Tuesday, August 27, 2013

WHITE HOUSE INSIDER: “Barack Obama A Weak Ass Fool”

WHITE HOUSE INSIDER: “Barack Obama A Weak Ass Fool”
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“It’s all money and influence for them now, nothing more.  These last eight years is all about setting up the next thirty, and Jarrett is going to be right in the middle of all of it.”   -WHI

“Makes him look like the weak ass fool those of us who’ve seen him up close know he is.”
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After months of periodic, yet for the most part, friendly contact, the figure tens of thousands of readers have come to know and either hate or love, as White House Insider, suggested I take a trip to see them and “shoot the shit for a spell.”   Perhaps it was kismet, because my own schedule allowed a window of opportunity to do just that, so after getting the ok from the Little General (my wife),  I was off for a seventy-two hour journey “there and back”.   Unlike the intensity of the months prior to the 2012 Election, this was a far more relaxed and perhaps, even more introspective conversation between two people who now comfortably call themselves friends.  Myself, an unapologetic libertarian-conservative, and White House Insider, an old-school Democrat who has felt for some time the political party of his once “big show’ political days is now a long gone and likely never to return remnant of the past.  That said, this former political operative still holds out hope for a better United States, regardless of whether or not the politicians of the day are calling themselves Democrats or Republicans, or something else - he most of all wants our nation’s leaders to simply be good, honest, and decent Americans.
Their record of accuracy in pinpointing political machinations is well documented by regular readers of this blog.  White House Insider was the first to suggest there would be a myriad of scandals surrounding the Obama Department of Justice that would lead to the Attorney General himself.  Weeks and months later, those scandals played out across the Mainstream Media.  He indicated very specific staff departures that then took place.  He painted what was then, a very shocking portrait of a distant, shallow, and largely indifferent Barack Obama – a portrait that subsequent media reports then substantiated.
And perhaps most significant of all, was White House Insider’s insistence that it was Valerie Jarrett who wielded the power within the Obama West Wing, circumventing the Oval Office from her own second story White House office.  This portrayal too was later supported and documented by Mainstream Media reports.
Here now is part one of this conversation, which took place after nearly three hours of fishing together, and over several cold beers.  I didn’t catch a damn thing, but the discussion and the beer that followed more than made up for it…
______________________________
UM:  Can we start here?
WHI: You the boss.  Ask away.
UM:  Looking back, what were you most right about, and what were you most wrong about?
WHI:  About what?  Obama?  The election?  What do you mean?
UM:  Start with…start at the place shortly after you first let me publish our conversations.  You pointed out trouble at the DOJ, and were laying hints about Valerie Jarrett.  Go ahead and start there.
WHI: Son, I can’t remember what I had for breakfast this morning, and the most important thing on my mind is when my next real good bowel movement might be.  I can’t remember any of that sh*t.  Sorry.
UM:  You were right about the DOJ, right about Jarrett.  Do you agree with that?
WHI:  Yeah – sure, but I could give a sh*t about being right, because in the end, they f*cking won, and that’s all that matters, right?
UM:  Before we get to the election, go back to your warnings about the DOJ and Jarrett.  You were right on there.  That has to feel good, to have your information substantiated like that.
(A little aside here reader – when WHI hears something that really annoys or angers them, they have this habit of scrunching their face up like they just got a whiff of something awful.  While funny to behold, it also lets me know that I’ve managed to once again pose a question they find completely idiotic.  This last question had me receiving that very same look.)
WHI:  Let me say it reeeaaaaaaal slow for you, ok?  They won – we lost.  That’s all that matters.  This ain’t some “everybody’s a winner” bullsh*t.  I got my ass kicked, and there it is.  What you gonna do?
UM:  I understand, but…I won’t go back to re-wording that question, but for the purpose of…of getting us some updated perspective here.  There will be readers reading this who have been with us since the beginning.  I especially want to give them a reference point of your frame of mind between then and now.
WHI: (nodding head and laughing)  Oh – like letting them know how much of a loser I am, right?  Yeah – g0t it.  Yeah, sure thing.
UM:  Let me give you a word, or a phrase, or a name, and you tell me what comes to mind.
WHI:  That word association bullsh*t, right?  Not that…don’t mean it’s bullsh*t.  Sorry, being an assh*le.  You know, what I do.  Go ahead then, get on with it.
UM:  Eric Holder
WHI:  (Repeats scrunched face look, leans back)  Ouch.  Right to it, huh?  Didn’t I tell you he’d be gone?
UM:  You did.
WHI:  And is he gone?
UM:  No – he’s still the Attorney General.
WHI:  Well there you go – kicked my ass good then.  Thanks for the reminder, son.
UM:  Can you elaborate on that?  What do you think of now when you hear the name Eric Holder?
 WHI:  I think I got my ass kicked on it.  I think some Republican f*cks forgot what a set of real brass ones feel like.  I think the American people are too f*cking pre-occupied with whatever crap it is they call livin’ to pay attention to high crimes that should have had these people run out on rails by now.  I think the people that had the power to act, didn’t.  And that is that, man.  Those people…sh*t, we gave them the leads.  We gave them the names.  They gave us sh*t.  Promises of doing something, attitude like they cared.  But in the end…hell no.  A bunch of posturing back slapping bullsh*t.  Count ‘em up yourself!  How many times we go at the DOJ?  How many times we have to?  I mean really, man?  Who gets away with this much incoming?  Before this White House, nobody.  Nobody got away with this much sh*t.  I blame Democrats and I blame Republicans, and I blame millions of Americans so dumb and stupid and lazy who have allowed this sh*t to go on like it has.  F*ck ‘em.  And I sincerely mean that, son.  F*ck ‘em.
UM:  You don’t really mean that.  Not entirely.
WHI:  You don’t think so?  This country has gone to hell.  You know it.  I know it.  The rest of ‘em – they don’t care.  So I’ll say it again – f*ck ‘em.
UM:  Maybe it’s not so much they don’t care as much as it is self preservation.  I believe almost half of the country is on some kind of federal government assistance, something the Obama administration continues to push for.
WHI: Yeah, I see what you mean there.  But some of those people, hell, a lot of those people, were looking for a way out of working all along, right?  They were still part of the problem.
UM:  Right.  What about Valerie Jarrett?  Give me a first thing comes to mind description of her.
WHI:  Not gonna do that, but I’ll give you a heads up on something about her that came my way a few weeks ago.
UM:  What’s that?
WHI:  Now this ain’t me saying it, but what I heard.  And that was that Jarrett is planning her exit from the White House.  That it’s in the works.
UM:  Her choice I assume?
WHI: Oh, hell yeah.  And I doubt she’ll be giving up her influence one bit.  Guessing it’s something to do with paving the road for her expanded role beyond the White House, which means what she’s really up to is setting up the public profiles of the president and First Lady.  They are planning on something that will outshine the Clinton Initiative stuff by billions of dollars.  It’s all money and influence for them now, nothing more.  These last eight years is all about setting up the next thirty, and Jarrett is going to be right in the middle of all of it.
UM:  Did you read my report on how Obama was the one to go to Jarrett’s house in Martha’s Vineyard not once, but twice?
WHI:  I did, and you thinking that was odd was right.  The President of the United States was openly acting like Jarrett’s b*tch.  They ain’t even trying to pretend that isn’t the case anymore.  It’s weird, but it’s what I saw, it’s what others saw, it’s what everyone inside the White House knows.  She’s the president.  Now you’ll have some people read that and think no way, that’s just not possible, and go back to sticking their heads up their asses.  No, the real deal is Valerie Jarrett is and has always been swinging the biggest stick inside this administration.  Anyone want to offer up proof otherwise, I’d love to see it.
UM:  What about Benghazi?  Where—
WHI: (interrupts) That was one of the things we weren’t going to discuss, remember?
UM:  Right…ok.  How about you explain to the readers why you won’t discuss it?
WHI:  Simple – too f*cking painful.  And I’m not just talking about the four dead Americans.  I’m talking about the thousands of dead from the weapons they’re smuggling.  I’m talking about how corrupt the disclosure process has been.  I’m talking about the complicity of the media to help cover it up.  You take the IRS, which I still think has real political heat that could burn this White House, you take the Solyndra sh*t, all the other stuff…it’s Benghazi that has me the most spooked.  That thing…you bring it up to military.  I know some, right?  They won’t discuss it.  Clam up.  Give you that “time to move on” look.  It’s weird.  And lots of people have asked where Obama was that night, right?  Not one definitive answer from the White House.  Not one.  Now I know for a fact that’s a major red flag.  White House protocol demands we…not the public, but you know, staff, they know the president’s location at all times.  Talking 24/7.  He’s in the can taking a sh*t?  We know.  But this White House is telling us they don’t really know where the President of the United States was when we have an ambassador under attack?  Bullsh*t.  And that’s what we call a sloppy cover up, which means it was rushed, which means they were panicked, which means it was a real deal serious f*ck up.
UM:  Do you think enough people in D.C. know that, and it could be the main reason behind the uptick in impeachment rumors?
WHI:  (another scrunched face look)  Impeachment?  Don’t even hold out hope for nothing like that now.  Look, I’d give up my right nut to see it happen.  I really would, but it ain’t happening, so stop wasting time and energy trying to wish it would.  Move on from that sideshow son.  Obama has his second term, he has the opportunity to pay off the investors, Holder is still locked in as the firewall, and last I checked, Obama still had that dark skin to run to every time somebody even thinks of calling him out on something.
UM:  You know, some people will consider what you just said as racist.  Using the color of his skin to get out of trouble.
WHI:  And you know what?  Those are the kind of people I’m talking about.  The ones I wish would just stop breeding, because this country can’t afford no more of that kind of stupid.  I haven’t made Obama’s skin color and issue – HE HAS.  Every damn day he’s reminding us, just in case we might of forgot, that he has dark skin, and America has been so beat down by the race guilt bullsh*t, it works.  People back off.  And that my friend, is about as dangerous a political environment as I’ve ever seen in all my life.
Oh!  Almost forgot!  Did you catch the little thing, Obama’s friend, his uh…the body man guy.  What he said about Bin Laden?  How the president was playing cards?
UM:  I did.
WHI:  That wasn’t about the Obama killing – it was about Benghazi.  It was a set up.  A test run.  You see?  Obama don’t need to always be there 24/7 during an emergency, right?  It was creating a viable excuse scenario, get it?  When I came across that story  I wasn’t thinking sh*t about Bin Laden, it was all pointing to Benghazi.  The question of where Obama was that night.  What was he doing?  That body man interview thing…that was a plant.  A set up.  I knew it as soon as I read it.  It’s trying to explain Obama’s absence at times when most people would think he was right there handling a situation.  Or trying to at least.  And now think about it.  Who is that protecting?  I mean really – who does that kind of explanation really serve?  Put it into Benghazi terms.  Who doesn’t want their name linked to whatever chain of command took place that night?
UM:  Who besides Obama?
WHI:  No, who period?  I just said, if somebody is going out there and saying the President of the United States, during times of crisis, is somebody who might step away for some time, hours, whatever, to go play f*cking cards, who is that really protecting?  It ain’t Obama, I’ll tell you that right now. Makes him look like the weak ass fool those of us who’ve seen him up close know he is.

UM:  Hillary?
WHI:  No!  Hillary?  F*ck no!  She was hardly in the loop at all on Benghazi.  Now that might have been on purpose by her own people, to keep her away from whatever bullsh*t they were doing in Libya, but I’m talking about people in the White House.  You see, you’re gonna need a sign off, a verbal at least, from the person in the White House on something like Benghazi.  So who gets cover from somebody going out and saying the president has no problem stepping away from a crisis to go play cards?  See, they’re trying to make his absence seem normal.  Who is the one who really benefits from that kind of normal?
UM: (I apologize reader – it took me too long to realize the name you’ve already likely figured out)
Valerie Jarrett.
WHI:  There you go – Valerie f*cking Jarrett.  She’s making the calls.  She’s speaking for the president.  That’s how she puts it.  “These orders are directly from the president.”  You know, something along those lines.  So when people start asking, “but where was the president?”, you see, they already have the scenario of him leaving a crisis to go play cards.  They just shrug it off.  Get the media to spin it as Obama’s cool character, right?  Man, he can just shut it off when he needs to.  Some bullsh*t like that, when the real truth is Barack Obama could give a sh*t about ambassadors or soldiers, and he doesn’t really make many of the decision anyways, so please defer to Valerie Jarrett.  It took you a bit, but you got there son, you got there.
UM:  I still have a hard time making my mind think like that.
WHI: Like what?
UM:  Like you – seeing all the angles.
WHI:  (Shakes head)  First off, if I really saw all the angles, Obama would be a one and done.  Second, seeing the world like I do ain’t all good.  It takes away a lot of the pretty and replaces it with…with meanness.  You know?   Besides, you’ve come a long ways in seeing the political sleight of hand. You’re better than most I’d say.  It makes your books a good read.  I read your first Benghazi.  Plan to get to the others soon.
UM:  Thank you.  Were you sneaking in a little book plug on my behalf there?
WHI:  You bet.  Don’t be shy about talent, son.  I mighta got my ass beat this last time around, but before then…this old boy was the sh*t.  (laughs)
UM:  How about 2014 and 2016?  Can we talk about the elections?
WHI:  Would love to.  Ask away…

END PART ONE.
PART TWO OF INTERVIEW THIS WEEK:  “2014, 2016, and Ulsterman attempts to get WHI to talk about Hillary…”

Sunday, August 25, 2013

Corvette, the next generation, is a superstar

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By Dan Neil

Chevrolet
2014 Corvette Stingray
To cut to the chase: The newly redesigned, seventh-generation Chevrolet Corvette (C7), aka Stingray, heir to Corvette’s 60-year heritage and the bannered spear of a resurgent General Motors GM +0.20% is an excellent car. Fast, authentic, tough as a rodeo steak. If you were planning to boycott GM for life, your road just got a little narrower.
Set aside the C7’s wrathful-dragonfly styling—which only the deranged won’t like—or its dead-slinky leather-wrapped cabin with glass-panel avionics and configurable graphics, or the vastly improved driver’s seat. Look down the barrel of this thing: 460 horsepower and 465 pound-feet of torque out of a 6.2-liter, naturally aspirated direct-injection, midfront-mounted aluminum pushrod V8; the weird-but-wonderful seven-speed Tremec manual gearbox with active rev-matching; and a rear transaxle with limited-slip differential and electronic torque vectoring (with the Z51 package). All that is bolted to a new, all-aluminum, glued-and-machine-welded monocoque, replacing the C6’s steel chassis, and is 100 pounds lighter and more than 50% stiffer.

Corvette: an affordable supercar

The newly redesigned, seventh-generation Chevrolet Corvette, the Stingray, heir to the sports car 60-year heritage and the bannered spear of a resurgent General Motors, is an excellent car, says Dan Neil. Photo: Chevrolet
Indeed, the new word in the Stingray’s vocabulary is “structure.” Every good thing about it—its refinement and drivability, the fine-tuning of each of the five driving modes (Eco, Normal, Winter, Sport and Track), the “sportivity,” as the Germans would call it—is thanks primarily to its new rigid cartilage of alloy tubes, panels and extrusions. This is pretty much the technology Scaglietti uses to build the monocoque of the Ferrari 458 (except that car has a stressed aluminum skin); Aston Martin, Jaguar, and Lotus use something similar. Corvette doubters are going to have to show me a better mass-production chassis that is priced anything like a new Stingray ($52,000-$70,000).
Wait, there is actually one. Anybody? The Tesla Model S.
Arcane figures about Stingray’s torsional rigidity translate in the cabin to a sense of things being tightly tamped and torqued down. That is definitely novel for Corvette. The new car is almost entirely cured of Corvette’s distinctive cowl-shake or unpleasant noise, vibration and harshness. In previous ‘Vettes, hitting a big pothole would send an undamped shudder through the structure and, if the car was cornering, it would take a moment to recompose itself and regain the trace. In the C7, such impacts are reduced to a single, tympanic thump, instantly dissipated.
In fuel-saving Eco driving mode, the Stingray can deactivate four of its eight cylinders (itself a neat trick in a cam-in-block V8), helping the base car to lope to a 30-miles-per-gallon highway mileage rating. And yet the fluttering off and on of these cylinders, in this high-compression (11.5:1) V8, is virtually undetectable.
Code, you want code? In order to better calibrate the behavior of the various adaptive driving modes (weather, eco, tour, sport and track)—modulating no less than 12 vehicle systems including the electric steering and magnetic adaptive dampers—the Stingray Z51’s 19- and 20-inch wheels (front/rear) are fitted with tiny temperature sensors, because warm tires behave differently than cold tires. But because these sensing thermocouples heat up more slowly than the air inside the tires, their signals go through a special temperature-estimating algorithm before they are processed by the driving-mode head office.
Topping the agenda for the C7 redesign was bringing the cockpit instruments and amenities into the modern age. Done and done. The optional stitched-leather upholstery is couture-soft, with elegantly graphic seams that flow around the cabin and define the driver-centric, twin-cowl layout. The Stingray—now one word instead of the historical two—features two large panel displays, one a navi/audio touch screen in the center stack, the other in the instrument panel, with adaptive graphics that fly in and out of view depending on driving mode and the driver customization. Carbon-fiber dash fascia, burnished metal trim and fresh switchgear also gussy up the place.
Other ergonomic notes: Thanks in part to the LT1 pushrod V8’s compactness in the vertical axis, the Stingray’s sculpted hood is able to slope away dramatically from the base of the windshield, improving forward sight lines. And while the Corvette’s H-point—the height of the driver/passenger’s hip above the ground—hasn’t changed much from the previous car, the new seats are quite a bit more supportive. Drivers are going to feel much less buried in the new Stingray.
This car could handle more horsepower. And it will. The Stingray going on sale soon only establishes a baseline for harder, faster, and more expensive Stingrays to come.
Number hungry? Here are some performance figures for the box-stock Stingray Z51: 0-60 mph in 3.8 seconds, ¼-mile pace of 12.0 seconds; in excess of 1-g lateral acceleration (cornering grip); 60-0 mph in 107 feet; a top speed of 190 mph. The Z51 (which is $2,800 extra) with the Track Pack weighs 3,290 pounds. Those numbers put the Stingray snout-to-snout with the Porsche 911 Carrera S with PDK and the deliriously caddish Jaguar F-Type V8, while costing roughly $30,000 less than either. I assure you the Porsche and Jaguar people aren’t amused.
On open roads, the Stingray is an athletic sport tourer. Ride quality varies from firm to flinty, depending on the drive mode. In Track mode, the steering is heavy and nicely twitchy, with lots of tire feedback coursing up through the super-stiff steering-rack assembly to a small, racy steering wheel. The C7 is the first Corvette to have a 50/50 weight distribution, and it proves itself a willing and happy rear-steerer. You can walk the rear end out with a dose of horsepower when exiting a corner, and you can induce a very easy, very catchable oversteer with a trailing throttle.
This car could handle more horsepower. And it will. The Stingray going on sale soon only establishes a baseline for harder, faster, and more expensive Stingrays to come.
It carries four golf bags. Its exhaust burbles with debonair masculinity at moderate speeds and, when the sport exhaust’s bypass valves are open, it roars and cackles like Satan in Faust. Even the chief engineer’s name—Tadge Juechter—is futuristic.
With the C7, Chevrolet has hit the Reset button with a sledgehammer. I think it is a great car, and I’m proud it is an American product. So there!
And yet it was only the second-coolest Corvette I saw in California over the weekend.
Like car makers will do, Chevrolet took advantage of last week’s classic-car event at Monterey to stage its Stingray media-drive at a nearby airport. I went to test the Corvette and—he noted, glorying shamelessly—to be an honorary judge at Sunday’s Pebble Beach Concours d’Elegance, the world’s greatest classic-car show, around which has grown the world’s most expensive traffic jam.
Back at the hangar, Chevrolet staffers had lined up six snow-white Corvettes, unblemished examples of each generation—vestal ‘Vettes, if you like—for the scribes to study and compare. I took a seat in a fairly representative C2 Coupe (’66, 427 Big Block, I think), with GM styling chief Ed Welburn chatting over my shoulder.

General Motors
Topping the agenda for the C7 redesign was bringing the cockpit instruments and amenities into the modern age.
And my mind was blown all over again. I’ll spare you the history about GM design chief Bill Mitchell and his colleagues Zora Arkus-Duntov, Pete Brock and Larry Shinoda—part of the team at GM that created the C2 Sting Ray (1963-1967). This much about the C2 is indisputable: First, it is the perfect design, never surpassed in sophistication or aggression by any postwar sports car on either side of the Atlantic—not Ferrari, not Maserati, not Lamborghini, no way.
Second, C2 Sting Ray was created a long time ago and in a wildly different commercial and technical milieu; invoking the name for the modern car carries the hazard of overreaching.
And third, the C7 isn’t the C2. It couldn’t hope to be. As the decades pass, the C2 continues to assert itself as one of the signal examples of American industrial design: a Chrysler Building, a Fallingwater, an iPhone. I find it incredible that the Smithsonian Institution doesn’t have a 1963 split-window C2 in its collection. You can pick a good one up at auction for less than $150,000.
For the rest of us, a new Stingray will do just fine. 

Sunday, August 18, 2013

Food: Walking the Breadline

Food: Walking the Breadline
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Over half a million people in the UK are resorting to going to the bank all over the country today. But, it’s not just any old bank in the high street down in some borough of the East End of London. It’s the food banks that are popping up all over the place, even in affluent areas amongst the tree-lined squares where the posh au-pairs languish over frothy lattes and even the hired help do their groceries at the local delicatessen tucked away in some secluded cul-de-sac.
The UK has a problem. No, correction the UK has many problems at the present time economically and socially-peaking, but one of the major problems is the complete failure of the social safety net of the inventors of the welfare state and the national health system that inspired hundreds of countries around the world. There is little else that is growing in the UK at the moment, but one thing is growing beyond all expectations is: food aid.
Food Inflation

Food Inflation
Research carried out by the British charity, the Trussell Trust in conjunction with the Citizens’ Advice Bureau points to the fact that 50% of those that are today using food banks are having to do so because benefit payments and financial aid that is provided by the government has either been withdrawn or is being substantially delayed. But one thing is for certain, some might be happy that the state is cutting back on providing benefits for people that are financially worse off. But, when it ultimately boils down to it, it’s still people in society that are having to fork out to pay for what the state has decided to stop giving.
When the state cuts down on benefits, those people go to charities and to the food banks to live. The charities and the food banks ask you and me to provide donations so that they can run those organizations and dish out the meager portions each week to the needy. The state is shirking on its duties and just passing the buck onto someone else. But, when all is said and done, it’s still the same old people that end up paying for the ones that don’t have enough.
Access to food in our Western societies, one might have imagined, should have been a basic right. It no longer is.

Food Poor

Food Bank

Food Bank
It’s not just the delay in benefit payments and withdrawals that are causing problems but also the fact that there are rising numbers of people who are unemployed and also underemployed in the UK. That means that incomes are falling and the food prices are also increasing at the same time.
  • It is hardly surprising that there are more and more going to get food aid when the bottom 10% of the people who earn salaries in the UK are being hit7 times harder than those in the top 10% income brackets by the public spending measures being taken.
  • But, granted it is hardly the top ten that get the hand-outs from the state.
  • The National Minimum Wage in the UK has risen by 12.1% in the last fiveyears.
  • But that is over two times less than the increase in food prices in the country, which has now reached 30.5%over the same period.
  • While things tended to become cheaper in the immediate wake of the financial crisis, hikes in food prices kicked in between October 2008 and January 2009 around the world and have not let up on the rise since that time.
  • Globally food prices increased in 2007 to 2008 by 58%!
  • Food prices in the US are expected to increase by 3-4% across the board in 2014 alone due to severe droughts and adverse weather conditions in the country this year (according to the Department of Agriculture).
  • However, some predict that prices may rise by up to 5% next year.
  • It will take approximately 9 months for the prices that are experienced right now to filter into the high street shops and have an effect on the consumer.
  • Prices will increase by 2.5-3.5% in 2013.
  • Beef prices will increase by 5% (due to the lack of corn).
  • Corn has increased already by 50% this year.
  • Chicken will increase by 14.3%.
Corn Prices Up!

Corn Prices Up!
Corn Prices Up!
Corn is lacking and seems central to the production of our food, having a knock-on effect on our cattle and poultry, for example.
  • But, it is also the US policy of ethanol production that is having an effect on the uses that corn is put to.
  • 40.6% of corn is today diverted from the food chain for fuel production.
  • There are also the growing middle-classes in China and India that are having an effect on the demand of meat (requiring vast quantities of corn).
  • 50% more food will be needed in the world by 2030.
  • Farmland is being bought up and transformed into residential areas to fuel the demand for housing.
  • Or rather, fuelling the desire to build (whether or not that housing gets sold is another matter).
  • 35% of production of corn is destroyed due to bad pest control and diseases.
  • Energy-price increases have also resulted in higher food prices as well as political unrest in certain areas (Egypt’s current problem of unrest will result most certainly in an increase in wheat, for example).

Food for Thought: The Fed

But just as in the UK, the USA placed more attention on prioritizing unemployment in the hope that it would be the answer to all their problems economically-speaking. Inflation became secondary and has been since Quantitative Easing has been in place. Purchasing $85 billion in Treasury securities each month in the hope that the low long-term interest rates will boost sending and investment and increase borrowing was much more important. Reaching less than 6.5% unemployment is a national priority according to the Federal Reserve. But, in the meantime, prices are allowed to increase with little worry.
Americans fork out 8.6% of their incomes on average on food. On top of that 5.7% goes to restaurants and snack bars.

The Other Side of the Coin

It hardly seems fair when the majority of multinationals are avoiding paying their taxes and the wealthy are getting their money out to safe havens.
  • It has been estimated that the quantity of money that is held in off-shore bank accounts by UK residents currently stands at about £355 billion today.
  • Approximately £298 billion is left undeclared to the tax office the UK (HM Revenue and Customs).
  • It is also estimated that this sum (with a rate of 6.2% on investment return and the Capital Gains Tax in the UK of28%) would bring in the princely sum of £5.2 billion.
David Cameron made some marketably spinning declarations in the few days before he took the hot seat as President of the G8 summit in June 2013 in Lough Lerne, Northern Ireland. EU loss of revenue from tax havens stands at somewhere in the region of $21 to $32 trillion today as it is stashed away somewhere in a tax haven in the world (many of which are British overseas territories, anyway: BermudaJerseyGuernseyGibraltar, the Cayman Islands to name but just a mere few).

Conclusions

One thing is for certain: the Federal Reserve will certainly have a tougher job turning a blind eye to the increases in food prices that will be hitting the country within the next few months at an alarming rate. The Fed will have great difficulty in telling us all that inflation doesn’t matter, even when the figures that they use exclude food prices (since they can rise and fall relatively quickly and may distort the picture of overall inflation). Core inflation, however, does not tell us the full picture and is not at all representative of the prices we’re paying when we walk into the grocery store. With unemployment still at 7.4% it seems that the focus will still be on that side of things rather than on controlling inflation. Will there be growing numbers of Americans on food aid like in the UK in months to come? Perhaps we should also question who exactly is getting the benefits from the hike in food prices. Granted the state is cutting back on measures that provide people with money, and the weather has had an adverse effect on the production of certain foodstuffs. But, someone is getting the money somewhere, aren’t they? I wonder where the money ends up.
Just how much are we prepared to pay for our food today before we do something that will change that? How many of us will be walking that breadline? 

Saturday, August 17, 2013

Google outage reportedly caused big drop in global traffic

Google outage reportedly caused big drop in global traffic

Most Google services, including search, were down for a few minutes Friday, prompting much of the Internet to start the weekend early ... and then quickly change its mind.
(Credit: CNET)
For a very brief few minutes on Friday you may have noticed some Google services, most notably search, appeared to be down. If not, maybe you noticed the ensuing freak-out across Twitter and the rest of the Internet.
At first glance the flash outage was little more than an opportunity for a few good one-liners and a chance to actually stand up from the keyboard and walk around for a few minutes. If we had connected nanobots floating around in our bloodstreams, certainly they would have registered a worldwide uptick in caffeine intake during those few moments.
As it turns out though, Google's downtime did appear to have global, measurable repercussions according to analytics firm GoSquared, which estimates that it caused a 40 percent drop in global traffic during a five-minute window:
Google.com was down for a few minutes between 23:52 and 23:57 BST on 16th August 2013. This had a huge effect in the number of pageviews coming into GoSquared's real-time tracking - around a 40% drop, as this graph of our global pageviews per minute shows. That's huge. As internet users, our reliance on google.com being up is huge. It's also of note that pageviews spiked shortly afterwards, as users managed to get to their destination.
(Credit: GoSquared)
Google has acknowledged the outage, which it says has been resolved. The official downtime according to a Google status page was between 1 and 5 minutes.
In related news, Bing and Yahoo still exist, but apparently failed to find a way to target their marketing to Google users during the outage.
Updated at 8:05 pm to correct the duration of the outage reported by Google.
Originally posted at Crave