Free Markets, Free People

Daily Archives: May 31, 2013

Economic Statistics

Here are today’s statistics on the state of the economy. And yesterday’s too, since a family emergency kept me from posting them.

1st Quarter GDP was revised downwards to a 2.4% annualized growth rate. The GDP Price index also dropped to a 1.1% annual rate.

Initial jobless claims rose 10,000 to 354,000. The 4-week average rose 6,750 to 347,250. Continuing claims rose 63,000 to 2.986 million.

Corporate profits in the first quarter fell -4.0% to $1.738 trillion annualized.

The Bloomberg Consumer Comfort Index held at a near 5-year high at -29.7.

The Pending Home Sales Index rose a worse-than-expected 0.3% to 106.0 due to supply constraints.

The Fed reports the weekly M@ money supply fell -11.9 billion.

Personal income was unchanged in April, while spending fell -0.2%. The PCE price index fell -0.3% while the core rate was unchanged. On a year-over-year basis, income and spending were up 2.8%, while the PCE price index rose 0.7% at the headline level, and 1.1% at the core.

The Chicago Purchasing managers index rose sharply to 58.7 in May.

The Reuters/University of Michigan’s consumer sentiment index improved to 84.5 in May.

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Dale Franks
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I get email…

I get a lot of email from that link over on the left side of this site. Interesting conversations, offers to review books, and the like are welcome and worthwhile. 

But spammers are everywhere, so 98%+ of it is an amazing variety of worthless trash. Perhaps even more amazing (and frustrating) is that much of it slips right through even the best spam filters, probably because it’s about politics instead of bobbydangler enlargement.

A warning if you’re ever considering doing political blogging and exposing your email address: the CAN-SPAM act has an exemption for certain political purposes. In particular, if Senator Bigslush ever gets your email address, he is free to send you whatever he likes until the end of time, or until he gets pushed out of office, whichever comes first. He probably won’t include an opt-out link. He has about as much consideration for your time as you would expect a DC politician to have. He probably thinks you get a charge from getting an email headed with "From the Office of Senator Ben Dover Bigslush".

Many political lobbying groups construe themselves to be exempted from CAN-SPAN as well. On top of that they pass email lists around like addicts sharing needles. Like true spammers everywhere, they don’t really give a damn whether you have any interest in their message. So when the crack whore next to them passes on your email address, you’ll start getting "press releases" about "sustainable wind farms" or other science fiction, whether you like it or not.

Media sites also engage in the spamming game. Politico is one of the worst; I’ve blocked them more times than I can count, and noticed a new round from them just this week. It starts “Good Morning! Here are today’s top POLITICO stories. Thanks, Stacy”, with no unsubscribe link of course.

Fortunately, gmail allows various ways to block such messages. For the politicians, I use easily constructed filters. I have 85 of those filters at last count. The science fiction “press releases” get marked as spam.

Then there are the PR flacks. A few are borderline acceptable. I’m not interested in an interview with the Director of Mining Affairs for Outer Framistan, but I could see where others might be.

Moving further into bottom-feeding territory, there are the search engine optimization (SEO) sharks. The people running these companies are some of the most contemptible in the Internet industry.

One of their annoying techniques is to pretend they’re doing me a favor. Their usual form is offering a "guest post", which strikes me as a strange way to say "unpaid advertisement".

Many of their messages are bot-generated, which does open up some humor possibilities. The blog Popehat often takes on these parasites, and recounts some of the nonsensical results. Here’s a small sample:

I would like to inquire re: your interest in blog post submissions. My associates and I have wide range of experience in many areas. I believe we can offer you web traffic driving articles of interest to your readers, on topics such as PONY , _INSURANCE , and FIRST AMENDMENT OPPONENT. Also of interest may be PONY VICTIM COUNSELING , MENTAL HEALTH , CRAZY FUCK!NG LAWYER, and BRONY PSYCHOLOGY .

These clumsy online marketing efforts typically offer slavish, insincere praise on what a great blog we have. Well, yeah, ours really is. But they don’t know us from a blog about knitting mittens for cats, because the only reason anyone connected with them ever visited the site was to harvest our email addresses.

These link whores also have another annoying characteristic. They usually send a helpful follow up spam message a few days later to make sure I saw their first spam message.

In some respects, that makes them worse than spammers for fake embiggening pills. Those guys rarely send messages that read "I wanted to make sure you got my last message about how much you must need a bigger bobbydangler."

Another SEO ploy is offering to purchase ad space – at rates so low that the time spent on paperwork won’t be recovered until sometime in 2025. The real bottom feeding vermin offer link exchanges: "I’m sure you are eager to link your site, which attracts thousands of page views a day, to my site, which gets five views a week, all from deceptive search results on Google." I completely understand and even appreciate such a request from another political blog, but not from people with the morals of a snapping turtle.

I love political blogging and wish I had more time for it. Dealing with various sorts of spammer is a small price to pay, and good email tools handle a lot of the load.

It does bother me, though, to realize that there is an entire range of people out there, from pompous politicians to media sites like Politico to SEO con artists, who have no compunction whatsoever about wasting the time of anyone they can find to annoy.