Blogging the world around me.
Coverage of the meetings of the Macon County Board of County Commissioners.
Coverage of the meetings of the Franklin Town Board of Aldermen.
Coverage of the meetings of the Macon County School Board.
Photos from my photoblog.
It's Sunday night, and that means it's time for John Batchelor!
Here is his website.
The show starts at 7pm Eastern, and continues for six hours of the best radio you will find anywhere, as only John Batchelor can deliver it with his stable of experts...
And here is where you can listen to the show live online:
New York, WABC-AM 770 7-10PM ET;
Washington DC, WMAL-AM 630 7-9PM ET;
San Francisco, KSFO-AM 560;
Los Angeles,KFI-AM 640;
Schedule for Tonight: (all six hours are on the same link now)
The first two hours are below to whet your appetite:
720P: Rich Karlgaard, Forbes.com, re the financial crisis, the bear market, the joblessness, the global recession and "Turning Around America - A Modest Proposal," recovery program, "The wealth of American households is down about $20 trillion from 18 months ago;" re the car bailout and the failure to halt the filibuster, re the TARP and Detroit, re the Blago distraction, the Bernard Madoff distraction.
735P: Larry Kudlow, CNBC "Kudlow and Company," re the Senate filibuster an the strict limis urged by Bob Corker, Tennessee (R), re the Dick Cheney mention of Herbert Hoover if the bailout does not apss, re the White House considering TARP for Detroit; re the peculiar melodrama in Chicago. U.A.W. Chief and Senator Gain From Face-Off.
750P: Professional Roundtable with Natasha Korecki, Chicago Sun-Times, Margaret Hoover, FNC, and John Fund, Wall Street Journal; re the Chicago Way scandal in the Blagsosphere, re the untouchability of Patrick Fitzgerald, re the test of the Obama transition team (above Blago and Obama at the governors's conference in November), re Rahm Emanuel "death threats," John Kass: 'Where's Rahm?' and Tribune exclusive: Emanuel talked with office; re the Jesse Jackson Junior admission he is Candidate 5 and the JJJ denial he sought to bribe Blago. Jackson allies held Blagojevich fundraiser
Capone (Robert DeNiro): "I'm gonna tell you something. Somebody messes with me, I'm gonna mess with with him. Somebody steals from me, I'm gonna say you stole. Not talk to him for spitting on the sidewalk. Understand? Now, I have done nothing to harm these people but they are angered with me, so what do they do, doctor up some income tax, for which they have no case. To speak to me like me, no, to harass a peaceful man. I pray to god if I ever had a grievance I'd have a little more self respect. One more thing, you have an all out prize fight, you wait until the fight is over, one guy is left standing. And that's how you know who won." From David Mamet's screenplay for Brian De Palma's "The Untouchables."
805P: Continued re the ongoing Jackson risk, re the ongoing Emanuel risk, re the prospect of Illinois Attny General Lisa Madigan maneuvering the Illinois Superme Court to dismiss Blago, re the Obama obstacle course ahead, re Al Franken catches up and Norm Coleman in hot water? In Serbia, disbelief, sympathy for Blagojevich.
820P: Mary Kissel, Asia Wall Street Journal, re the China slowdown and the massive migrant worker dislocation, re the Taiwan prosecution of ex-President Shu-bian, re the collapse of the Austrailian currenc, re the crisis in East Asia markets.
835: Financial Professionals, with John Tamny, RealClearMarkets.com, Simon Constable,Dow Jones, Aaron Task, Yahoo Finance, Jim McTague, Barron's, re the car bailout in the House and the car wreck in the Senate, re the GOP filibuster, re the GOP blames the UAW (below Ron Gettelfinger UAW chief), re the Cheney "Herbert Hoover" remark. More panic for Monday morning: Citadel Halts Withdrawals. Ecuador Will Default on Foreign Debt.
850P: Continued, re the Bernard Madoff scandal and the greatest Ponzi scheme ever engineered, the missing $50 billion from the best country clubs in Florida and Long Island Many Red Flags in Case, re the Marc Dreier alleged bunko scheme and the missing $100 million, re the question asked, is capitalism for crooks and the jobless? Lawyer Accused of $100 Million Swindle; Letter from the research firm Aksia to its clients on Madoff Securities (pdf) How Madoff Made Folks Look Dumb.
It's Sunday night, and that means it's time for John Batchelor!
Here is his website. (he has his old domain back up).
705P ET: Jodi Schneider, Congressional Quarterly, re the 2008 election results and the 111th Congress convening in January 2009, re the GOP House leadership contest and the strange non-fate of John Bohner (no change) and Roy Blunt (change); re Mitch McConnell survives, re so does the amazing ever running battery of Ted Stevens; re the recount in Minnesota (couunt every joke) and the fate of Al Franken if defeated by a kid from Brooklyn and a handful of unfound ACORN votes, Norm Coleman.
720P: Jeff Madrick, author, "The Case for Big Government," re the myth of laissez-faire and the purpose of goverment, re the Obama administration inheriting the biggest government ever of the Bush administration.
735P: Professionals Margaret Hoover, FNC, John Fund, Wall Street Journal, and Thaddeus McCotter, 11th Michigan (R) re the election results in the Electoral College, re the failure of the McCain campaign to connect to the GOP; re the success of the Obama campaign to connect to the Blue states, re Rahm "Rahmbo" Emanuel to COS.
Emanuel to be Obama's White House Chief of Staff
750P: Continued re the election in the House, the losses, the leadership race on November 19.
805P: Financial roundtabe with Aaron Task, Yahoo Finance, Simon Constable, Dow Jones Newswire, Malik Kaylan, Forbes.com, re the election and the worldwide recession, re the aggression of the central banks and the absence of confidence of the markets, re the dollar and the rate cuts, re the Change.com post of the weekend:
President-Elect Obama Meets with Economic Advisers, Calls for "Swift Action" on the Economy
820P: Continued re the Obama administration and the Treasury, the Fed, the global troubles overseas such as the Gulf, Russia and the Caspian Sea and Georgia, East Asia.
835P: Malcolm Hoenlein, Conference of Presidents Major American Jewish Organizations, re the election and the expectations of Iran and Syria, re the staggered Iran economy, the staggered Hugo Chavez Venezuela economy.
850P: Dmitar Sasselov, Harvard, re the spookily nearby solar system of Epsilon Eridani, a much younger twin of our solar system only 10.5 light years distant in this iron poor arm of the Milky Way, re the space comb in action to discern distant stars light and the Exos in orbit; re the status of the Kepler Eden-hunter probe for 2009.
Panic is making a temporary resource shortage worse and is causing pumps to dry up.
The price should be able to fluctuate freely to direct these resources to where they are most needed. “Price gouging” laws are exactly the wrong thing to do.
The gas stations that are running out of gasoline did not raise their prices high enough. Why? The natural economy is now against the law.
Sorry fire trucks, ambulances, police, construction and public transportation. We ran out of gas because the prices were too low. What caused prices to remain lower than they would in a natural economy: the government.
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.
...In Canada, The Horn River basin as 500 trillion cubic feet in place....B.C.'s Horn River Basin, near the Northwest Territories, has generated early estimates upwards of 28 tcf (trillion cubic feet) in potential shale gas reserves. To the south lies the Montney sand, shale and siltstone tight gas play, which the B.C. government pegs at 80 tcf of tight gas in place...
....In the Mackenzie Delta, three natural gas discoveries total 5.8 tcf. Further north in the Arctic islands, 16 gas discoveries amount to a further 17 tcf. Benoit Beauchamp, executive director of the University of Calgary's Arctic Institute of North America and a former Geological Survey of Canada field geologist in the Far North, estimates the remote region's potential at 117 tcf of gas plus nearly four billion barrels of oil.
Canada's oilsands motherlode - Alberta estimates that its buried treasure totals 1.7 trillion barrels of bitumen in place......
Over half a century of poor maintenance and neglect, the power grid of the Central African Republic has collapsed. The capital has gone dark. Two nearby hydroelectric power stations, which provide most of the nation's electricity, have failed from years of neglect. The government is calling on foreign aid donors to fly in generators for hospitals and other essential services. Generators that have been brought in previously have not been maintained, and wear out quickly. This is not an exceptional event, for colonial era infrastructure, from roads to power plants, are collapsing from decades of post-independence neglect. This causes more unrest, as factions battle for a dwindling supply of resources.
---snip---
It is said that a high technology infrastructure is impossible to maintain when the average IQ of a population is below 85 (in the absence of a significant market dominant minority). The average IQ of SubSaharan Africa consistently measures close to 70, or 75 at most. IQ is not enough, of course. In China, where corruption is rampant, infrastructure collapse can happen too. In Detroit, where city government corruption is a way of life, maintaining the infrastructure is a daily battle.
But if you have both low IQ and corruption--with no market dominant minority--forget about it. It is not going to happen. Build as much as you want, it will surely crumble without maintenance.
WASHINGTON - House Republicans on Thursday scuttled a bill that Democrats hoped would help lower gasoline prices by forcing the Energy Department to release 70 million barrels of oil -- about a three-day supply -- from the national stockpile.
Democrats vowed that the action would have produced immediate relief at the pump, as was the case with similar releases in 1991, 2000 and 2005. The Strategic Petroleum Reserve now holds about 700 million barrels.
Despite winning a clear 268-157 majority, the measure still lost. Democratic leaders had brought the proposal up for debate under rules requiring a two-thirds vote to pass.
But passing the bill by just a majority would have meant allowing Republicans to force a vote on new offshore drilling leases.
"They're hiding from a vote," said GOP leader John Boehner of Ohio. "They're scared to death to allow us to ... force their members to vote on drilling."
To pay less, save the environment, and stop sending trillions to foreign dictators. “We can’t drill our way out of our energy problem.” This daily mantra underscores an abysmal grasp of economics by the politicians, activists, bureaucrats and judges who are dictating US policies. If only their hot air could be converted into usable energy.This is from Syrin, who hosts a radio show on Blog Talk Radio. She will be broadcasting live at 2.30 PM Eastern Time, and you can listen to her here:
America is in a hole and it's getting deeper every day. We import 70% of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war.
I've been an oil man all my life, but this is one emergency we can't drill our way out of. But if we create a new renewable energy network, we can break our addiction to foreign oil.
On January 20, 2009, a new President gets sworn in. If we're organized, we can convince Congress to make major changes towards cleaner, cheaper and domestic energy resources.
To get this done, I need your help. Check out the plan. If you think it's worth fighting for, please join our effort.
CROWD FUNDING
If you're of a mind, and can afford it, a dollar a month (or more) from enough people will make a huge difference in improving the quality of coverage of local meetings and events, as well as allowing remote weather stations and weather cams to be deployed throughout the county that you will be able to access online.
Currently, 20 people have pledged $99 a month. This is a tremendous help. Please visit www.patreon.com/MaconMedia for more information on how to contribute.
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