Keeping the dream alive

By chance, we happened upon him in a small gift shop. The clerk recognized me, laughed and said, “What a coincidence! She just bought a copy of your book!” She gestured toward a small woman browsing through a group of men’s sweaters.

That began a cordial conversation when I thanked her for buying the book. Her son, somewhere in his 30s, perked up and listened. He settled himself down on a comfortable sofa and said not a word until his mother said, “My son is a writer, too.”

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via The Citizen http://www.thecitizen.com/blogs/ronda-rich/11-19-2013/keeping-dream-alive

Does Washington know what’s best for us?

According to some estimates, there are more than 100 million traffic signals in the U.S., but whatever the number, how many of us would like Washington, in the name of public health and safety, to be in sole charge of their operation?

Congress or a committee it authorizes would determine the position of traffic signals at intersections, the length of time the lights stay red, yellow and green, and what hours of the day they can be flashing red.

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via The Citizen http://www.thecitizen.com/blogs/walter-williams/11-19-2013/does-washington-know-what%E2%80%99s-best-us

Obamacare exchanges portend disaster

One thousand two hundred and eighty-nine days.

That’s how long the Obama Administration had to set up the 36 online health insurance exchanges it’s operating wholly or in partnership with states. Surely three-and-a-half years is enough time to establish websites with at least basic functionality, right?

Not so much. Obamacare’s exchange rollout has been disastrous. The federal government’s Healthcare.gov website is still unusable for most browsers. By last count, fully 47 state exchange sites were generating frequent error messages.

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via The Citizen http://www.thecitizen.com/blogs/sally-c-pipes/11-19-2013/obamacare-exchanges-portend-disaster

Obamacare love misplaced

I had to read the long letter from Mr. Alaimo a couple of times to really grasp his message. There is one constant thread having to do with this country’s Judeo-Christian roots, and it seems that this is the basis for Mr. Alaimo’s “love” for the Affordable Care Act (ACA). Please allow me to respond with a few high-level observations.

1. Mr. Alaimo spoke to his desire to provide healthcare plans to his employees. While this is commendable, we must understand the original reasons for companies providing such plans.

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via The Citizen http://www.thecitizen.com/articles/11-19-2013/obamacare-love-misplaced

Choose one: Liar or incompetent

So, now that we’ve witnessed a near complete failure of the launch of Obamacare, what should we conclude about the man himself?

Not to mince words, but to quote one of my favorite comedians, Adam Carolla, he’s either a liar or stupid. In either case, that’s a bad thing for our country.

If he’s stupid, that would explain why Obama kept reiterating that you could keep your plan, even after DHS bureaucrats wrote the actual rule and made grandfathering a plan exceedingly difficult.

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via The Citizen http://www.thecitizen.com/articles/11-19-2013/choose-one-liar-or-incompetent

EPA forecast: More lies

There was a cute, accurate cartoon in The Citizen (2-3 Nov. 2013) which got some people’s noses out of joint. In frame #1, A man is watching a TV screen which proclaims: “New Climate Study: Disaster in a Generation!” The man’s significant other (from another room) asks: “What’s the long-term forecast?”

“Scorching heat in 2060.”

Frame #2: The man’s significant other follows up with: “I mean for this weekend.” Man: “Who knows?”

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via The Citizen http://www.thecitizen.com/articles/11-19-2013/epa-forecast-more-lies

Brown: It’s time to be thankful

I give thanks this year for having the privilege to serve on the Board of Commissioners at a time when critical decisions were required at the same time I had colleagues who were willing to cast the tough votes.

I am thankful for the great relationship that exists between the county and city governments these days.

There are times when the workload gets heavy, making it easy to lose sight of the good things in life. I plead guilty on multiple counts.

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via The Citizen http://www.thecitizen.com/articles/11-19-2013/brown-it%E2%80%99s-time-be-thankful

Stocks Slump (Again) As FX Carry Disconnects

Despite Yellen, Bullard, and Evans on the tape, markets limped lower on the day. Of course, we had the standard POMO-based ramp but once again credit markets and VIX indicated more than a few were seeking protection rather than loading the boat at these all-time high round-numbers. Stocks had reached their 'richest' in 3 months relative to the Fed's balance sheet and so were perhaps due a little more turmoiling but Treasuries sold off all day (and not on growth expectations) to end unchanged across the curve on the week. The USD oscillated but ended lower (JPY unch on the week) and commodities dribbled higher (though all remain red on the week). Perhaps the most worrisome thing today was the total disconnect between stocks and FX carry after Europe closed…

 

FX Carry tried its best but stocks entirely disconncted after Europe closed (and POMO ended)…

 

Treasury yields bled higher all day – retracing yesterday's gains…

 

Credit remains notably saturated still…

 

Precious metals went nowhere, oil rose modestly…

 

VIX appears modestly bid here relative to the exuberance…

 

Homebuilders have slipped notably in the last coupel of days…

 

Charts: Bloomberg

Bonus Chart: The Volatility term structure reached a complacency extreme – just as it has a few trimes this year – suggesting more than a 1-2% decline on this dip…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/lIy2xn_tLgM/story01.htm Tyler Durden

Obamacare Is An Epic Disaster? Just Blame The Republicans

Whoever bet money on the prop bet that Obama would finally blame the epic debacle that is Obamacare on the republicans can now retire.

  • OBAMA SAYS ONE REASON FOR ROCKY HEALTH CARE ROLLOUT WAS THAT REPUBLICANS ON “ONE SIDE OF THE HILL” WERE INVESTED IN ITS FAILURE

Because it was obviously the Republicans who sabotaged the 3+ year rollout of Obamacare, and handpicked the “outside” contractors who made healthcare.gov such a smashing success. At least Bush walked away unscathed.

And now back to watching Obama as he channels the TOTUS.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/GM4T4xFJRXo/story01.htm Tyler Durden

Census Bureau Suggests Job Manipulation Was Not Systematic

Following the White House’s ignorance of anything that could be going on at the Census Bureau (apart from knowing for sure that the report on jobs data manipulation was misleading), the Census Bureau itself has chimed in…

  • *CENSUS BUREAU SEES NO ‘SYSTEMIC MANIPULATION’ OF JOBS DATA

So that’s good then – just unsystematic? A single-manipulator, acting alone (from the book depository?)


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/5ldWYKP4-Ms/story01.htm Tyler Durden