The Fed’s Cluelessness

No comment necessary. :\


For Fed’s Dudley, iPad comment falls flat in Queens

NEW YORK, March 11 | Fri Mar 11, 2011 10:35am EST

(Reuters) – The president of the New York Federal Reserve Bank doesn’t normally face a raucous crowd.

But in Queens, New York, on Friday, William Dudley was bombarded with questions about food inflation, and his attempt to put rising commodity prices into a broader economic context only made things worse.

“When was the last time, sir, that you went grocery shopping?” one audience member asked.

Dudley tried to explain how the Fed sees things: Yes, food prices may be rising, but at the same time, other prices are declining. The Fed looks at core inflation, which strips out volatile food and energy costs, to get a better sense of where inflation may actually be heading.

So, Dudley sought an everyday example of a price that is falling.

“Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful,” he said referring to Apple Inc’s (AAPL.O) latest handheld tablet computer hitting stories on Friday.

“You have to look at the prices of all things,” he said.

This prompted guffaws and widespread murmuring from the audience, with one audience member calling the comment “tone deaf.”

“I can’t eat an iPad,” another quipped. (Reporting by Kristina Cooke; Editing by Jan Paschal)



Andrew Jackson’s Farewell Speech

I haven’t posted much cause I don’t think anybody listens, but the farewell speech by Andrew Jackson when he was retiring from the presidency is quite inspiring.
This is an excerpt. The whole speech is here
Emphasis, is of course, mine, although I don’t think he would mind…  😉
Keep in mind he said his greatest accomplishment was abolishing the Second Bank of the United States, a bank in the same model as the Federal Reserve.
Continue reading


The Server is Moved!

The server has been moved and we’re on the latest and greatest version of CentOS, Apahe, php, MySQL and everything. Being my own technical support department, I only have me to thank for the smooth move, and being too humble, I won’t. 😉

Technology is a wonderful thing when it works the way you expect, isn’t it?


Server Move

After suffering with an outdated CentOS 4 system on my VPS for over a year, I finally got my hosting service to give me a new, updated Plesk container that has the latest and greatest software. As a consequence, this site may be off line for a time this weekend into Monday as it’s moved and the DNS catches up with the new IP address. I moved my main site, JoeParente.com today and this site will follow shortly thereafter. Please bear with us while we make these necessary changes!


America, poor with a tiny rich “elite”

45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor

The middle class is being systematically wiped out of existence in the United States today. America is a nation with a very tiny elite that is rapidly becoming increasingly wealthy while everyone else is becoming poorer. So why is this happening? Well, it is actually very simple. Our institutions are designed to concentrate wealth in the hands of a very limited number of people. Throughout human history, almost all societies that have had a big centralized government have also had a very high concentration of wealth in the hands of the elite. Throughout human history, almost all societies that have allowed big business or big corporations to dominate the economy have also had a very high concentration of wealth in the hands of the elite. Well, the United States has allowed both big government and big corporations to grow wildly out of control. Those were huge mistakes. Our founding fathers attempted to establish a nation where the federal government would be greatly limited and where corporations would be greatly restricted. Unfortunately, we have turned our backs on those principles and now we are paying the price.

Read more at the above link.

You were warned. People have been trying to warn you for decades. But the television induced sleep was more comforting to you. That’s ok. The rich will provide for you and create crappy jobs so you can eat, sleep and wear old clothes. Don’t ever tax them or they might get mad and leave!



Take ’em off and bend over

Amazingly, the “justices” on the Supreme Court “stripped” more rights from the Constitution yesterday by allowing strip searches for every arrest, no matter how minor. Why don’t we just rip that old document up and throw it away?


Animals have morality

Anybody who’s been close to animals in their life isn’t going to be surprised about this…
Animals can tell right from wrong – Telegraph

Scientists studying animal behaviour believe they have growing evidence that species ranging from mice to primates are governed by moral codes of conduct in the same way as humans.

Until recently, humans were thought to be the only species to experience complex emotions and have a sense of morality.

But Prof Marc Bekoff, an ecologist at University of Colorado, Boulder, believes that morals are “hard-wired” into the brains of all mammals and provide the “social glue” that allow often aggressive and competitive animals to live together in groups.

Continue reading at the link above.


Articles on Technology

I’m considering posting some articles on the solutions I’ve found to specific problems my my field, computer technology. They’ll be articles about php, WordPress(the software you’re reading this on), Linux, Apache, Windows, and many other things. Maybe I’ll have more to say about that stuff, since the world seems to want to go on it’s merry way into the hopper no matter what people do to try to warn others about what’s really happening.

I might even manage to post more stuff, since it’ll be a resource I can use in the future, instead of having to re-google things over and over again.

So they’ll be a new category, “Technology” being created in a few moments, and some new posts in that category.