware Democrats, still reeling from the election two days before. The New Jersey gubernatorial vote had already demonstrated that the president and his political team couldn't produce a winning outcome in a state very friendly to Democrats (and where the president won by 15 points one year ago). And now this? Congressional Democrats must wonder if a White House that has burdened them with a too-heavy policy agenda over the last year has a strong enough political operation to help push that agenda through. 

If the president's communications apparatus can't inform -- and protect -- their boss during tense moments when the country needs to see a focused commander-in-chief and a compassionate head of state, it has disastrous consequences for that president's party and supporters. 

All the president's men (and women) fell down on the job Thursday.  And Democrats across the country have real reason to panic."

http://www.nbcchicago.com/news/politics/A-Disconnected-President.html

Entry #1,506

"Report: 237 millionaires in Congress

Less about wealth envy .... more of why they just don't 'get it' about the real world over which they're 'ruling'.  Seems if they ever did 'get it' $$$pecial intere$t$ helped them forget it real quick.

______________

 
"Report: 237 millionaires in Congress
Source Politico
By ERIKA LOVLEY | 11/6/09 12:14 PM EST

"Talk about bad timing.

As Washington reels from the news of 10.2 percent unemployment, the Center for Responsive Politics is out with a new report describing the wealth of members of Congress.

Among the highlights: Two-hundred-and-thirty-seven members of Congress are millionaires. That’s 44 percent of the body – compared to about 1 percent of Americans overall.

CRP says California Republican Rep. Darrell Issa is the richest lawmaker on Capitol Hill, with a net worth estimated at about $251 million. Next in line: Rep. Jane Harman (D-Calif.), worth about $244.7 million; Sen. Herb Kohl (D-Wis.), worth about $214.5 million; Sen. Mark Warner (D-Va.), worth about $209.7 million; and Sen. John Kerry (D-Mass.), worth about $208.8 million.

All told, at least seven lawmakers have net worths greater than $100 million, according to the Center’s 2008 figures.

“Many Americans probably have a sense that members of Congress aren’t hurting, even if their government salary alone is in the six figures, much more than most Americans make,” said CRP spokesman Dave Levinthal. “What we see through these figures is that many of them have riches well beyond that salary, supplemented with securities, stock holdings, property and other investments.”

The CRP numbers are somewhat rough estimates – lawmakers are required to report their financial information in broad ranges of figures, so it’s impossible to pin down their dollars with precision. The CRP uses the mid-point in the ranges to build its estimates.

Senators’ estimated median reportable worth sunk to about $1.79 million from $2.27 million in 2007. The House’s median income was significantly lower and also sank, bottoming out at $622,254 from $724,258 in 2007.

But CRP’s analysis suggests that some lawmakers did well for themselves between 2007 and 2008, even as many Americans lost jobs and saw their savings and their home values plummet.

Senate Minority Leader Mitch McConnell (R-Ky.) gained about $9.2 million. Sen. James Inhofe (R-Okla.) gained about $3 million, Sen. Daniel Inouye (D-Hawaii) had an estimated $2.6 million gain, and Richard Shelby (R-Ala.) gained about $2.8 million.

Some lawmakers have profited from investments in companies that have received federal bailouts; dozens of lawmakers are invested in Wells Fargo, Citigroup, Goldman Sachs and Bank of America.

Among executive branch officials, CRP says the richest is Securities and Exchange Commission Chairwoman Mary L. Schapiro, with a net worth estimated at $26 million.

Secretary of State Hillary Clinton is next, worth an estimated $21 million. President Barack Obama is the sixth-wealthiest, worth about an estimated $4 million. Vice President Joe Biden has often tagged himself as an original blue collar man. The CRP backs him up, putting his net worth at just $27,000.

He’s hardly the worst off.

Rep. Alcee Hastings (D-Fla.), freshman Rep. Harry Teague (D-N.M.), Rep. Jeff Fortenberry (R-Neb.), Rep. John Salazar (D-Colo.) and Rep. Sander Levin (D-Mich.) each a net worth of less than zero, CRP says.

One caveat on those numbers: Federal financial disclosure laws don’t require members to list the value of their personal residences. That information could alter the net worth picture for many lawmakers.

Even so, Levinthal said, “It is clear that some members are struggling financially.

“Over a calendar year, one’s wealth can change drastically. Many peoples’ investments took a nose dive over night in the last year,” he said.

A number of lawmakers are estimated to have suffered double-digit percentage lossed in their net worth from 2007 to 2008. The biggest losers include Kerry, who lost a whopping $127.4 million; Warner lost about $28.1 million; Sen. Dianne Feinstein (D-Calif.) lost about $11.8 million; and Sen. John McCain (R-Ariz.) lost about $10.1 million."

http://www.politico.com/news/stories/1109/29235.html

Entry #1,505

"Ukraine: Influenza or Pneumonic Plague? The situation is getting worse and worse

Prayers up for the Ukrainian people.

Pneumonic plague, http://en.wikipedia.org/wiki/Pneumonic_plague

______


"Ukraine: Influenza or Pneumonic Plague? The situation is getting worse and worse

Source  Kavkazcenter.com
Publication time: 2 November 2009, 21:37

Ukrainian News Agency "Fraza" reported that, according to informed sources, "it has been confirmed 100 % Pneumonic Plague in Ukraine".

The Agency asserts that "the head physician of the medical institutions has sent out an informal disposal - not to sow panic, to refute the information about the plague, and to speak only of swine influenza".

It is also required to distribute masks at health facilities with 8 levels of protection and anti-plague protection costumes. There is also an informal order not to allow any visitors to see the patients.

According to the "Fraza" agency, "today in Ukraine pneumonic plague is going in parallel with swine flu. The plague has killed over 60 people, and about 14 from the flu.

Meanwhile, the press service of the Ministry of Health of Ukraine reported that there is only one death from "California" virus A/N1N1 in Ukraine.

"In Ukraine there are 22 cases recorded of the virus A/N1N1 disease and there is only one fatal consequence as a result. All other cases of death from influenza has only a speculative attitude to "California" virus," press service reports.

The situation with the epidemic of influenza is a complex and unpredictable because of the propensity of influenza A/H1N1 virus to mutation, said First Deputy Minister of Health Mr. Lazoryshynets on Monday, November 2.

"The situation is complicated and unpredictable. We found a strain of this virus in our laboratory ... This virus is dangerous because it can mutate, and we can get a very different kind of virus, which was in Latin America or in Mexico, now it is European ", - said Lazoryshynets at a press conference, the "Correspondent" magazine informs.

At a press conference Lazoryshynets also said that there are 22  officially confirmed cases of influenza A/H1N1 in Ukraine.

First Vice Prime Minister Oleksandr Turchinov previously stated that as of Monday morning, November 2, there are 64 registered deaths in Ukraine from flu and acute respiratory viral infections.

Meantime, according to official information the highest level of epidemiological risk is declared in Ivano-Frankivsk (Stanislav) area, from 2 November. This decision was made by Ivano-Frankivsk Regional emergency epidemiological commission at the extended session on November 2.

In accordance with the Commission, quarantine will last for all educational institutions in the area until 20 November, a commission to monitor the distribution of medicines is also made, which come in the region as humanitarian aid.

The commission agreed that health workers will provide individual first aid kit. There will be extra transport allocated to visit patients by the district doctors.

According to the Ministry of Health, today in Ukraine there are 255 000 registered cases of influenza and SARS, of whom 15 000 were hospitalized.

Ministry of Transport and Communications of Ukraine introduced a permanent monitoring of the situation on a clear implementation of the planned anti-epidemic measures in public transport.

A special monitoring group studied the transport department on November 2, how the anti-epidemiological measures were applied at the Kiev railway station, central bus station of the capital and the International airport "Borispol".

Polish epidemiologists November 3 arrive in Ukraine for obtaining specimens from patients with the Ukrainians. The experts will arrive in Lviv, where it is supposed to take 190 samples.

Polish epidemiologists are expected to arrive in Ukraine on November 3 to obtain samples from patients. The experts will arrive in Lviv, where 190 samples are to be taken.

Lithuanian Foreign Ministry on November 2 recommended to the residents of Lithuania to refrain from unnecessary trips to the Ukraine.

Department of Monitoring,
Kavkaz Center
http://www.kavkazcenter.com/eng/content/2009/11/02/11155.shtml

Entry #1,504

YouTube - 1-6 BELL TOLLING for the Swine Flu (CAMPANAS por la gripe A) subtitled

Found on another site.  English subtitles, video in Spanish.  You decide.

_____________ 

"One of the more interesting emerging voices in the Church is Benedictine sister Teresa Forcades. Sr. Teresa was born in Barcelona, Spain in 1966. She has a doctorate in Public Health from the University of Barcelona with specialization in Internal Medicine (State University of New York). She also has a Masters in Divinity from Harvard University and a doctorate from the Facultad de Teología de Catalunya. She is the author of Crimes and Abuses of the Pharmaceutical Industry (Cristianisme i Justícia, 2006), La Trinitat, avui ("The Trinity, Today", Publicacions de l’Abadia de Montserrat, 2005), and La teologia feminista en la història ("Feminist Theology in History", Fragmenta Editorial, 2007). She has been a Benedictine nun and a member of the community of Sant Benet de Montserrat since 1997. "

http://www.examiner.com/x-10438-Human-Rights-Examiner~y2009m11d3-Who-is-Catholic-nun-Sr-Teresa-Forcades-and-what-does-she-say-about-H1N1-Human-Rights-info101?cid=exrss-Human-Rights-Examiner

__________

From sidebar:  "TERESA FORCADES, doctor in Public Health, reflects on the history, and gives scientific data, of A type flu and lists all the irregularities related to this subject.

She explains the consequences of the declaration of a PANDEMIC, the political consequences from this declaration and makes a proposal to keep calm. She calls for an urgent activation of all legal mechanism and the participation of all citizens in this matter.
Entry #1,503

"Spanish Flu : Born Again Bioweapon?

Speculation by author, conspiracy theory?  You decide.

__________________


"Spanish Flu : Born Again Bioweapon?
October 2, 2009
George Ure
Source SteveQuayle.com

"The hardest daily decisions in most newsrooms is deciding which story to 'lead' with. In television, that would usually be the story with their the catchiest images to would hold people over through breaks while in print it's a combination of exclusivity, insight, quality of writing, and the bent of the publication (news, glitz, business, sports, etc.).

Since the focus here in on long wave economics - and how they come creeping through to form a control layer over much of human behavior - you'd think the decision to lead with something like the Sunday Financial Times article by ace economist/realist Nouriel Roubini where he explains the "Mother of all carry trades faces an inevitable bust" would be a simple call to make; that's definitely 'above the fold, page one material.

But, around here, decision-making is never so cut and dried. Life has become incredibly complicated since mid 2001 when I started writing about a 'predictive linguistics project run by Cliff High at www.halfpasthuman.com - although at the time, there was not HPH and Cliff was much more reclusive. Here lately, the linguistics have - since last spring - been pointing to an October 25/26 turn date which would lead to a period of extremely high building tensions from that 'turn date' until two or three weeks later, by which time we should all be able to look back over our shoulders and say "<snip>! That's what a turn date's all about..."

The hints are sketchy - but that's the nature of the technology. The event is supposed to be something on the order of 85% economic and 15% other and it arises from the GlobalPop portion of the modelspace, which means whatever it is, it should be more or less planet-wide and not just some series of events that puts the fear of God into some fraudsters and greedsters down on Wall Street (or in Washington, where they also seem drawn in sizeable numbers).

today, my bet - subject to change at whim - is that the 'swine' flu story will be "IT" in retrospect. Not only did president Obama issue the national state of emergency right on schedule, but there has been steadily building concern around the topic such the by the end of the week, the shutting down of most of Europe comes into view as a 'nonzero' possibility and with that would come the fulfillment of economic impacts.

Moreover, the whole 'swine flu' story is developing almost along two tracks in the public mind: One track follows the 'offishul' (sic) version which is that the 'swine' flu just arose ad hoc in a swine population in Mexico and spread to the USA and elsewhere. The second track notes that the evidence is thin on the swine part and that the dispersal and now coming of the killer version/bleeding lungs part of 'swine flu' to eastern Europe seems mighty awful suspiciously like a low-grade bio-war between East and West. But let's not get ahead of ourselves - this story will be incubating for another week or possibly longer.

The BIG story this morning, economic in nature, is that "Swine Flu Grips Ukraine". It's in the Wall Street Journal, after all, so it must have something to do with economics, right?

And indeed it does: Ukraine is something of a bread basket area to Russia populated by smart, hard-working people. Since independence in late summer 1991, Ukraine has been evolving into the 29th largest economy in the world on a mix of agriculture, aerospace, and manufacturing while being a critical chunk of real estate to the Russians since goods like natural gas from Russia to Europe through its borders.

As of this weekend, 53 people have died of swine flu, some by what's described as bleeding lungs which hark back to the 1918 Spanish Flu and cytokine storming where the body's defensive mechanisms got crazy and attack the host body itself.

Responding to the situation, the government is closing down schools, some businesses, banning large gatherings, and is trying to buy another 700,000 doses of Tamiflu from Roche. A stock to watch?

The thing we probably should watch over the next few days is how the neighboring countries fare. Already Hungary's health minister says the "Ukraine flu epidemic to create emergency in Hungary" as it may also do in Romanian, Moldova, Slovakia, Poland, Belarus, Russia, and anyone pulling into port from he Black Sea or the Sea of Azov.

Now we go into deep background mode on this with an email I received from a particularly well informed reader who expects this will be one for the history books that should be watched closely:
"This story may be the most important of our lifetimes. I'm a retired Ph.D. biochemist FYI. I conjecture that much of the coming troubles the web bot project speaks of may well arise from this new flu variant. I note that the first cases appeared a few days ago, just the length of the incubation period from October 25th.
OK, a Mossad microbiologist warned two months ago that a new deadly flu bug was going to be released into Ukraine in two months. He got the place right, the bug right, and the time right.

The sequence of all 8 pieces of RNA in the virus that caused the "Spanish flu" pandemic of 1918-1919 is public knowledge. A long dead Inuit woman buried in the permafrost was dug up and the virus taken from her body a couple of years ago and the RNA pieces were sequenced. Quite simple to synthesize these 8 pieces with widely available commercial machines and reagents. Then transfect mammalian cells with the RNA genes to obtain the intact, fully functional, virus. Another quite well known technology. Then grow all you want in fertilized chicken eggs or a mammalian immortal cell line. More quite well known technologies.

What scares the sh*t out of me is that the bleeding in the lungs is exactly what killed a lot of folks in the 1918-19 pandemic. See the great book "The Great Influenza: The story of the deadliest pandemic in history? ." People would literally fall dead walking across the street. The bleeding out of the lungs was most likely the result of a "cytokine storm" that so increased the vascular permeability in the air sacks that blood filled the lungs. The reason why the mortality in the 1918-1919 pandemic was concentrated in the 18-25 yo cohort was that they had the most active immune systems.

Now I've NO conjecture as to who may have let this loose or why. But I do know that the technology is widespread to replicate the 1918-1919 virus that killed 2-4 million Americans and about 50 million world wide. And folks only traveled by ship in 1918. And there is NO vaccine for this flu type.

Hopefully we will know in a couple of weeks the sequences of the 8 RNA pieces in the Ukraine virus. I'll bet the farm that it is a replicant of the "Spanish Flu." If so, the odds are totally infinitesimal that this was NOT a deliberate bioweapon release.

I note that long haul truckers will simply go home and park their rigs if this flu reaches the USA. And exactly what reason do we have to suppose that it will be confined to Ukraine? The average city has 3 days of food. Connect the dots... please...............

A credit is due here. the word "replicant" is from the great sci-fi movie "Blade Runner."

All of this is puts us on the scale of impact somewhere in the middle between inconvenient to bad on one end of the scale to horrific and Biblical at the far end. But the linguistics seem to be pointing to the most terrible of all yet to come with temporal hints around the time of the Whistler Olympics (late February to mid March) for another round of dispersal.

The nonzero probabilities keep adding up and at some point, even the most skeptical human has to reach the point of non-coincidence and conclude what's for now only a possibility: Namely that the factions of the PowersThatBe are at war with one-another and we - humans down here at the worker bee level - are the unwilling cannon fodder for the coming year or longer."

http://www.stevequayle.com/News.alert/09_Disease/091102.born.again.bioweapon.html

Entry #1,502

Solution to Afghanistan Quagmire

This is a joke which may offend some.  You may have to have lived in the south to 'get it'.  Big Grin

________________

The Pentagon announced TODAY the formation of a new 500-man elite fighting unit called the United States Redneck Special Forces (USRSF)

These boys will be dropped off in Afghanistan and have been given only the following facts about terrorists:

1. The season opened today.
2. There is no limit.
3. They taste just like chicken.
4. They don't like beer, pickups, country music or Jesus.
5. They are directly responsible for the death of Dale Earnhardt.

The Pentagon expects the problem in Afghanistan to be over by Friday.

Entry #1,501

"NATO forces turn to warlords

Oct 31, 2009
 
"NATO forces turn to warlords
By Gareth Porter
Source Asia Times Online
 
"WASHINGTON - The revelation by the New York Times on Wednesday that Ahmed Wali Karzai, the brother of Afghan President Hamid Karzai, has long been on the payroll of the US Central Intelligence Agency (CIA), is only the tip of a much bigger iceberg of heavy dependence by US and North Atlantic Treaty Organization (NATO) counter-insurgency forces on Afghan warlords for security, according to a recently published report and investigations by Australian and Canadian journalists.
 
United States and other NATO military contingents operating in the provinces of Afghanistan's predominantly Pashtun south and east have been hiring private militias controlled by Afghan warlords, according to these sources, to provide security for their forward operating bases, other bases and to guard convoys.
 
General Stanley McChrystal, the US's chief in Afghanistan, has acknowledged that US and NATO ties with warlords have been a cause of popular Afghan alienation from foreign military forces. But the policy is not likely to be reversed anytime soon, because US and NATO officials still have no alternative to the security services the warlords provide.
 
A report published by the Center on International Cooperation at New York University (NYU) in September notes that US and NATO contingents have frequently hired security providers that are covertly owned by warlords who have "ready-made" private militias which compete with state institutions for power.
 
The report cites examples of major warlords or their relatives or allies who have been contracted for security services in four provinces.
 
In Uruzgan province, both US and Australian special forces have contracted a private army commanded by Colonel Matiullah Khan, called Kandak Amniante Uruzgan, with 2,000 armed men, to provide security services on which their bases there depend. That case was reported in detail in April 2008 by two reporters for The Australian, Mark Dodd and Jeremy Kelly.
 
Khan's security force protects NATO's International Security Assistance Force (ISAF) convoys on the main road from Kandahar to Tarin Kowt, where more than 1,000 Australian troops are based at Camp Holland, according to the article.
 
Khan gets US$340,000 per month - nearly $4.1 million annually - for getting two convoys from Kandahar to Tarin Kowt safely each month. Khan, now police chief in Uruzgan province, evidently got his private army from his uncle, Jan Mohammad Khan, a commander who helped defeat the Taliban in Kandahar in 2001 and was then rewarded by President Karzai by being named governor of Uruzgan in 2002.
 
The Australian Defense Force claimed to The Australian that Khan was paid by the Afghan Ministry of Interior to provide security on the main highways of Uruzgan province. The Australian military had previously refused to confirm or deny Australian payments to Khan.
 
CanWest News Service's Mike Blanchfield and Andrew Mayeda reported in November 2007 that the Canadian military had hired a "General Gulalai" to provide security for an undisclosed forward operating base. Gulalai is a warlord in southern Afghanistan who drove the Taliban out of Kandahar in 2001.
 
The same reporters revealed that Colonel Haji Toorjan, a local warlord allied with Kandahar governor and major warlord Gul Agha Sherzai, was hired to provide security for Camp Nathan Smith in Kandahar City, where Canada's provincial construction team is located.
 
Blanchfield and Mayeda found that the Canadian military had given 29 contracts worth $1.14 million to a company identified as "Sherzai", suggesting strongly that the former governor of Kandahar, who had become governor of Nangarhar province, was the owner.
 
The Canadian military refused to confirm whether Gul Agha Sherzai is indeed the owner.
 
In Badakhshan province, General Nazri Mahmed, a warlord who is said to "control a significant portion of the province's lucrative opium industry", has the contract to provide security for the German Provincial Reconstruction Team, according to the NYU report.
 
The report suggests that the US and NATO contingents were spending hundreds of millions of dollars annually on contracts with Afghan security providers, most of which are local power brokers guilty of human-rights abuses.
 
In addition to Ahmed Wali Karzai, it names Hashmat Karzai, another brother of President Karzai, and Hamid Wardak, the son of Defense Minister Rahim Wardak, as powerful figures who control private security firms that have gotten security contracts without registering with the government.
 
Two anonymous United Nations sources cited in the report estimate that 1,000 to 1,500 unregistered armed security groups have been "employed, trained, and armed by ISAF" and "Coalition Forces" for security services. As many as 120,000 armed individuals are estimated by the UN sources to belong to about 5,000 private militias in Afghanistan.
 
Most Afghan warlords are widely reviled, mainly because the private armies they continue to control carry out theft and violence against civilians without any accountability.
 
In his initial assessment last August, McChrystal referred to "public anger and alienation" toward ISAF, of which he is commander, as a result of the perception that ISAF is "complicit" in "widespread corruption and abuse of power".
 
That remark suggests that McChrystal, who had carried out the special forces' policy of relying on Afghan warlords for security in the past, was now expressing concern about its political consequences.
 
Jake Sherman, a co-author of the NYU report, was a United Nations political officer involved in the effort to disarm warlords from 2003 to 2005. He is skeptical that US policy ties with the warlords will end.
 
"I don't see how the US and other contingents could sustain forward operating bases without paying these guys," said Sherman in an interview with Inter Press Service (IPS).
 
Beyond their continuing dependence on the warlords for security services, Sherman sees another reason for keeping them on the payroll. If the US and NATO military commanders tried to cut their ties with the private militias, Sherman said the warlords "would actually become a security threat".
 
Sherman recalled that during his period working for the UN in northern Afghanistan, local police were hired to guard a World Food Program warehouse in Badakhshan. After a rocket attack on the warehouse, an investigation quickly turned up the fact that the police themselves had carried out the attack to pressure the UN to hire more guards.
 
The present US and NATO dependence on warlord armies is rooted in the policy of the George W Bush administration in the early years after the ouster of the Taliban regime in late 2001.
 
The CIA put the commanders of the forces who had defeated the Taliban on the payroll and gave them weapons and communications equipment to help US counter-terrorism squads locate any al-Qaeda remnants in Afghanistan.
 
The commanders used the US support to consolidate their political control over different provinces or sub-provincial areas. Human Rights Watch observed in a June 2002 report on the new relationships forged between the United States and the warlords, "While the US government does not view this policy as actively supporting local warlords, the distinction is often lost on Afghan civilians who see coalition forces openly interacting with the warlords."
 
Larry Goodson of the National War College, who participated in the 2002 process called the loya jirga under which the first post-Taliban Afghan government was established, told IPS he had recommended from the beginning a "de-warlordization" process, in which "we took nasty, sleazy characters and turn them into less nasty, sleazy bosses".
 
But the warlords were kept on the payroll, Goodson recalls, mainly because the troops controlled by the former commanders were seen as "force multipliers", in a situation where foreign troops were in short supply.
 
Gareth Porter is an investigative historian and journalist specializing in US national security policy."
 
Entry #1,500

"Pelosi Health Care Bill Blows a Kiss to Trial Lawyers

"Pelosi Health Care Bill Blows a Kiss to Trial Lawyers

by Capitol Confidential (Notation from Capitol Confidential page: "Capitol Confidential are anonymous sources in the halls of power at the federal, state, and local levels. Big Government double-checks their stories and provides them the cloak they need to reveal the truth.)
Source BigGovernment.com

"The health care bill recently unveiled by Speaker Nancy Pelosi is over 1,900 pages for a reason. It is much easier to dispense goodies to favored interest groups if they are surrounded by a lot of legislative legalese. For example, check out this juicy morsel to the trial lawyers (page 1431-1433 of the bill):

Section 2531, entitled “Medical Liability Alternatives,” establishes an incentive program for states to adopt and implement alternatives to medical liability litigation. [But]…… a state is not eligible for the incentive payments if that state puts a law on the books that limits attorneys’ fees or imposes caps on damages.

So, you can’t try to seek alternatives to lawsuits if you’ve actually done something to implement alternatives to lawsuits. Brilliant! The trial lawyers must be very happy today!

While there is debate over the details, it is clear that medical malpractive lawsuits have some impact on driving health care costs higher. There are likely a number of procedures that are done simply as a defense against future possible litigation. Recall this from the Washington Post

“Lawmakers could save as much as $54 billion over the next decade by imposing an array of new limits on medical malpractice lawsuits, congressional budget analysts said today — a substantial sum that could help cover the cost of President Obama’s overhaul of the nation’s health system. New research shows that legal reforms would not only lower malpractice insurance premiums for medical providers, but would also spur providers to save money by ordering fewer tests and procedures aimed primarily at defending their decisions in court, Douglas Elmendorf, director of the nonpartisan Congressional Budget Office, wrote in a letter to Sen. Orrin Hatch (R-Utah).”

Stay tuned. There are certainly many more terrible, horrible, no-good, very bad provisions in this massive bill."

http://biggovernment.com/2009/10/30/pelosi-health-care-bill-blows-a-kiss-to-trial-lawyers/#more-23042

Entry #1,498

"Do They Need the Public Option?

The Powerline guys are superb at sifting through superflous presentations and reaching the core quickly.

Quoted directly from their site.

_________

"Do They Need the Public Option

October 30, 2009 Posted by John at 11:39 AM

Much discussion of the House Democrats' health care bill has focused on its inclusion of the "public option," which most observers see as a Trojan Horse intended to serve, ultimately, as the vehicle for socialized medicine as private insurers are driven from the market--a process that President Obama has said may take ten to twenty years.

What strikes me as I read the House bill, however, is how closely it approximates socialized medicine even without the public option. The bill is classic national socialist legislation, in that it takes ostensibly private entities, the health insurance companies, and perverts them into instruments of the state, run top-down and barred from competing among themselves.

Under the House bill private health insurance companies will still exist, but to what end? They will be legally prohibited from competing in any meaningful sense. They will be required to issue substantially the same coverages at substantially the same rates, changes in which must be justified to the government. They will be prohibited from underwriting insurance risks in any rational way: they must pay all bills resulting from preexisting conditions, and they will be prohibited from charging lower-risk customers lower rates.

As I wrote here, you can force insurance companies to "cover" preexisting conditions, but the resulting product is not insurance. You cannot insure against something that has already happened. It is merely a bill-paying mechanism. Likewise, the House bill prohibits insurance companies from charging premiums on any rational basis. Section 213, titled "Insurance Rating Rules," provides:

The premium rate charged for a qualified health benefits plan that is health insurance coverage may not vary except as follows:

(1) LIMITED AGE VARIATION PERMITTED.--By age (within such age categories as the Commissioner shall specify) so long as the ratio of the highest such premium to the lowest such premium does not exceed the ratio of 2 to 1.

So young people--who, remember, will now be forced to buy health insurance--will subsidize older people.

(2) BY AREA.--By premium rating area (as permitted by State insurance regulators or, in the case of Exchange-participating health benefits plans, as specified by the Commissioner in consultation with such regulators).

(3) BY FAMILY ENROLLMENT.--By family enrollment (such as variations within categories and compositions of families) so long as the ratio of the premium for family enrollment (or enrollments) to the premium for individual enrollment is uniform, as specified under State law and consistent with rules of the Commissioner.

That's it. A lower premium for non-smokers or the non-obese? Forget about it. It's illegal.

Under the House bill, it is scarcely an exaggeration to say that health insurance companies are no longer in the insurance business. They can't rate and underwrite risks, which is the essence of insurance. That's illegal. They can't decide to whom they will issue policies; that's illegal, too. They can't offer novel or innovative coverages; their coverages are dictated by law. To a limited extent they can make decisions on paying claims, but under the watchful eye of government regulators. Meaningful competition among insurance companies will be, in effect, illegal. (In that context, it is a sick joke that the Pelosi bill also subjects health insurance companies to the antitrust laws, from which they had been exempted in consideration of their regulation by state, not federal, authorities.)

In the world that the House bill would create, the money we will pay to insurance companies won't really be insurance premiums. Insurance premiums are contractual payments which the parties voluntarily agree upon and which are based on a mutual assessment of risk. Rather, the checks we write to insurance companies will be taxes--legally compelled, at rates set by the federal government that are designed to punish some and subsidize others.

Isn't this socialized medicine in all but name? The only difference, perhaps, is that when things start to go badly, as they inevitably will--spiraling costs, long waits for treatment--Nancy Pelosi and her colleagues will have someone to blame: the insurance companies. Maybe old-fashioned socialized medicine would be better. Then, at least, the government would have to take responsibility for its folly."

http://www.powerlineblog.com/archives/2009/10/024833.php

Entry #1,497