The Fed’s Labor Market Conditions Index slipped to 0.4 in January, From December’s 2.9.
Wholesale inventories fell -0.1% in December, while a -0.3% decline in sales kept the stock-to-sales ratio at 1.32.
The Labor Department’s JOLTS report indicates that December job openings came in at 5.607 million.
The NFIB Small Business Optimism Index fell sharply to 93.9 in January, from December’s 95.2.
Redbook reports that last week’s retail sales kept sliding downwards to 0.6% on a year-ago basis, from the previous week’s 0.8%.
Yes, yes, I know, I’m making some assumptions. Assumption A) Noko was actually able to launch a “satellite”. Assumption B) they’ve actually built a real nuclear device that works and downsized it enough to be launched. And assumption C) they’d do what I think they would do for no other reason than they can. See the link below:
And what is our military being directed to do? Well they’ve been directed to integrate women into combat jobs and prioritize “climate change” in all of our military operations. Or said another way, its about ideology over national security.
EMP is a real threat, a cheap and easy way for those with low yield nuclear weapons to have a huge and potentially devastating effect on a large and more dangerous enemy. But, instead of concentrating on real threats, we’re involved in potentially capability degrading social engineering and ideological masturbation.
Do I think the potential number of 300 million dead in the US is probable (as outlined in the clip)? No. I don’t. We have neighbors and allies (unless they too are all hit with the same sort of attack, which would be unlikely). But it would likely cost us millions of lives. There’s no question the effect would be pretty devastating on the national infrastructure – something no one in government has addressed adequately. In fact, preparation for EMP attacks is nonexistent. And, in the case of such an attack, as a side effect, you can expect the bad actors in the world to take advantage of the attack to advance their agendas as well.
Will NoKo do it? Under the right circumstances (that means should it ever enter the whack-a-do leader’s head), yes. Do I think it will happen? Well it depends on assumptions A and B. And the “experts” seem to think that they at least haven’t been able to do B. I don’t disagree.
But NoKo isn’t the only rogue nation out there trying to develop this sort of capability. The article above talks about “delivery” of nuclear weapons in a conventional sense, i.e. ground to ground. And it claims NoKo has a long way to go to do that. But, as I’m suggesting, do they really need to do that if they can set up the EMP attack? Same with Iran?
Of course, should NoKo and/or Iran screw up such an attack, I’m sure they’re aware that they’d cease to exist as a functioning state as the retaliation from a real nuclear capable nation would be devastating. And our biggest deterrent (besides the overwhelming ability to strike them) may be the fact that they are unsure of the effect or reliability of their technology.
That doesn’t change the fact that we’ve done nothing to prepare for a threat that a nations like NoKo or Iran (or any other nuclear capable nation) are building. I’ve heard it discussed as a serious problem for decades and we’ve still done nothing about it. If this crew in charge right now want to actually do something to benefit national security, they ought to knock off the social engineering and ideological nonsense and prepare the military and the nation’s infrastructure to resist an EMP attack.
That would actually be useful.
Sometimes you see a quote that just infuriates you, because it is so wrong. It is wrong in substance, because this is not what our Founders believed at all. And it is wrong in context, an implication that what you pay in taxes is due because you are renting something the government or others own. Anyway, Kevin Williamson does a bang up job of making the point based off of this one liner from Hillary:
Terry Shumaker, former U.S. ambassador to Trinidad (I wonder what that gig cost him) and current abject minion in the service of Mrs. Clinton, quotes Herself telling an audience in New Hampshire: “Service is the rent we pay for living in this great country.”
You do not owe service to this country … at all. This is the “Elizabeth Warren” school of lefty politics. Living in this country and working our rear ends off to produce wealth is what makes this great. The country is a creation of those who have done and are doing that now. Government is the parasitic institution that likes to claim credit for what it has “done” when it doesn’t have nor has ever had the assets to do what it claims. Government too is a creation of those living in the country and not the other way around.
Williamson likens what Clinton said to a very old age which I thought we’d gotten past:
There is a very old English word for people who are required to perform service as a rent for their existence, and that word is serf. Serfdom is a form of bondage.
Americans are not serfs. We are not sharecroppers on Herself’s farm or in vassalage to that smear of thieving nincompoopery in Washington that purports to rule us.
We don’t owe you any damned rent.
Nope. And, in fact, the government and politicians “serve” at our sufferance. But that sort of thinking, the thinking Clinton espoused in her quote, is why so many people refer to the “Democrat plantation”. Because frankly, that’s precisely how the elite of that party view the citizens of this country … share croppers and plantation workers. And we all know what the bulk of plantation workers were.
And make no mistake, the Clintons and even the Sanders of this world see themselves as members of the elite. The plantation owners. The Queen in her medieval castle who, unfortunately, must sally out every few years and be around the serfs long enough to garner the minimum support necessary to keep herself (themselves) in power.
The Nanny State is simply another name for the plantation or that feudal plot. The serfs get the minimum shared equally while they “serve” to “earn” it. Meanwhile the Queen and her court get whatever they want, to include umpteen million in speaking fees, ignoring laws that would put anyone else under the jail and pretending that the law is important to them, when, in fact, they see it as nothing to concern themselves with.
When they obviously break the law, meh. When a serf does, the Red Queen yells, “off with his head”.
Back to the quote though. That quote says so much about why we’re in the shape we’re in now. And it reflects an attitude that bodes even more travail. Someone who actually believes that should be kept as far away from the Oval Office as is possible.
I suggest a max security jail somewhere in Colorado. Or reopen Alcatraz. Let the Queen rule there.
Dale has White People Problems, and Michael is completely unconcerned about an extinction-level asteroid event. Also, socialism is turning the country into a huge pile of fail that can’t even deliver safe water, and socialists think the fix is more socialism. It’s all on the Podcast Page.
The Labor Department reports a lackluster 151,000 net new jobs were created in January, but the unemployment rate fell to 4.9%. 502,000 people entered the labor force, bringing the labor force participation rate up a tick to 62.7%. Average hourly earnings increased by 0.5%, while the average workweek also increased 0.1 hours to 34.6 hours.
The nation’s trade deficit widened in December to $-43.4 billion, as exports continued to weaken by -0.3% while imports increased 0.3%.
Consumer credit rose a much stronger than expected $21.3 billion in December.
The year 2015 was an annus horribilis in Venezuela with a 10 per cent decline in gross domestic product, following a 4 per cent fall in 2014. Inflation reached over 200 per cent. The fiscal deficit ballooned to 20 per cent of GDP, funded mainly by the printing press.
In the free market, the bolivar has lost 92 per cent of its value in the past 24 months, with the dollar costing 150 times the official rate: the largest exchange rate differential ever registered. Shortages and long queues in the shops have made daily life very difficult.
As bad as these numbers are, 2016 looks dramatically worse. Imports, which had already been compressed by 20 per cent in 2015 to $37bn, would have to fall by over 40 per cent, even if the country stopped servicing its debt.
Add to that the murder rate in Venezuela being the highest in the world (even with strict gun control) and you have a real “worker’s paradise” don’t you? I wonder if the Bernie bots are capable of learning anything from this? Yeah, no chance.
Speaking of Bernie and socialism, how about that red hot debate last night? Laughed my keister off with this Hillary quote:
Hillary Clinton compensated for her complete lack of likability by falling back on playing the victim. She accused Bernie Sanders of ignoring feminism, black people and gay rights. She sputtered that, “Senator Sanders is the only one who would describe me, a woman running to be president, as exemplifying the establishment.” Somehow a fabulously wealthy woman who is backed by the entire Democratic political establishment isn’t the “establishment” because of her gender.
She had a tough time explaining her ties to Wall Street too, which I found hilarious. If ever anyone defined “establishment” it would be Clinton. And the irony of this supposedly “tough woman” playing the victim card shouldn’t be lost on anyone either.
Loved David Corn’s tweet. He said his 14 year old daughter was watching the Democratic debate and remarked “it’s like watching my grandparents fight”.
Gallup’s analysis of political party affiliation at the state level in 2015 finds that 20 states are solidly Republican or leaning Republican, compared with 14 solidly Democratic or leaning Democratic states. The remaining 16 are competitive. This is the first time in Gallup’s eight years of tracking partisanship by state that there have been more Republican than Democratic states. It also marks a dramatic shift from 2008, when Democratic strength nationally was its greatest in recent decades.
It’s interesting because I think it identifies a trend and a level of dissatisfaction with the current occupant of the White House. And if true, I think it spells big trouble for the Democrats in a presidential election year. And if the unlikable Hillary Clinton gets the nod for the Dems (a woman who has never polled over 45%), unless Trump GOP pick, the GOP wins. If it ends up being Trump, then the GOP will again snatch defeat from the jaws of victory.
Speaking of polls, is this indicative of reality or an outlier?
The Democratic race has dramatically tightened, according to a new Quinnipiac University national poll out Friday that shows Hillary Clinton with a razor-thin lead over Bernie Sanders.
Clinton leads Sanders 44 percent to 42 percent, well within the margin of error of the poll, which was conducted after the Iowa caucuses.
The picture of a neck-and-neck race is a huge change from Quinnipiac’s last national poll conducted Dec. 16-20 that showed Clinton with a massive lead over Sanders, 61 percent to 30 percent. It’s not clear yet whether other post-Iowa polls will also show Sanders surging ahead and catching up to Clinton.
Couple this with the fact that Bernie raised more campaign dough than Clinton in January and it should be setting off alarm bells in Clinton campaign headquarters. And, in fact, it may explain a more combative Clinton last night.
On the special snowflake/SJW front, you know, those who unilaterally believe they get to decide what is or isn’t okay in today’s culture, it is now racist to wear a toe ring or bangle bracelet:
According to a piece in the totally logical social-justice blog “Everyday Feminism”, it is racist and offensive to wear toe rings or bangle bracelets in almost any situation.
Yep. According to the article’s author, Aarti Olivia, wearing these kinds of jewelry amounts to an appropriation of South Asian culture. Olivia explains that in her culture, “it has been traditionally expected that married women wear bangles,” and that although that tradition is no longer “imposed upon women,” they do “wear them for religious or festive occasions.”
“In pop culture, you have probably seen the likes of Iggy Azalea and Selena Gomez wear them for music videos and performances,” Olivia writes. And that, she continues, is not okay.
I wonder if she knows that today’s music is mostly played on instruments invented by dead white guys from Western Europe. So, using her logic, if she plays an instrument (violin, guitar, clarinet, saxophone, piano, etc.) is it “cultural appropriation”? And if so, shouldn’t she stop right now and apologize?
Or does this nonsense only cut one way?
“If NASCAR embraced electric cars it could change the world…We could convert all of our racecars to electricity — right now — and show the public exactly what electrons can do,”
Yup, and the NASCAR track would be … a strangely quiet place during a race. Kind of like Bill Nye’s brain.
Have a great weekend.
Chain stores that are reporting sales results today say January was a weak month, and some are issuing cuts in quarterly forecasts.
Non-farm Productivity sank to an annualized -3.0% decline in the 4th Quarter of 2015, as unit labor costs rose 4.5%.
Factory orders sank a very sharp 2.9% in December following November’s downwardly revised 0.7%. Core capital goods orders fell -4.3%.
The Challenger Job-Cut Report’s layoff count jumped to 75,114 in January, mainly due to Wal-Mart’s announcement of 154 store closures.
The Gallup Good Jobs rate slipped from 45.3% to 44.7% in January.
Initial weekly jobless claims rose 8,000 to 285,000 The 4-week average rose 2,000 to 284,750. Continuing claims fell 18,000 to 2.255 million.
The Bloomberg Consumer Comfort Index fell -0.4 points to 44.2 in the latest week.
The Fed’s balance sheet rose $1.2 billion last week, with total assets of $4.484 trillion. Reserve bank credit fell $-6.4 billion.
The Fed reports that M2 money supply rose by $57.9 billion in the latest week.
At the end of a get out the vote campaign event in New Hampshire on Wednesday, […] was asked about […] plans for protecting cyber security.
“It is one of the most important challenges the next president is going to face,” […] said.
[…] said that the technology offenses conducted by hostile states have become more advanced. […] named Russia, China, Iran, and North Korea as countries that are just going to accelerate their attacks on the cyber infrastructure of the United States.
“We first have to figure how to create what would be an understanding with these nations that we will not tolerate their cyber theft and their cyber evasiveness, and we certainly would never ever sit still for a cyber attack,” […] said.
No. Instead we’ll just put secret material on a private server located in a bathroom somewhere and you can just help yourself.
And yes, it was Hillary Clinton, the irony impaired candidate.
The AP reported that during Clinton’s time at the State Department that it was one of the worst agencies in the federal government at protecting its computer networks. The deteriorating situation continued well into when John Kerry took over.
The ISM Manufacturing Index slipped by -1.8 points in January to 53.5. The PMI Services Index also slowed, down -1.1 points to 53.2.
The MBA reports that mortgage applications fell -2.6% last week, with purchases down -7.0% and refis up 0.3%.
The ADP Employment Report estimates that 205,000 private sector jobs were created in January.
The Gallup U.S. Job Creation Index fell -1 point to 29 in January.
Actually, we have a few QOTD and most come from Dr. John Cristy who recently gave testimony in a Congressional hearing to detail why satellite-derived temperatures are much more reliable indicators of warming than surface thermometers. You can read his full testimony here.
The quote I’m referring too, however, goes to the heart of this matter like no other. It gets to the reason so many who are skeptical continue to doubt the validity of the alarmist’s theory.
“It is a bold strategy in my view to actively promote the output of theoretical climate models while attacking the multiple lines of evidence from observations,” Christy wrote. “Note that none of the observational datasets are perfect and continued scrutiny is healthy, but when multiple, independent groups generate the datasets and then when the results for two completely independent systems (balloons and satellites) agree closely with each other and disagree with the model output, one is left scratching one’s head at the decision to launch an offensive against the data.”
Even more to the point was this:
“Following the scientific method of testing claims against data, we would conclude that the models do not accurately represent at least some of the important processes that impact the climate because they were unable to “predict” what has already occurred. In other words, these models failed at the simple test of telling us “what” has already happened, and thus would not be in a position to give us a confident answer to “what” may happen in the future and “why.” As such, they would be of highly questionable value in determining policy that should depend on a very confident understanding of how the climate system works.”
“Highly questionable value” is an understatement.
The predictions, as they’ve proven themselves, are useless for determining policy. They. Are. Wrong! Christy has a number of other charts available at the “full testimony” link, which point out how wildly wrong the climate models are. They’re not even close. Meanwhile, the scientists who have based their science in data vs. obviously incorrect models are the one’s that are the one’s under fire, with alarmists going so far as to call for their jailing for disagreeing with them.
Bottom line, it all comes down to the Richard P. Feynman quote that’s been flying around the net lately – “It doesn’t matter how beautiful your theory is, it doesn’t matter how smart you are. If it doesn’t agree with experiment, it’s wrong.” And, as we’ve pointed out, the observable data simply doesn’t support the theory.
Not that it will stop particular ideologically driven politicians from doing what they want to do in this regard:
A few weeks ago, a group of 13 prominent environmental law professors and attorneys released a 91-page report outlining this new approach, which would allow EPA to use existing laws to quickly and efficiently regulate all pollution sources, in all states — not just power plants and cars. The experts concluded, “It could provide one of the most effective and efficient means to address climate change pollution in the United States.”
Or, put another way, one of the largest power grabs in US history and certainly nothing beyond the man in the White House.
But, you know, damn the facts, full ideological speed ahead for him. It’s never been about science with him, it’s always been about ideology and power.