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Strange bedfellows

Dallas Morning News:

Reps. Ron Paul, R-Lake Jackson, and Alan Grayson, D-Fla., may not agree on a whole lot politically. But they seem to share a formidable distaste for the Federal Reserve.

The two teamed up to write a proposal that would increase oversight of the Fed and possibly force an audit of the nation's central bank. And to the surprise of some, the amendment passed last week. ...

Traders: Testosterone-levels predict risk-taking, not skill

FT. I think this is the really interesting paragraph, however:

As an aside, learning, like outperformance, is incompatible with the efficient markets hypothesis, according to which the markets follow a random walk and you can no more learn to trade them than you can improve at flipping coins. Our data therefore suggest the markets are not in fact random.

Well, so much for the efficient markets hypothesis... Read more about Traders: Testosterone-levels predict risk-taking, not skill

Have a drink!

And then another.

But not before helping Arthur with the rent money. As usual, I can't summarize what he says faithfully, so read and internalize. Read more about Have a drink!

Since the states are hurting for money...

... why not close the most antiquated and expensive prison units?

Heck, why not legalize marijuana and give all the dealers retroactive immunity? If that's good enough for the telcos, why isn't it good enough for real persons? Maybe somebody could ask a prominent instructor in Constitutional law about that? Oh, wait... Read more about Since the states are hurting for money...

How Reid's bill hands Obama the knife to cut treatment under Medicare

One more reason to kill the bill. Politico links to a post from Ron Brownstein in the Atlantic they say is "mandatory reading" at the White House. The key paragraphs describe two institutions, the Medicare Advisory Board and the Center for Medicare and Medicaid Innovation. Both circumvent the democratic process -- that is, the voters, although the latter looks more dangerous. Call me foily, but that translates, to me, to cuts in care. Why else would they not want to face the voters? Read more about How Reid's bill hands Obama the knife to cut treatment under Medicare

"Moral pathology" at Golden Sacks

The "break the bill in two" concept

Single payer advocates argue that the only way forward with health care is to pull out the good parts that help people right away, declare victory, and reboot with an open and transparent process -- this time, for real. Naturally, the "progressive" access bloggers never refute these arguments directly, since that would give oxygen those who advocate the only policy on offer that can be shown to save money and lives, but apparently they've been talking privately among themselves about it. Read more about The "break the bill in two" concept

Nobel peace prize winner Obama to send 34,000 more troops to Afghanistan?

McClatchy. Fortunately, we've got at least one Friedman Unit to play with:

"We have to start showing progress within six months on the political side or military side or that's it," the U.S. defense official said. ...

It splits the difference between two other McChrystal options: a "high-risk" approach that called for 20,000 additional troops and a "medium-risk" option that would add 40,000 to 45,000 troops.

Now that Bill Moyers is ending Bill Moyers Journal...

... (here) is there any reason to own a teebee?

I say No! One less addiction! And detox doesn't take all that long; only a year or so.... Read more about Now that Bill Moyers is ending Bill Moyers Journal...

Other than that, Mr. Ackroyd, how was the farce?

And you thought pinning the bogometer on public option was no longer possible. Jay Ackroyd:

The only argument in opposition to a public option is that it will lower executive compensation and shareholder value in the health care industry.

"An active member of a small clique"

Haw.

Maybe somebody could add this link to the "What Do You Want To See Fixed at Open Left" thread. Just a thought. And do feel free to propagate to the lists. Read more about "An active member of a small clique"

Enjoy fish while you can

Ian Welsh. The BC salmon fishery is collapsing, just like the Grand Banks cod fishery already has. Once again, Charles Eisenstein:

Essentially, for the economy to continue growing and for the (interest-based) money system to remain viable, more and more of nature and human relationship must be monetized. For example, thirty years ago most meals were prepared at home; today some two-thirds are prepared outside, in restaurants or supermarket delis. A once unpaid function, cooking, has become a "service". And we are the richer for it. Right? ...

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