I’m really digging this extra daylight. But, then, I’m a morning person. But, while everyone around me is groaning about how they hate Daylight Savings Time, all I can say is I love it because I have no problem, literally, jumping out of bed before dawn. Now, in the Spring, when Daylight Savings Time starts, again, I’ll be dragging my hump in the mornings like everybody else.
I got my morning cuppa. Got my ten posts. I’m ready to go.
Who’s with me?
From skippy the bush kangaroo:
- bubble bubble housing trouble: (Dizzy sez: According to this post, the housing bubble is gonna hurt like a mutha*beep*. I’m just talkin’ ’bout the housing bubble!)
color us downright incredulous — we’re down with raising money online, and we’re right about most things. but we’re amazed that paul is eliciting such intense loyalty and passion amongst netizens.(Dizzy sez: A lot of potential voters are saying “yes” to “Dr. No”.)
- Ron Paul’s reported one-day haul: more than $4.2 million:
Republican presidential candidate Ron Paul, aided by an extraordinary outpouring of Internet support Monday, claimed to haul in more than $4.2 million in nearly 24 hours. Ron Paul’s reported total deposed Mitt Romney as the single-day fundraising record holder in the Republican presidential field. When it comes to sums amassed in one day, Paul now ranks behind only Democrats Hillary Rodham Clinton and Barack Obama.Ron Paul, the Texas congressman with a libertarian tilt and an out-of-Iraq pitch, entered such heady fundraising territory with a surge of Web-based giving tied to Guy Fawkes Day.
(Dizzy sez: Wow. I wonder what the wingnuts think about that. They have been blaming spam-bots for his popularity in online polls, but four million bucks from 22,000 spam-bots? I don’t think so.)
From Yahoo! Finance:
- The $915 Billion Bomb in Consumers’ Wallets:
This past summer’s subprime meltdown involved about $900 billion in now-suspect securitized debt, reckless lending, and consumers who buckled under the weight of loans they couldn’t afford. Now another link in the consumer debt chain – credit cards – is starting to show signs of strain. And the fear that the $915 billion in U.S. credit card debt (an uncannily similar figure) may blow up has major financial institutions like Citigroup, American Express, and Bank of America strapping on their Kevlar vests.Last month, as banks reported their worst quarterly results since 2001, concerns about rising credit card delinquencies began to make their way onto earnings announcements alongside mentions of subprime woes.First Citigroup, reporting a 57% decline in earnings, cited higher consumer credit costs and said it would put aside $2.24 billion in loan-loss reserves to cover future defaults.
(Dizzy sez: Sure, “greed is good” in the short-term, but eventually, everything, including the good, the bad, and the ugly, have a way of coming back to help or haunt us. In the banking industry, it looks like a whole lotta chickens are coming home to roost. Sadly, it’s our entire economy that’s gonna feel the burn.)
From The Democratic Daily:
- The Foreclosure Picture Worsens: No Relief In Sight:
A comprehensive remedy for the financial tidal wave that relentlessly heads toward us is nowhere on the horizon. Small things are being proposed or attempted that amount to chipping away at the edges of the problem, but the bulk of the crisis goes unaddressed because the United Sates has the same number of houses that it had two years ago but has far fewer people who are eligible to be homeowners, and no financing that will, or likely should, be offered to people who really can’t afford the millions of houses that are available.(Dizzy sez: I guess you CAN have too much of a “good thing”.)
From The New York Times:
- Weed It and Reap:
Americans have begun to ask why the farm bill is subsidizing high-fructose corn syrup and hydrogenated oils at a time when rates of diabetes and obesity among children are soaring, or why the farm bill is underwriting factory farming (with subsidized grain) when feedlot wastes are polluting the countryside and, all too often, the meat supply. For the first time, the public health community has raised its voice in support of overturning farm policies that subsidize precisely the wrong kind of calories (added fat and added sugar), helping to make Twinkies cheaper than carrots and Coca-Cola competitive with water. Also for the first time, the international development community has weighed in on the debate, arguing that subsidized American exports are hobbling cotton farmers in Nigeria and corn farmers in Mexico. On Capitol Hill, hearings on the farm bill have been packed, and newspapers like The San Francisco Chronicle are covering the legislation as closely as The Des Moines Register, bringing an unprecedented level of attention to what has long been one of the most obscure and least sexy pieces of legislation in Congress. Sensing the winds of reform at his back, Senator Tom Harkin of Iowa, chairman of the Senate Agriculture Committee, told a reporter in July: “This is not just a farm bill. It’s a food bill, and Americans who eat want a stake in it.”Right now, that stake is looking more like a toothpick. Americans who eat have little to celebrate in the bill that Mr. Harkin is expected to bring to the floor this week. Like the House bill passed in July, the Senate product is very much a farm bill in the traditional let-them-eat-high-fructose-corn-syrup mold.
(Dizzy sez: I firmly believe that one of the many reasons Americans do not have their priorities straight is because our government does not have its priorities, for the American people, straight. While we are being preached at about “personal responsibility”, our government–all branches–are endorsing policies that hurt, more than help us and making it too expensive to do what is right (in this case, eat healthier) and helping big business gain more “$$$” while Americans gain more “lbs.”)
From The Los Angeles Times:
- The sun will set on our empire too:
The United States, as today’s sole superpower, has achieved an extraordinary global ascendancy. Yet it too is overstretched, corrupted by luxury, attacked by barbarians, reliant on mercenaries. It has suffered terrible setbacks in Vietnam and Iraq. It faces the challenge of a gigantic new rival. Perhaps, therefore, Americans should at least try to imagine the prospect of their nation’s following the British trajectory so that they will be psychologically prepared if and when it happens. It might even be salutary to imagine Chinese tourists, a few centuries hence, taking their stand on a shattered pillar of the White House to sketch the ruins of the Capitol.(Dizzy sez: Thinking about the future may help us plan our present better. You know? Like kicking out the *beep* that are running our empire into the ground! I’m jus’ sayin’…)
From The Lab:
- Common gene determines if breast is best:
Breastfeeding is best for your child’s brain as long as a variation of a common gene is present in the baby, researchers say. Breastfed children with a variant of the FADS2 gene, which is involved in processing fatty acids, score up to seven points higher in IQ tests than bottle-fed children.But for those children without the variant gene, breastfeeding makes no difference to their intelligence levels.
(Dizzy sez: Regardless of whether or not breastmilk is better for a developing baby’s IQ, real mother’s milk is still better than artificially manufactured powdered baby formula for a developing baby’s body).
- Data On Radiohead Experiment: 38 Percent Of Downloaders Choose To Pay:
The first concrete analysis of Radiohead’s innovative pay-what-you-like plan for latest album In Rainbows shows thirty-eight percent of those who downloaded the title indeed chose to pay something, while 62 percent kept their change in their pocket. ComScore (NSDQ: SCOR) data (via release) shows 1.2 million people visited the site in the first 29 days of October (it was launched at the start of the month). The average price paid was $6 on a globalized basis but Americans were more generous, coughing up $8.05 – factor in the freeloaders, however, and it’s more like an average $2.26 on a worldwide basis and $3.23 from Americans. The most common amount offered was below $4, but 12 percent were willing to pay between $8 and $12, around the typical cost of an album from iTunes. More at our sister site paidContent.co.uk. (Dizzy sez: There is no actual word as to how many copies of “In Rainbows” were actually sold, but estimates are in the million album range. And, since they are not signed to a formal record label, most of the revenue from those million or so albums (which is in the 4 million British pound range) is all belong to Radiohead. I understand the whole cutting out the middle-man plan. Since I went into business for myself and gave up franchising for anyone else, I don’t make a crapload of money, but all the crappy income is mine all mine. The only other entity that gets a cut is Uncle Sam. I’m not a fan of Radiohead, but I definitely say “more power to them”.)
From Open Your Minds Eye:
A lot of heavy reading today, but some fluff to help to distract you.
I’ve got things to do and people to see, and a beautiful blue sky to greet me. So, I’m gonna top off my morning cuppa and get a move on. In the meantime, please take care of each other and don’t let the world weigh you down too much.