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War: first, one hopes to win; then one expects the enemy to lose; then, one is satisfied that the enemy too is suffering; in the end, one is surprised that everyone has lost.
   —  Karl Kraus
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On This Day In:
2017 …And With It Civilization
2016 Just Like My Mother
2015 All Omissions Are Mine
2014 Precise Order
2013 Uh, No. Not Really…
Deep Regions
2012 A Pre-Valentine’s Day Message
2011 Easy Like Sunday Morning
May I Have A Little More, Please…
2010 Valleys and Peaks
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And the records just keep on getting set this week:
1) First President to ever have the Stock Market fall 1,000+ points in one day during his administration  —  Donald Trump
2) First President to ever have the Stock Market fall 1,000+ points in one day TWICE during his administration  —  Donald Trump
3) First President to ever have the Stock Market fall 1,000+ points in one day TWICE in one week during his administration  —  Donald Trump
4) First President to ever have the Stock Market fall 1,000+ points TWICE during his first term  —  Donald Trump
As I said in a prior post, most market gains are not directly attributable to any specific action by a President, neither are most market losses.  But, when you take “personal” credit for the gains “since getting elected”, I think you should also accept the blame when there is a market loss – “correction” or otherwise – during your administration.  Oh, but not “TeflonDon”…  After all, the economy is still fundamentally sound.  Or, so we’re being told.
And, yes, Mr. President we’re tired of winning!  Please, make it stop!!
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On This Day In:
2017 An Accumulation Of Acts
2016 Here’s Lookin’ At You Kid
2015 How To Be Omnipotent
2014 The Promise Of Future Love
2013 Christian, n.
2012 Praise
Don’t Let Me Be Misunderstood
2011 A Few More Lyrics From The Past
5 For The Price Of 1

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All should appreciate the FBI speaking up.  I wish more of our leaders would.  But take heart: American history shows that, in the long run, weasels and liars never hold the field, so long as good people stand up.  Not a lot of schools or streets named for Joe McCarthy.
   —  James Comey
Former Director, Federal Bureau of Investigation
From his Twitter account on 1 Feb 2018
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On This Day In:
2017 The Few, The Many, The Most
2016 To My Brother
2015 For Junior
A Roman Rome
2014 Hmmm
2013 What’s A Motto With You?
2012 Worthy Companions
2011 Bourne Again
Which Ten Are You In?

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Hackers believe that essential lessons can be learned about the systems — about the world — from taking things apart, seeing how they work, and using this knowledge to create new and even move interesting things.  They resent any person, physical barrier, or law that tries to keep them from doing this.
What really drove the hackers crazy was the attitude of the IBM priests and sub-priests, who seemed to think that IBM had the only “real” computers, and the rest were all trash.  You couldn’t talk to those people — they were beyond convincing.  They were batch-processed people, and it showed not only in their preference of machines, but in their idea about the way a computation center, and a world, should be run.  Those people could never understand the obvious superiority of a decentralize system, with no one giving orders: a system where people could follow their interests, and if along the way they discovered a flaw in the system, they could embark on ambitious surgery.  No need to get a requisition form.  Just a need to get something done.
   —  Steven Levy
From his book:  “Hackers: Heroes of the Computer Revolution
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On This Day In:
2017 Fashionista
2016 A Faulty Model Of God
2015 Non Sequitur
2014 No Flags League
I Ain’t Who Am
2013 Spoiling For Fame?
2012 How Many?
2011 Too Tired To Chat Much
2010 I Must Be Crazy!!

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The Return of Depression Economics (and the Crisis of 2008)”  (2009©)  —  book review
This book is authored by Dr. Paul Krugman, who won the Nobel Prize in economics in 2008.  That’s kind of an easy way to validate that he knows what he’s talking about in terms of economics.  I actually completed this book earlier in the month, but have just been too lazy to get around to this review…
Basically, the good doctor is a progressive / liberal economist from the Keynes / Galbraith school of government “interference” in the free market to both stimulate the economy and restrict bad business practices (i.e. monopolies).  This means, when the inevitable market slow-down occurs, the author feels it is the government’s job to step in and provide demand for goods and services which will keep the economy ticking along.  The failure to do so, the author states, results in a stalled or failing economy, which starts a self-fulfilling prophecy / death spiral of recession or depression.  To prevent the excesses of capitalism, he proposes, a stricter regulation of banks and non-bank money (credit) generators.  In theory, this decreases the size of economic bubbles and the resulting “crashes” which follow the inevitable bubble burst.
The bottom line appears to be that markets are subject to “bubbles”.  Bubbles are periods of overconfidence which directly result in price increases to the point of frenzy.  However, when the frenzy pauses to catch its breath, everything tends to go to hell in a handbasket unless the government is willing (and sometimes it isn’t) to step in and save everyone’s bacon.  The buying frenzy then becomes a selling panic and the free flow of funds / capital means individual national economies can end up in very deep do-do, very quickly.
Final recommendation: highly recommended.  I recognize I am also a progressive / liberal who is predisposed to agree with the author’s opinions and arguments, but I found the basic arguments to be in agreement with my own experiences over the last 50 years.  The book is written in standard English for the “off-the-street” (non-economist) person to understand.  It is relatively short at under 200 pages and I found it to be a fairly fast read.  Well worth your time to understand some of why the world is functioning the way it does.
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On This Day In:
2016 Election + 1 Month
2015 Dance And Sing
2014 A Measuring Stick For Progress
2013 Courtly Love Or Victory Over Habit
2012 Have We Met?
2011 Efficiently Useless

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A competent leader can get efficient service from poor troops, while on the contrary an incapable leader can demoralize the best of troops.
     —  General John J. Pershing
[I really wish the Draft avoider in the Oval Office would stop defaming the character of a General who (by all accounts) seems to have been a decent man and a good commander.  I do not have a great deal of knowledge about General Pershing because I’ve never studied him or his achievements.  I have recently taken the time to read about President Trump’s “claims” (lies) about the General and the stores of how he supposedly dealt with Islamic fighters while he was commanding in the Philippines.  Trump’s lies were debunked during the 2016 campaign (when he first made them) and they are being exposed again after Trump’s latest tweets on the topic.  Our President doesn’t do our military forces or its historic leaders any honor when he dishonors their achievements with lies in the attempt to make himself out to be a “tough-guy” or strong-man leader.  It just illustrates how small a man he really is.   SAD…   —  KMAB]
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On This Day In:
2016 With No Allowance For Chance?
2015 Details
2014 Here’s One…
2013 Non-Fungible Commodities
2012 Hope And Tears
2011 Just Long Enough
Meaningful Thoughts

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Human beings of any age need to approve of themselves; the bad times in history come when they cannot.
   —  Barbara W. Tuchman
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On This Day In:
2016 Me Too
2015 A Proper Price
2014 Well Hard
2013 Because I Can
Eloquence, n.
2012 Why Bother?
2011 Peculiar Notions

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