The Consumer Price Index rose 0.1% in July, at both the headline and core level. On a year-over-year basis, the CPI is up 2.0% at the headline level, and up 1.9% less food and energy.
July housing starts jumped 15.7%, to a 1.093 million annual rate.
ICSC-Goldman reports weekly retail sales fell -1.3%, but were up a strong 3.8%% on a year-over-year basis. Redbook, meanwhile, reports a slowing to 3.7% in retail sales over last year, compared to 4.8% last week.
But not that much.
Because it is a re-run. In fact, it’s a re-run of a re-run. A re-make if you prefer. The same-old, same-old.
It is so predictable that you could set up a timeline and be pretty sure that you’d be 90% right.
It begins like this:
Incident occurs. In this case, black teenager, white cop (template says black/white with black the victim). Tensions build. Protests erupt and violence ensues.
Then the real problem occurs.
Before everything can be sorted out and calmed down, the media shows up.
Of course, as soon as the media grows enough to include national outlets, the professional race baiters are soon to follow. Right on their heels the other opportunists arrive – the anarchists, communists, community activists, agitators and looters. And soon the circus is in full swing.
Rumor is published as fact. Hate rages from both sides. Social media is inundated with trash talk, nonsense and stupidity aided and abetted by an agenda driven media. Death threats, threats of violence, racial hate and other garbage flows like a river. Anchors from the national outlets put on their safari jackets (or now I guess it’s their protective vests and helmets) and get cameo shots near the protests to certify their “bona fides” as brave news men and women. Irresponsibility and immaturity on all sides rules the day.
Former CNN anchor and Fox News Channel’s “MediaBuzz” host Howie Kurtz criticized some outlets for creating “almost a lynch mob mentality” in Ferguson, MO in the wake of the shooting death of Michael Brown.
“Some liberal outlets [are] creating almost a lynch mob mentality around this, the Huffington Post today, screaming banner headline ‘Arrest Him.’ Now, the Huffington Post, nor you or I, knows exactly what happened” he said. And “when you cross that line into becoming an advocate and to demanding that somebody be prosecuted before the facts are in, while the investigation is going on, you’re grandstanding, you’re trying to keep the story alive and I really think it’s troubling.”
Kurtz also criticized CNN for showing the house of accused officer Darren Wilson, stating, “It defies my understanding how you could put his life or the life of his family in danger by even briefly showing the house or naming the street.”
When it all finally sorts itself out, we’ll likely find that the problem wasn’t necessarily about race, didn’t conform to any of the preconceived notions presented by the press (like, you know, “George Zimmerman” wasn’t white) and wasn’t any of the nonsense the “experts” opined endlessly about.
It was an unfortunate incident that needs to be addressed, but hasn’t had the chance to be addressed. And now the DoJ has decided the Civil Rights division needs to be involved along with 40 or so FBI agents. And the governor has sent in the National Guard.
Is there an injustice here? Possibly, but I don’t know yet. I’d go as far as to say probably, but again, I don’t know. I do know that it points to a growing trend of over-policing that I attribute to a seeming change in philosophy among police departments. Police, in many cases, seem to escalate a situation instead of defusing it. That needs to be reversed, in my opinion. But I certainly don’t know if this officer would have acted any differently if the teenager had been white. Nor do I yet know whether his actions were warranted or not (which is why we impanel juries and have evidence presented in cases like this). And neither does anyone else.
But in the street theater all of this has become, that’s likely to be lost in the shuffle.
In other words, this is the Trayvon Martin template redux with nightly violence added for variety.
Formulaic, predictable and disgusting. But that’s how we do it in America today.
I don’t think anyone would attempt to persuade us that “feminism” is a product of the right. In fact, most feminists would argue that feminism is necessary because of the right … and men, of course. Feminism began on the left as a fairly benignly defined movement: “the advocacy of women’s rights on the grounds of political, social, and economic equality to men.”
Of course, that didn’t last long and feminism evolved and began characterizing women as victims – victims of men, the “system”, the “patriarchy, etc. because, well, men controlled everything (the fact that technology had advanced to a point that women were more able to participate in a vast number of more areas of life than previously, and that as such, the culture needed to go through a natural evolutionary cycle to adapt to that apparently never occurred to them) and that was bad. And as it built up the cult of victimhood and focused on men – well, except for Bill Clinton or any other useful man on the left – it became more militant and radical. Men went from being partners to necessary evils to just plain evil. Stereotypes of the “typical male” became etched in the concrete of their dogma as “the truth”. “All sex is rape” and “a woman needs a man like a fish needs a bicycle” became popular catch phrases that were representative of their developing creed as the movement morphed from one to gain equal rights to one that essentially declared war on men. It wasn’t about equality anymore, it was about rejection of men and everything they stood for. Men, to radical feminists, were the problem … and although never said, it was clear most of the radical feminists would be quite happy if men were essentially eliminated.
Well rejoice radfems, one of your ilk has spoken what you have dared not say outloud. The reason you’ve not said it becomes clear when you realize the natural end state of radical feminism and how it has to be achieved, at least according to this fembot. She outlines the “utopian” vision of the radical feminist movement – and trust me there’s nothing about equality involved. Instead it is filled with ignorance – one which imagines the “state” as the ultimate tool necessary for radfems to change the world into what this silly woman imagines would be a utopia. What is interesting to note is what would have to happen for this “utopia” to evolve. Yes, I know it is extraordinarily far-fetched and absurd, but then we can point to many current and past ideologies – all pointed at their own brand of “utopia” – that somehow gained credence and backing to establish itself, much to the detriment of those who were identified as “enemies” of the ideology.
Anyway the point is this particular nonsense is a good example of how leftist ideologies usually imagine their ascendence. It is through the state and their control of it. The state is their tool, their ideology is the weapon and the individual – well individuals don’t exist for these ideologies. They become nothing more than pawns to be used as necessary for the “good of society” and the collective as a whole.
What you’ll read will seem radical as hell, which is why it is so perfect for the point – you don’t have to explain subtlety here – there is none. It is pure elitist power and abuse wrapped up in what this person hopes is a benign description that shows those who can read between the lines what extent and what horrors radicals on the left would set in motion to accomplish their “utopia”:
VICE: I assume The Ratio refers to your belief the male population should be reduced to between by 90 percent.
The Femitheist: I believe that conventional equality, with a 50/50 female-to-male ratio, is an inferior system. Essentially my ideas lead to men being made a special class—a far more valued class—having choice of a myriad of women due to the difference in sex ratio. That is my intention. Men would be made more valuable, and their quality of life would be dramatically improved. They would have a subsidised existence if you will, akin to going on an all-expenses paid vacation that lasts from birth to death.
Assuming people are down for that, how could you reduce the male population by that much? Are you talking culling or selective breeding over years?
Obviously men comprise a substantial portion of the victims of violent crime and participate heavily in war, so there will always be deaths there—but certainly not culling. I don’t advocate selective slaughter or brutal processes.
The first thing to notice in this word salad is she claims not to want to do anything via a selective slaughter or anything. How nice. Stereotypical men will kill themselves off and aid in their extermination. Also, note the characterization of those men who are left (if you’re confused, she wants only 1 to 10% men and 90 to 99% women as the “proper ratio) as “more valuable” and that the “quality of life” would improve.
Yup, and they said the Jews were going to work camps where they’d be properly looked after in 1939, didn’t they? “Arbeit macht frei”! This is all about the “selling” of the idea and easing the victims of the ideology into the cattle cars without a disturbance.
She says the way to ensure the ratio is reached and maintained is through genetic manipulation and abortion. Any guess as to what would manage and mandate that process?
Another role for the state?
It’ll require the re-teaching of everyone—female and male—in classrooms, homes, through literature, media, art, and networks. It is a process that would take decades, generations, and perhaps even a few centuries. Nevertheless, these are things that should be done to forge a new and vastly superior world.
Vastly superior because, well you know, the self-appointed elite certainly have been successful creating “vastly superior” societies in the past, haven’t they?
Would men be kept in isolation like stud horses?
I believe we must remove men from the community and place them in their own specific sections of society, akin to subsidised or state-funded reservations, so they can be redefined. We can make not only men safer, but women as well. By subsidising said reservations through the state we can provide men with activities, healthcare, entertainment, shelter, protection, and everything that one could ever require in life. This will remove conventional inequality from society. By reducing the number of men to 10 percent of the total population, their socio-biovalue will be raised. They will live out their lives happily and safely, and male disposability will be a thing of the past.
She knows this is true because, well, because it is obvious she knows so much about men … not. Stereotypically all men want is “sex, beer and a TV”. Man has never striven for anything else and would obviously be content to be penned up and have their needs serviced. History is bereft of examples of men striving for or wanting anything more. No mention, of course, of what the “state” would do to those men who chafe at these restrictions and want more out of life. Of course since they are reduced to a life of nothing more that of a stud horse, it is obvious that their place in any human society is substantially below that of the women in that society. I.e. they’re the “harem” for the women who run the world.
Are you ready for the dismissal of the individual and the one-size-fits-all solution so common to these leftist dream-worlds?
What about the ambitions of the individual? Some men may aspire to more than luxury breeding pens.
Some would argue it would be a dystopian world because it wouldn’t be free in the present conventional sense. However that is misguided. It will be utopian because it will be a world almost without conflict where people cooperate and are treated properly within a well-engineered and long-forged system. If everything is great for almost everyone the point is null. Survival and socio-organic wellbeing are the most important elements in life. Diversity of principles and standards is only necessary in a world of multiple nations, cultures, societies, and religions due to fear of oppression. So, how is this world any better? Because some people have potential opportunities to do certain things?
That’s kind of depressing.
The purpose of living is merely to persist and perpetuate our species. If someone is willing to give you all you require to survive and live comfortably, simply because you exist, then you have already achieved all that truly matters.
Kind of depressing? It is staggeringly stupid not to mention incredibly oppressive. And how about the redefinition of the “purpose of living”? That’s all? That’s all there is? Well, except for the elite (among which she would likely place herself). That’s not the sole purpose of their being – they live to control you and achieve “utopia” … their utopia. You drones just need to fall in line and procreate.
And what about the “family” in this matriarchal wonder world:
Doesn’t all this dismiss the notion of companionship and the family unit?
Heterosexual companionship and the nuclear family model, yes.
What do you propose as alternatives?
Children should be raised communally and by the state. The nuclear family model is a breeding ground of deceptions, mediocrities, treacheries, hypocrisy, and violence. It needs to be abolished. Bigotry, prejudice, and antiquated convictions are passed down through each generation. The conventional family unit indoctrinates our youth and drains them of their potential. My solution would be to assign children caretakers whose task would simply be to provide shelter, food, clothing, and protection for each child—all of which would be yielded by the state. Perfect girls will be conceived, developed, and engineered in state-owned breeding centers. They will be bound together in a communal venue under the instruction and control of female savants.
It takes a village, baby. A female village. No males allowed – well except those allowed to be born to repopulate the stud farm and they’ll be completely indoctrinated by the time they reach puberty. Perfect girls in state-owned breeding centers … what more could you ask for?
Now you’re probably saying that this is so far fetched that it would never stand a chance of ever being established or condoned. Why even waste time on it?
Well, I’d simply point you toward Nazism of the past century and say, “BS”. It is the same plan with a twist. Nazis also wanted a perfect society (they just wanted “Aryans”, not just women), they too believed everyone belonged to the state, they also pushed selective “breeding” (rewarding Aryan couples for having children and euthanizing the retarded and deformed), and through their Hitler Youth program, the state took on the total indoctrination of the youth for it’s own purposes (rat on your folks, get a reward). They even had a program to weed out the undesirable from society. In this woman’s case, it is men. Then it was Jews, gypsies, homosexuals, slavs and political enemies. So yeah, this is a rehash of the Nazi “utopia” with a twist. Instead of the “final solution” we get the “90% solution”.
No one said the left was original. And for the most part, it may be horrifically ignorant of history. But it is persistent. And that is the danger of people like this. You never know when the events of history will converge as they did in Germany so many decades ago, to make an ideology seem “fresh” and “good” again.
The Producer Price Index for total final demand slowed to 0.1% in July. Prices excluding food & energy rose 0.2%. Prices excluding food, energy, and trade services increased 0.2%. Prices for goods were unchanged, while services rose 0.1%. On a seasonally adjusted year-ago basis, PPI final demand was up 1.7 %. Excluding food & energy, PPI final demand was up 1.6%.
The New York Fed’s Empire State Manufacturing Survey fell to 14.69 in August vs. 25.60 in July.
Net foreign demand for long-term U.S. securities fell to $-30.2 billion in June. Foreign accounts were heavy sellers of Treasuries and corporate bonds.
Industrial production in July rose 0.4%, while capacity utilization in the nation’s factories rose 0.1% to 79.2%.
The Reuters/University of Michigan’s consumer sentiment index in August fell -2.6 points to 79.2.
E-commerce sales rose a very sharp 4.9% in the second quarter of 2014, compared to 3.3% in the first quarter.
The podcast can be heard in different ways:
- Play on Stitcher. (Please remember the feed may take a couple of hours to update after this is first posted.)
- Direct link to the MP3 file.
- RSS reader via the is podcast RSS Feed.
Scott Erb commented in Bruce’s post, which is aptly titled, “Delusional”. Speaking of delusional, here is Prof. Erb’s comment. Ready it slowly. Caress it with your mind. Savor the overweening self-righteousness of it before I respond:
Apparently you choose to delete my replies rather than post them. Not surprising. You know I’m right and have predicted all this, and you aren’t honorable enough to post those statements. OK – you’ll delete this too, I’m sure. That proves to me that you know I’ve been right, and you’re too scared, chicken and dishonest to allow it on your website. Thank God you don’t have the responsibility to teach or impact the next generation. By deleting my posts you prove that you’re scared of the truth. I pity you, but know that you’re passing – your way of thinking is of the past, and will soon be gone. My way of thinking is winning the cultural war. And you know it! Thank you for admitting defeat by deleting my responses. You’re scared of the truth! It’s very satisfying that you decided to delete – that proves to me you know I’m right! 🙂
This is a serious accusation, and, as such, deserves a front-page response.
Dear Prof. Erb;
Delete this comment? Oh, no, I have no intention of doing that. Indeed, I am putting it out where everyone can see it.
In case you haven’t been reading the blog, we had to transfer the web site to a different hosting plan. I’ve been writing about it since Friday.
This transfer process means that the WordPress MySQL database containing all the content has to be exported. After that, the domain has to be transferred from the old IP Address to the new one, which starts the process of propagating the server change to the Internet, worldwide, through the DNS system. As a result of this unavoidably lengthy process, several hours pass between the time the site content’s database is copied over and users are directed to the new web site. A lot of people who commented during this process also lost their comments, because those comments didn’t exist when the database was transferred to a new server. I left a post (still available until sometime tonight) at the top of the old site yesterday warning that this would happen. So, sadly, you’ll have to temper your satisfaction with the the knowledge that you were not, in fact, the victim of a nefarious scheme. I didn’t even know you had commented, and the loss of your–and everyone else’s–comments after yesterday morning was due entirely to the timing issues inherent in transferring an existing database-driven web site to a new web hosting system.
The truth is that neither Bruce nor I care enough about your turgid literary ejaculations to take the effort of going into the admin section, finding them, and deleting them. If either of us really cared about your doltish ramblings and their <sarcasm>devastating effects</sarcasm>, we’d simply ban you from commenting. That takes even less trouble than finding and deleting your moronic screeds, and we don’t even care enough about you to do that. Why would you possibly think that, after years of freely allowing you to infest the comments section, we would pick those particular comments to delete? Perhaps you felt that they shone with particularly blinding beacons of your brilliance, to which our only possible response could be to delete them, before the shining rays of your genius corrupted our entire weltanschauung. If so, it must be particularly irksome to know that your uniquely gifted wisdom was lost due to unavoidable technical issues. Perhaps you should consult a professional about these feelings of persecution, though. Failing that, you might simply get over yourself.
Oh, and as a professor of business at an accredited, non-profit, 4-year university, I do, In fact, “teach or impact the next generation.” Indeed, I have been employed in formal classroom instruction and curriculum development in the military, government, private industry, and academia since 1987. So, sadly, your academic superiority trump card, pathetic as it is, is certainly not applicable to me. Think of it: every term I have a new crop of students to “teach or impact”, as I toil away in the fields of academe. Where is your God now?
Your comments above amply demonstrate the monumentally smug self-regard and intellectual imperviousness to reality that causes so many of our commenters to react badly to you. Certainly, it usually causes me to spurn you as I would spurn a rabid dog. Happily, the self-importance and ignorance of your comment, coupled with its wildly inaccurate allegations, made it too precious to ignore. I would even go so far as to call it “classic Erb” in its grandiose wrongness in every material aspect.
By the way, why are you commenting here? I’m pretty sure you promised to go away and never come back a while ago. A man should keep his word. Anyway, if you had a shred of decency, and something more than a Rain Man-like grasp of human interaction, you’d apologize abjectly to me for this unfounded accusation.
I missed yesterday’s stats, since I was building the new site. So, let’s catch up.
The MBA reports that mortgage applications fell -2.7% last week. Purchases were down -1.0% and re-fis fell -4.0%.
July retail sales were unchanged in July. retail sales less autos, and retail sales less autos and gas both rose 0.1%.
The Atlanta Fed’s Business Inflation Expectations survey for July reports businesses expect unit costs to rise 2.0% in the next 12 months.
June business inventories rose 0.4%, but a weaker 0.3% sales increase left the stock-to-sales ratio unchanged at 1.29.
Weekly initial jobless claims rose 21,000 to 311,000. The 4-week average rose 2,250 to 295,750. Continuing claims rose 25,000 to 2.544 million.
Import prices fell -0.2% in July, while export prices were unchanged. On a year-over-year basis, import prices rose 1.0% while export prices rose 0.4%.
The Bloomberg Consumer Comfort Index rose for the first time in three weeks, up 0.6 points to 36.8 in the latest week.
The Fed’s balance sheet rose $21.8 billion last week, with total assets of $4.432 trillion. Total reserve bank credit rose by $11.5 billion.
The Fed reports that M2 money supply shrank by $-34.4 billion in the latest week.
You know you’ve lost respect in the world when the French Foreign Minister calls you out and tells you to do your job:
French Foreign Minister Laurent Fabius has a message about Iraq for Barack Obama: Get back to the White House and do something.
‘I know it is the holiday period in our Western countries,’ Fabius told a radio interviewer Tuesday in France,’ but when people are dying, you must come back from vacation.’
This is just another in a series of disrespectful utterings from foreign leaders about our current resident of the White House. And yes, it’s about leadership, something our current president does his best to avoid.
Senior U.S. officials describe the threat posed by the Islamic State in chilling terms, but they have mounted a decidedly modest military campaign to check its advance through northern Iraq.
The radical Islamist organization has attracted more fighters, controls more territory and has access to a larger stream of money than al-Qaeda did before the attacks of Sept. 11, 2001, according to U.S. officials and terrorism experts. Its refusal to rein in its brand of rampant violence accounts in part for its break from the better-known terrorist group.
“This is serious business,” Secretary of State John F. Kerry told reporters earlier this week. “I think the world is beginning to come to grips with the degree to which this is unacceptable.”
I think much of the world came to grips with it on 9/11. It is primarily our current leadership that has yet to come to grips with it, attempting to play down the seriousness of the situation by characterizing ISIS as the “jay vee” squad of terrorists. Of course, that’s just ignorant rubbish.
So far, though, the Obama administration’s response to the group’s blitzkrieg through northern Iraq has been defined primarily by the limits it has placed on the U.S. military’s intervention.
The disconnect between the unnerving assessments of the Islamic State and the apparent lack of urgency in confronting it reflects a mix of political and military constraints. Among them are no clear military strategy for reversing the group’s recent territorial gains, a war-weariness that pervades the Obama administration and the country, and significant uncertainty about the extent to which the Islamic State is prepared to morph from a regional force into a transnational terrorist threat that could target Europe and the United States.
This goes back to my previous post about the West’s unwillingness (and certainly this administration is clearly unwilling) to do what is necessary to confront and defeat radical Islam. In the case of a growing and violent ISIS, this is the time and place you do that. It is a “nip it in the bud” moment.
Instead we have President Dither talking about what he won’t do. And what he has done, a couple of airstrikes, is about as impressive and daunting to ISIS as taking a BB gun to a charging grizzly.
But the ongoing U.S. airstrikes are equally notable for what they have not tried to do. U.S. military officials have emphasized that the strikes are not designed to reverse the gains Sunni extremist fighters have made.
“We’ve had a very temporary effect,” Lt. Gen. William Mayville, a senior Army officer on the Joint Staff, told reporters this week.
It’s called “weakness”, boys and girls. And in the anarchy of the international arena that sort of weakness creates opportunities for other power brokers. In this case, ISIS continues to thumb its nose at all, brutally butcher all those who it finds that live outsides its narrow, radical creed and cares not a whit what the West thinks, since it is pretty darn sure it won’t do anything about it.
In fact, Obama’s “plan” is a lot like his plan for the SOFA agreement that failed. Offer help only if certain political conditions are met that are, frankly, not going to happen – at least not in the near future (the CIA says it would take “years”):
President Obama, who campaigned on ending the wars in Iraq and Afghanistan, has repeatedly said that a U.S. presence of that size in Iraq isn’t under consideration. “American combat troops will not be returning to fight in Iraq, because there’s no American military solution to the larger crisis in Iraq,” he said.
With that in mind, the Obama administration has held off on more aggressive intervention plans, pledging in recent days to expand U.S. military involvement if the Baghdad government can show progress on including Sunnis and Kurds.
So he’s effectively put himself in a position to blame his inaction on the Iraqis, just as he did with the SOFA agreement.
Meanwhile the sycophants here claim that Obama is acting with restraint and wisely. In fact, he’s in his usual mode of indecision and dithering. He stands around with his thumb up his posterior while his buffoon of a Secretary of State states the obvious – this is “unacceptable”. But apparently not unacceptable enough to actually do something about it.
But, as we’ve all learned, in Obama’s world, words equal action, so calling it “unacceptable” is about as good as it gets.
“Time is of the essence,” said Adm. James Stavridis, a former supreme allied commander of NATO and now dean of the Fletcher School at Tufts University. The longer the airstrikes drag on, the more time Islamic State fighters will have to learn how to survive them. “Without a fast and serious response, including Special Operations forces on the ground, the chances of reversing IS gains or even breaking their evident momentum is very low,” he said.
And if we don’t do it now, we’ll have to do it later – guaranteed. Of course that will be when they’re stronger, better armed, control more territory and have even more revenue and fighters than they do now.
Sometimes you’re stuck doing things you really don’t want to do but know innately that if you don’t act, that which you don’t address will only get far worse. This is one of those situations.
We should act – decisively – but we won’t. And the problem will only get worse.
I guess the next president can take solace in the fact that when faced with an even larger threat from ISIS, he can blame Obama.