Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Thursday, February 19, 2009

Let The Revolution Begin

Simpsons characters pictured in a mob revolt with tourches. Image Credit: The Simpsons

Let The Revolution Begin

It's ironic that Barack Obama, whose friends were disciples Saul Alinsky, an ardent social revolutionist, becomes president and sparks a revolution toward conservative American Values.

A revolt might be happening already and the signs of this revolt began yesterday. First in Arizona and Second on the floor of the stock exchange when a reporter for CNBC talked with people who work to invest money ... to make money for their clients and themselves.

The wake-up call is startling in that the mainstream media will not report the groundswell of reaction to the demonization of taxpaying, mortgage paying citizens who are cast a losers in this brand new Obamaworld ... Carter's Second Term.

Protests outside of Dobson Elementary School in Mesa, Arizona where President Barack Obama unveiled his mortgage bailout plan. Photo features "Swastika Guy" and "Hammer-and-Sickle Guy" in close proximity to Fox News contributor Michelle Malkin and Sen. Josh Penry. Image Credit: of ProgressNow Colorado

First, this excerpted and edited from the Arizona Republic -

Ask what the country CAN do for you
by E. J. Montini, The Arizona Republic - Feb. 19, 2009 12:00 AM

President Barack Obama came to ground zero in the foreclosure crisis on Wednesday and offered a mix of government assistance and personal responsibility.

To which a lot of folks in Arizona said: "Nice try, but we ain't buying it."

There's no need for a complicated analysis of Obama's speech.

We can sum up what the president said at Dobson High School in Mesa, as well as the reaction of many local residents, by using two quotes. The first is from Obama, the second from a reader of The Republic responding online to the president's remarks.

OBAMA: "So solving this crisis will require more than resources - it will require all of us to take responsibility.

"Government must take responsibility for setting rules of the road that are fair and fairly enforced.

"Banks and lenders must be held accountable for ending the practices that got us into this crisis in the first place.

"Individuals must take responsibility for their own actions.

"And all of us must learn to live within our means again."

READER: "What about stoops like me that still pay their payments on time and live within their means and didn't buy a pool or a Hummer? I deserve something, don't I?"

After all these years, we appear to have decided that John F. Kennedy was wrong and that we CAN ask what our country can do for us.

Or as another reader put it: "We should all just let our houses go and our jobs, then live off the government and let someone else pay for this turkey's 'stimulus'!"

Obama tried to make the case that we're in this mess together.
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One man responding to a blog I wrote for azcentral.com said, "Let's get this country back on track and stop the government from trying to be everything to everybody. The Constitution only guarantees 'life, liberty and the PURSUIT of happiness.' "

Another added, "So let's see if I understand - all of us who pay our debts and taxes now get to fund the rescue of homeowners who are upside down. Ummm. I can see a tax revolt forming in the near future."
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What might work is appealing to our self-interest.
Reference Here>>

CNBC's Rick Santelli, while broadcasting for “Squawk Box” on the floor of the Chicago Board of Trade, called for a referendum to see if we want to "subsidize losers' mortgages" or buy cars and houses in foreclosure and "give them to people who might actually prosper down the road." As traders cheered, he went on to say that we should "reward people that can carry the water instead of drink the water." [click-image to launch video] Image Credit: CNBC via lolfed.com

Second, this excerpted and edited from StreetInsider.com -

Rick Santelli - The Rant Heard 'Round the World'
February 19, 2009 12:24 PM EST

The rant heard 'round the world'. The Drudge Report is highlighting CNBC's Rick Santelli's rant on CNBC this morning ripping Obama's mortgage plan:

'The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard'...
Reference Here>>

Video Here

In this 44th Presidency of the United States, people who actually hold a long-term job, invest their money wisely, follow through with their monetary commitments are targeted and become losers (and those who behave in the opposite – Rewarded, with Government money transfer programs).

The economic model for all of this targeted upheaval is found in the principles of Keynesian Economics, a macroeconomic theory based on the ideas of 20th-century British economist John Maynard Keynes. The theory emphasizes the role of demand-side factors, as opposed to supply-side factors, in the determination of aggregate output.

In a nutshell, the value of money is placed not on wealth creation but dollar bill creation. The Government can choose to print the amount of money required to place the economy on a path that the Government feels is the correct path. This is as opposed to a free market determination which recognizes the free will of the consumer and the value of money that is placed in the popularity/supply of an item and the willingness for someone to pay the price someone else is willing to pay.

Even Vladimir Putin is warning the Obama Administration against the downside of a socialist economy stating that it was a “Five Year Plan” central planning Keynesian economic model that brought down the Russian Empire.

Image Credit: The Wall Street Journal Online

Putin Speaks at Davos
The Wall Street Journal - JANUARY 28, 2009, 2:29 P.M. ET

The following text is a transcript of Russian Prime Minister Vladimir Putin's speech at the opening ceremony of the World Economic Forum in Davos, Switzerland.

Good afternoon, colleagues, ladies and gentlemen,
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Excessive intervention in economic activity and blind faith in the state's omnipotence is another possible mistake.

True, the state's increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent.

The concentration of surplus assets in the hands of the state is a negative aspect of anti-crisis measures in virtually every nation.

In the 20th century, the Soviet Union made the state's role absolute. In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.

Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.

And one more point: anti-crisis measures should not escalate into financial populism and a refusal to implement responsible macroeconomic policies. The unjustified swelling of the budgetary deficit and the accumulation of public debts are just as destructive as adventurous stock-jobbing.
Reference Here>>

CONTEXT QUOTE:

Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable.

The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism.

Karl Marx, Das Kapital, 1867


Sunday, December 16, 2007

When Green Thinking And Consumerism Collide

GreenIsUniversal.com, the digital home of NBC Universal's new initiative to bring an environmental perspective to our networks, our platforms, our audiences, our communities ... in fact, to everything we do. We kicked the initiative off with a week of green-themed programming and we'll be continuing the commitment to our efforts throughout the coming years. /// "Going Green" is no small undertaking - whether you are a big media company or an individual hoping to make a change - so we'll be posting all of our exciting news on this site along with green tips, green clips, and a fast-paced blog covering everything we're doing at NBC Universal, and beyond. /// We hope you'll dive in, join the conversation, and help us make "green" as universal as we can. Caption and Image Credit: NBC Uinversal

When Green Thinking And Consumerism Collide

Question: What costs more in electricity per year - A CRT style television or a brand new, solid state HD Plasma flat panel television?

Ever ask yourself, “When is enough, enough?"

In February 2009, our television technical standards are due to changeover to High Definition broadcast transmission standards. The impacts of this changeover will have a pretty large effect on our habits, or so we are told.

On the one hand, we need to be conscious about treating our Earth right ... on the other hand, we have a requirement to embrace technological advancement.

This changeover, as mandated by FCC law, excerpted from Wikipedia –

The FCC has notified U.S. television broadcasters that the standard for transmitting TV over-the-air shall change from analog to digital. While there are many technical, political, and economic reasons for and implications of this change, the end-result for some segments of the American TV audience will be an improvement in picture and sound quality.
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From a consumer standpoint, every conventional TV with an antenna will become obsolete, unless connected to a digital tuner. After the switch to digital transmission, TVs will be unable to receive terrestrial analog RF TV broadcasts unless connected to a set-top box or other device that contains a digital tuner. Roughly 20% of viewers receive analog broadcasts over the air, and will be affected by the analog shutoff. The majority of TV watchers will not be affected. The 80% of television viewers that use cable or satellite television will not be immediately impacted. Virtually all satellite users and an increasing number of cable users already use set top boxes to view programming, and analog cable television is being phased out in many markets. For people unable to buy new digital TVs, Congress is arranging to offer cash vouchers for the purchase of digital tuners.
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The last major change in TV transmission standards took place when compatible color broadcasts began in 1953. That change was engineered to be backwards-compatible, meaning that existing black-and-white TV sets would receive and display "compatible-color" broadcasts (in monochrome) without modification. The impending change to digital from analog is not backwards-compatible.
Reference Here>>

Funny that - we have global climate change and we have a global consumer change-over and neither are “BACKWARDS-COMPATIBLE”!

Where is the “Green Peacock” flying over at GE/NBC/Universal when we need it?
Just last month (November 4, 2007 to be exact), the viewers of all of the NBC broadcast television properties – NBC, MSNBC, CNBC, Bravo, SciFi Channel, USA Network, Telemundo, to mention a few, were treated to a healthy dose of how we all can become better world citizens if only we begin to think and behave green. “Green is Universal” was the catchy phrase. After all, we are reminded over and over that Al Gore told/lectured us that the Globe Is Warming!

We consume resources at a record level and that, as we were reminded on NBC “Green Week”, if we all replace out incandescent light bulbs with the new Compact Fluorescent Lamps (CFL's) we can save the planet. During the broadcast day we were treated to “Green Friendly” TIPS like - Tip #2 - By allowing more natural light into your home, you can lower the use of electricity; artificial light adds up to almost 15% of the home's total electricity. That there is some mighty fine copywriting, we'd say!

Compact Fluorescent Light (CFL) - CFLs are more energy efficient than incandescent bulbs because they generate the same amount of light using less energy. CFLs generate light with trapped gas, while standard incandescent lightbulbs use filaments to generate light. Caption Credit: NBC Universal -- Image Credit: Wikipedia

And this little green glossary definition found on the NBC “Green Is Universal” website -

Energy Efficiency Energy - efficiency is a measure of how much energy is needed for a product to perform its function. For example, CFLs are more energy efficient than incandescent bulbs because they generate the same amount of light using less energy. Reducing energy use is important to reduce human impacts on climate change.

Not one word was mentioned about the possibility of saving gobs of energy by just turning off our brand new, big screen, flat panel plasma TV!

Plasma Television - Behind the screens are millions of cells, each one for every pixel on the screen. Inside these cells are two gases, neon and xeon, and some chemical called phosphor that glows when hit by light. This chemical was founded in 1669, accidently, by a German scientist Hennig Brand who was doing some experiments on his urine. When electrical currents run through each cells, they charge both gases into a plasma state, or ionized state. This plasma emits UV light to hit the phosphors that glows afterward. In each single cell there are 3 subcells that contain 3 different phosphors – red, green, and blue phosphors. By controlling the current that goes into each one of the subcells, the amount of red, green, and blue glows combine into millions of color combinations. Image Credit: Ken Crane’s - Panasonic HD plasma television (biggest available) spanning 103 inches and weighing 485 pounds

This excerpted from The Wall Street Journal -

That Giant Sucking Sound May Be Your New TV

By Rebecca Smith, The Wall Street Journal - Last update: 11:01 p.m. EST Dec. 12, 2007
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Consider that a 42-inch plasma set can consume more electricity than a full-size refrigerator -- even when that TV is used only a few hours a day. Powering a fancy TV and full-on entertainment system -- with set-top boxes, game consoles, speakers, DVDs and digital video recorders -- can add nearly $200 to a family's annual energy bill.
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While most new types of TV sets use far more electricity than the old-fashioned gadgets they replace, some upstarts are bigger energy hogs than others. In general, liquid crystal display, or LCD, screens use less power than plasma sets of comparable size. And in the largest screen sizes, projection televisions typically use less electricity than LCD or plasma models.

A 28-inch conventional television set containing a cathode-ray picture tube, or CRT, for example, often uses about 100 watts of electricity. A 42-inch LCD set, a typical upgrade item, requires about twice that amount of electricity. But the real beast is the plasma set. A 42-inch model often sucks up 200 to 500 watts, and a 60-plus-inch plasma screen can consume 500 to 600 watts, depending on the model and programming, according to the Environmental Protection Agency.

In the biggest screen sizes, a projection television is a better option from an energy-use standpoint because it consumes about 150 watts to 200 watts, far less than a plasma or LCD screen.

Assuming each screen is on five hours a day, the annual energy bill for the conventional 28-inch television set would be about $30 a year, compared with about $130 for the 60-inch plasma model, assuming power costs 12 cents a kilowatt hour. By the time other devices are added -- including game consoles, speakers and DVDs -- the cost to power the whole works can top $200 annually. (How to do the math: Something that draws a constant 100 watts of electricity uses 2.4 kilowatt hours of electricity in a 24-hour period or 876 kilowatt hours in a year. At 12 cents a kilowatt hour, the annual cost would be $105.12.)
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Doug Johnson, senior director of technology policy for the Consumer Electronics Association, says the industry is working to improve disclosure and energy efficiency. He says comparing television energy use to refrigerator energy use is "hackneyed," adding, "when was the last time the family gathered around the refrigerator to be entertained."

Graphic Credit: MarketWatch, The Wall Street Journal

But consumers making an effort to go greener at home -- and who also want to ditch their bulky old TV set -- can be in a bit of a bind. The energy savings gleaned from swapping out incandescent light bulbs for energy-efficient compact fluorescent lights, for example, can easily be canceled out by the pileup in entertainment gear.
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Set-top boxes, which deliver programs and movies through the Internet, cable or satellite dishes, also can be energy hogs. In fact, they typically consume about -the same amount of power whether they are being used or standing by.
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According to a calculation by the Natural Resources Defense Council, a typical high-definition cable box with a built-in digital recorder consumes about 350 kilowatt hours of juice annually, more than a conventional television set and clothes washer combined.
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For its part, the EPA appears to have settled on a process that will allow consumers to compare sets of the same size, across technology types. The agency expects to have improved Energy Star labels on television screens by November 2008 and to get them on set-top boxes, also in active and standby modes, by December 2008.
Reference Here>>

At MAXINE, our wallets and brains are exploding due to the collision of well intentioned and possible necessary technical changeover and nature.

The real and perceived change from both directions, the law of the FCC and the natural forces found here on Earth for hundreds of millions of years, require our attention and action, both are immovable forces, and both are not backward-compatible.

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