Tesla Momentum Runs Out Of "Gas", Enters Bear Market

Having been “on fire” for most of the year – managing a simply remarkable (Venezuela stock market-like) 472% gain from the start of the year to September highs; it appears the momentum stock of the year is ‘running out of gas’. Now down over 22% from its highs, Elon Musk’s experiment in exuberance has entered a bear market. Indices most levred to the momo mayhem are struggling this morning also with NASDAQ leading the ‘charge’ lower. At 3-month lows, TSLA is now up ‘only’ 335% YTD…

 

 

maybe – as @ECantoni noted, replacing ORCL with TSLA in the NASDAQ 100 in July was not such a great idea after all…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/4UA2nCTzveo/story01.htm Tyler Durden

Greenhouse Gas Concentrations in the Atmosphere Reach New Record

Global Warming? That’s the headline on the
World Meteorological Organization’s
press release
for its latest
Greenhouse Gas Bulletin
report issued just before the
19th
Conference of the Parties
(COP-19) of the U.N. Framework
Convention on Climate Change convenes later this month in Warsaw.
The release notes:

The amount of greenhouse gases in the atmosphere reached a new
record high in 2012, continuing an upward and accelerating trend
which is driving climate change and will shape the future of our
planet for hundreds and thousands of years.

The World Meteorological Organization’s annual Greenhouse Gas
Bulletin shows that between 1990 and 2012 there was a 32% increase
in radiative forcing – the warming effect on our climate – because
of carbon dioxide (CO2) and other heat-trapping long-lived gases
such as methane and nitrous oxide.

Carbon dioxide, mainly from fossil fuel-related emissions,
accounted for 80% of this increase. The atmospheric increase of CO2
from 2011 to 2012 was higher than its average growth rate over the
past ten years, according to the Greenhouse Gas Bulletin.

Since the start of the industrial era in 1750, the global
average concentration of CO2 in the atmosphere has increased by
41%, methane by 160% and nitrous oxide by 20%. What is happening in
the atmosphere is one part of a much wider picture. Only about half
of the CO2 emitted by human activities remains in the atmosphere,
with the rest being absorbed in the biosphere and in the
oceans.

Interestingly, the GHG Bulletin notes that the amount
of greenhouse gases in the atmosphere has increased by 32 percent
since 1990. Yet global average temperatures have been
more or less flat for the last 15 years
. Curious.

Heads up: I will be writing daily dispatches from the COP-19
in Warsaw from November 18 to its end on November 22.

from Hit & Run http://reason.com/blog/2013/11/06/greenhouse-gas-concentrations-in-the-atm
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Obamacare Queen Sebelius Faces HTTP 404 Error Again, This Time In The Senate – Live Webcast

HHS Secretary Sebelius faces up to the self-described “debacle” that is Obamacare in fron the The Senate Finance Committee this morning. We should expect much “mid-November”-ing as the new replacement for “plead da fif.”

 

Live Stream via Bloomberg:

 

Stream via CSPAN, (click image)


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/j98x_lURNDI/story01.htm Tyler Durden

GMO Labeling Disinformation Campaign May Suffer Defeat in Washington State

KillerTomatoesAnti-biotech luddites tried to scare the
citizens of Washington State into voting for the I-522 initiative
that would have mandated labels on foods containing ingredients
derived from genetically modified crops, even those crops are as

safe or safer than
conventional or organic crops. Styled as a
“right to know” initiative, the scientifically dishonest proponents
of labeling actually hope that confused consumers would mistake
them as “warning labels,” and thus avoid purchasing foods made from
cheaper and more environmentally
friendly
biotech crops.

All the votes are not yet in – a lot of in Washington State
residents vote by mail, but the trend looks promising. As
Politico
reports
:

Washington state’s GMO labeling measure appears to be going down
in defeat, early results show.

With slightly less than a million votes counted, the current
tally on Ballot Initiative 522, which would require the labeling of
foods that contain genetically modified organisms, show those
opposed leading by about 536,000 (54.8 percent) to 442,000 (45.2
percent). The figures represent about a quarter of the state’s 3.9
million registered voters, but not all of the votes have been
counted.

The delay in the final vote total is due to the fact that
Washington is a mail-in ballot state, and it will count any ballots
postmarked by Nov. 5, even if those ballots arrive at the end of
the week. As a result, the tally on election night often only
reflects about 60 percent of the votes that ultimately will be
received, according to Brian Zylstra, a spokesman for Washington’s
Office of the Secretary of State.

If that holds true in this election, with 997,566 ballots
counted on election night, another 665,044 could be in the
mail.

Here’s hoping that good sense will ultimately prevail among
Washington voters and this scientifically ignorant measure fails.
It’s a pity that the food and farming industries have to
waste so much money
to counter this egregious anti-biotech
propaganda.

from Hit & Run http://reason.com/blog/2013/11/06/gmo-labeling-disinformation-campaign-may
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Worrell-Gebhardt engagement

Mr. and Mrs. Ed Worrell of Fayetteville, Ga. are pleased to announce the engagement of their daughter, “Betty” Molly Elizabeth Worrell to Joshua Dale Gebhardt, son of Mr. and Mrs. Aron Gebhardt of Douglasville, Ga.

Miss Worrell is the granddaughter of Mr. and Mrs. Frank Vowell of Clinton, Tenn., Mrs. Betty Worrell of Jonesboro, Ga. and the late Dr. George Worrell.

Mr. Gebhardt is the grandson of Mr. and Mrs. Ed Gebhardt of Fayetteville, Ga., Mrs. Dorothea Canning of Tyrone, Ga. and the late Mr. Robert T. Canning.

read more

via The Citizen http://www.thecitizen.com/articles/11-06-2013/worrell-gebhardt-engagement

Stapleton-Bridwell engagement

Mr. & Mrs. Michael Stapleton of Senoia, Ga. are pleased  to announce the engagement of their daughter, Lisa O’Hara Stapleton to Eric Michael Bridwell, son of Mr. & Mrs. Michael Bridwell of McDonough, Ga.

The bride-to-be is the granddaughter of the late Mr. and Mrs. James Kelley of Fayetteville and the late Mr. and Mrs. Russ Stapleton of Morrow, Ga.

read more

via The Citizen http://www.thecitizen.com/articles/11-06-2013/stapleton-bridwell-engagement

Petty-Olsen Engagement

Mr. and Mrs. Tony Petty of Peachtree City, Ga. are pleased to announce the engagement of their son, Bryce Petty, to Meredith Olsen, the daughter of Mr. and Mrs. Paul Olsen of Hanover, N.H.

The groom-to-be is the grandson of Leo McDermott of Peachtree City, Ga. and the late Carole McDermott and Greta Petty of Ottawa, Kan. and the late Jim Petty.

Bryce is a 2006 graduate of Starr’s Mill High School and a 2010 graduate of Auburn University, from which he earned a Bachelor of Science in Building Science. He is employed at AEC in Dallas, Texas.

read more

via The Citizen http://www.thecitizen.com/articles/11-06-2013/petty-olsen-engagement

JFK Still Dead, Baby Boomers Still Self-Absorbed

In a new
column up at The Daily Beast, I look upon the avalanche of books
about John F. Kennedy coming out to mark the 50th anniversary of
this assassination and despair.
Here’s a snippet
:

Each fall since November 22, 1963, regular programming is
pre-empted and whole rainforests are clear-cut to bring us books
filled with the latest minor (and often delusional) variations on
who killed Kennedy and why; the supposedly transformative effect of
the “Camelot” years on contemporary geo-politics and, more
plausibly, the hat-wearing habits of the American male; and
counterfactuals about just how awesome—or awful—JFK’s second term
would have been.

Whatever emotional immediacy, contemporary relevance, and news
value this all once inarguably possessed, can we now admit that the
topic has grown thinner than the post-1963 resume of Kennedy
impersonator Vaughn Meader? It now lives on mostly as a sort
of repetition-compulsion disorder through which the baby
boom generation (born between 1946 and 1964) seeks to preserve its
stultifying cultural hegemony even as it slowly—finally!—begins to
exit the stage of American life on a fleet of taxpayer-funded
Rascal Scooters.


Read the whole thing.

from Hit & Run http://reason.com/blog/2013/11/06/jfk-still-dead-baby-boomers-still-self-a
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