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	<title>Comments on: Links 7/17/09</title>
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		<title>By: skippy</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50671</link>
		<dc:creator>skippy</dc:creator>
		<pubDate>Sat, 18 Jul 2009 10:51:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50671</guid>
		<description>@Minh,&lt;br /&gt;&lt;br /&gt;I have personally used just about all the goes boom stuff out there, military to commercial and homemade over a 30 year period, including thermite. Just imagine Skippy and about 10 friends blowing the hell out of the desert at 29 stumps USMC base, with enough gear C4, thermite, detcord etc on many different types of steel from tanks to structural stuff. So I understand small and big explosions and the jobs to be done on rock, steel, body&#039;s &lt;br /&gt;etcetera.&lt;br /&gt;&lt;br /&gt;The physics alone get the short hairs standing on the back of my neck with out including explosives. So I&#039;m not suggesting any thing other than more evidence must be compiled before hitting the streets, get my drift eh, don&#039;t blow your wad on the first day of court.&lt;br /&gt;&lt;br /&gt;Skippy...concave top of soap dishes makes a sweet shape charge for C4.</description>
		<content:encoded><![CDATA[<p>@Minh,</p>
<p>I have personally used just about all the goes boom stuff out there, military to commercial and homemade over a 30 year period, including thermite. Just imagine Skippy and about 10 friends blowing the hell out of the desert at 29 stumps USMC base, with enough gear C4, thermite, detcord etc on many different types of steel from tanks to structural stuff. So I understand small and big explosions and the jobs to be done on rock, steel, body&#39;s <br />etcetera.</p>
<p>The physics alone get the short hairs standing on the back of my neck with out including explosives. So I&#39;m not suggesting any thing other than more evidence must be compiled before hitting the streets, get my drift eh, don&#39;t blow your wad on the first day of court.</p>
<p>Skippy&#8230;concave top of soap dishes makes a sweet shape charge for C4.</p>
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		<title>By: Minh</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50669</link>
		<dc:creator>Minh</dc:creator>
		<pubDate>Sat, 18 Jul 2009 10:04:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50669</guid>
		<description>@Skippy,&lt;br /&gt;The &lt;a href=&quot;http://video.google.co.uk/videoplay?docid=-5460282366853421282&quot; rel=&quot;nofollow&quot;&gt;thermite reaction&lt;/a&gt; is taught in UK highschool&lt;a href=&quot;http://dethi.violet.vn/present/show?entry_id=1299525&quot; rel=&quot;nofollow&quot;&gt; and in VN  highschool&lt;/a&gt;. I guess it is the same in the US.&lt;br /&gt;The UK google video is good as it describes the theory and  do the reaction before the camera at once. I remember how difficult it was to convince even my brother, a Ph.D. in electronics circuit design, that 9/11 was an inside job. The more people think they know, the more difficult it is to present the knowledge in an neutral and accessible manner. If you say t=sqrt(2h/g) they may not remember, but if you say h=1/2gt2, or a=s0t+1/2at2, they may recall. If you say thermite reaction, they may fail to recall, but if you write down the reaction like Fe2O3 + 2Al = Al2O3 + 2Fe + Heat, it would be easier. It may help some to remember if you mention specific number like Al2O3: 1339 Kcal/mol Fe2O3: 198,5 Kcal/mol. That depends on each person structure of memory, and their preference filter, like eyes, or ears, or logic, or specific numbers.&lt;br /&gt;&lt;br /&gt;In short, like any kind of propaganda, no matter what is the message, you need to be consistent and express the information in the easiest form accessible to potential &#039;converts&#039;. I guess the 9/11 shown on TV live, with subsequence repeats regularly every few weeks were successful propaganda until now. But because of the reality now most people a facing, they&#039;re more susceptible to altenative explanation, more fundamental like the demonstrable knowledge of math,physics and chemistry taught in highschool.&lt;br /&gt;&lt;br /&gt;Sorry, just type, no spell-checked.&lt;br /&gt;It&#039;s facinating to see the blowback of falsehood propaganda in the making. It took more than 12 years from &lt;a href=&quot;http://en.wikipedia.org/wiki/Reichstag_fire&quot; rel=&quot;nofollow&quot;&gt;Reichstag fire&lt;/a&gt; to &lt;a href=&quot;http://en.wikipedia.org/wiki/Battle_of_Berlin&quot; rel=&quot;nofollow&quot;&gt;the fall of Berlin&lt;/a&gt;.</description>
		<content:encoded><![CDATA[<p>@Skippy,<br />The <a href="http://video.google.co.uk/videoplay?docid=-5460282366853421282" rel="nofollow">thermite reaction</a> is taught in UK highschool<a href="http://dethi.violet.vn/present/show?entry_id=1299525" rel="nofollow"> and in VN  highschool</a>. I guess it is the same in the US.<br />The UK google video is good as it describes the theory and  do the reaction before the camera at once. I remember how difficult it was to convince even my brother, a Ph.D. in electronics circuit design, that 9/11 was an inside job. The more people think they know, the more difficult it is to present the knowledge in an neutral and accessible manner. If you say t=sqrt(2h/g) they may not remember, but if you say h=1/2gt2, or a=s0t+1/2at2, they may recall. If you say thermite reaction, they may fail to recall, but if you write down the reaction like Fe2O3 + 2Al = Al2O3 + 2Fe + Heat, it would be easier. It may help some to remember if you mention specific number like Al2O3: 1339 Kcal/mol Fe2O3: 198,5 Kcal/mol. That depends on each person structure of memory, and their preference filter, like eyes, or ears, or logic, or specific numbers.</p>
<p>In short, like any kind of propaganda, no matter what is the message, you need to be consistent and express the information in the easiest form accessible to potential &#39;converts&#39;. I guess the 9/11 shown on TV live, with subsequence repeats regularly every few weeks were successful propaganda until now. But because of the reality now most people a facing, they&#39;re more susceptible to altenative explanation, more fundamental like the demonstrable knowledge of math,physics and chemistry taught in highschool.</p>
<p>Sorry, just type, no spell-checked.<br />It&#39;s facinating to see the blowback of falsehood propaganda in the making. It took more than 12 years from <a href="http://en.wikipedia.org/wiki/Reichstag_fire" rel="nofollow">Reichstag fire</a> to <a href="http://en.wikipedia.org/wiki/Battle_of_Berlin" rel="nofollow">the fall of Berlin</a>.</p>
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		<title>By: skippy</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50662</link>
		<dc:creator>skippy</dc:creator>
		<pubDate>Sat, 18 Jul 2009 05:08:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50662</guid>
		<description>@selice,&lt;br /&gt;&lt;br /&gt;Thanks for the link. I&#039;m fairly up to date on the subject, but the more the merrier. Still the hole area was wiped clean and thats the biggest problem to contend with, motive/method be dammed. Plus any samples left are too small a fraction of the total aftermath (present in any litagation).&lt;br /&gt;&lt;br /&gt;Skippy...for my part the hole thing does stink to high heaven.</description>
		<content:encoded><![CDATA[<p>@selice,</p>
<p>Thanks for the link. I&#39;m fairly up to date on the subject, but the more the merrier. Still the hole area was wiped clean and thats the biggest problem to contend with, motive/method be dammed. Plus any samples left are too small a fraction of the total aftermath (present in any litagation).</p>
<p>Skippy&#8230;for my part the hole thing does stink to high heaven.</p>
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		<title>By: Minh</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50658</link>
		<dc:creator>Minh</dc:creator>
		<pubDate>Sat, 18 Jul 2009 00:17:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50658</guid>
		<description>@Jason: That was a $307 bln blackhole as of Sept 16 of &#039;08. After planned $85 bln rescue it is now $192 bln as view from Europe. &lt;br /&gt;&lt;br /&gt;Here was the links at the fall of 08&lt;br /&gt;http://www.bbc.co.uk/blogs/thereporters/robertpeston/2008/09/how_banks_depend_on_aig.html&lt;br /&gt;&lt;br /&gt;http://www.nakedcapitalism.com/2008/09/fed-considering-lending-to-aig.html&lt;br /&gt;&lt;br /&gt;and now from your link: (note that prime loans are now also under stress)&lt;br /&gt;&lt;br /&gt;The $192.6 billion figure for the swaps includes $99.4 billion tied to corporate loans and $90.2 billion linked to prime residential mortgages, the insurer said.&lt;br /&gt;&lt;br /&gt;“The sheer size of the portfolio and the ‘black box’ nature of its underlying loans and assets do little to calm fears of further CDS losses,” Shanker said in the July 8 research note. “Potential markdowns in the regulatory CDS portfolio may result in collateral calls that would again put pressure on AIG’s liquidity.”&lt;br /&gt;&lt;br /&gt;The government’s rescue includes a $60 billion credit line, $52.5 billion to buy mortgage-linked assets owned or insured by the company, and an investment of as much as $70 billion. AIG plans to reduce its debt under the credit line by $25 billion by handing over stakes in two non-U.S. life insurance units, the insurer said last month. AIG has tapped about $43 billion from the line as of July 15.&lt;br /&gt;&lt;br /&gt;The American are known to be very generous, aren&#039;t they ? Just for how long Uncle Ben&#039;s printing press  can operate before the US congress turn it off ?</description>
		<content:encoded><![CDATA[<p>@Jason: That was a $307 bln blackhole as of Sept 16 of &#39;08. After planned $85 bln rescue it is now $192 bln as view from Europe. </p>
<p>Here was the links at the fall of 08<br /><a href="http://www.bbc.co.uk/blogs/thereporters/robertpeston/2008/09/how_banks_depend_on_aig.html" rel="nofollow">http://www.bbc.co.uk/blogs/thereporters/robertpeston/2008/09/how_banks_depend_on_aig.html</a></p>
<p><a href="http://www.nakedcapitalism.com/2008/09/fed-considering-lending-to-aig.html" rel="nofollow">http://www.nakedcapitalism.com/2008/09/fed-considering-lending-to-aig.html</a></p>
<p>and now from your link: (note that prime loans are now also under stress)</p>
<p>The $192.6 billion figure for the swaps includes $99.4 billion tied to corporate loans and $90.2 billion linked to prime residential mortgages, the insurer said.</p>
<p>“The sheer size of the portfolio and the ‘black box’ nature of its underlying loans and assets do little to calm fears of further CDS losses,” Shanker said in the July 8 research note. “Potential markdowns in the regulatory CDS portfolio may result in collateral calls that would again put pressure on AIG’s liquidity.”</p>
<p>The government’s rescue includes a $60 billion credit line, $52.5 billion to buy mortgage-linked assets owned or insured by the company, and an investment of as much as $70 billion. AIG plans to reduce its debt under the credit line by $25 billion by handing over stakes in two non-U.S. life insurance units, the insurer said last month. AIG has tapped about $43 billion from the line as of July 15.</p>
<p>The American are known to be very generous, aren&#39;t they ? Just for how long Uncle Ben&#39;s printing press  can operate before the US congress turn it off ?</p>
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		<title>By: Jason</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50657</link>
		<dc:creator>Jason</dc:creator>
		<pubDate>Fri, 17 Jul 2009 23:38:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50657</guid>
		<description>AIG black hole alert!&lt;br /&gt;&lt;br /&gt;http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=aXu5aUboayJY :&lt;br /&gt;- - - - -&lt;br /&gt;European banks including Societe Generale SA and BNP Paribas SA hold almost $200 billion in guarantees sold by New York-based AIG allowing the lenders to reduce the capital required for loss reserves. The firms may keep the contracts to hedge against declining assets rather than canceling them as AIG said it expects the banks to do, according to David Havens, managing director at investment bank Hexagon Securities LLC.</description>
		<content:encoded><![CDATA[<p>AIG black hole alert!</p>
<p><a href="http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=aXu5aUboayJY" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=aXu5aUboayJY</a> :<br />- &#8211; - &#8211; -<br />European banks including Societe Generale SA and BNP Paribas SA hold almost $200 billion in guarantees sold by New York-based AIG allowing the lenders to reduce the capital required for loss reserves. The firms may keep the contracts to hedge against declining assets rather than canceling them as AIG said it expects the banks to do, according to David Havens, managing director at investment bank Hexagon Securities LLC.</p>
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		<title>By: Hugh</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50650</link>
		<dc:creator>Hugh</dc:creator>
		<pubDate>Fri, 17 Jul 2009 18:01:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50650</guid>
		<description>I agree with the comments about Paulson.  Here&#039;s a guy who never saw the bubble or the meltdown coming but could prognosticate about the social effects of a bank crisis?  All the scare talk was just blackmail to get $700 billion, no questions asked, or else.  Paulson is a major villain in the crashing of the economy, infinitely worse than Madoff.  He should be giving his defenses before a jury not Congress.</description>
		<content:encoded><![CDATA[<p>I agree with the comments about Paulson.  Here&#39;s a guy who never saw the bubble or the meltdown coming but could prognosticate about the social effects of a bank crisis?  All the scare talk was just blackmail to get $700 billion, no questions asked, or else.  Paulson is a major villain in the crashing of the economy, infinitely worse than Madoff.  He should be giving his defenses before a jury not Congress.</p>
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		<title>By: Doc Holiday</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50647</link>
		<dc:creator>Doc Holiday</dc:creator>
		<pubDate>Fri, 17 Jul 2009 17:24:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50647</guid>
		<description>I&#039;m against kitties being fed tissue paper during the first year or so of their days on Earth, however, as these things grow into cats, a full spectrum of paper can be introduced as a nutritional supplement*, but That&#039;s Just My Fuc-ing Two Cents, which I think should be a new webpage (TJMFTC@nakedcapitalism.com)&lt;br /&gt;&lt;br /&gt;*  This is really not a bad idea during these economic challenging times, but be careful using newspapers with soy ink, because that may impact estrogen levels and increase the need for catnip.&lt;br /&gt;&lt;br /&gt;FD:  meow</description>
		<content:encoded><![CDATA[<p>I&#39;m against kitties being fed tissue paper during the first year or so of their days on Earth, however, as these things grow into cats, a full spectrum of paper can be introduced as a nutritional supplement*, but That&#39;s Just My Fuc-ing Two Cents, which I think should be a new webpage (TJMFTC@nakedcapitalism.com)</p>
<p>*  This is really not a bad idea during these economic challenging times, but be careful using newspapers with soy ink, because that may impact estrogen levels and increase the need for catnip.</p>
<p>FD:  meow</p>
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		<title>By: MarcoPolo</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50644</link>
		<dc:creator>MarcoPolo</dc:creator>
		<pubDate>Fri, 17 Jul 2009 16:14:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50644</guid>
		<description>Yves, I hope I’m not driving this into the ground.  I’m back on VAT.  I never considered it a realistic possibility for the US and normally discount all of the discussion as coming from what you term as plants &amp; leaks.  It’s a system which is different to income taxes.  Maybe superior.  But not clearly superior.  Compare the difficulty in adopting that system to the difficulty/impossibility of adopting metric measurement – which is clearly superior by any measure.</description>
		<content:encoded><![CDATA[<p>Yves, I hope I’m not driving this into the ground.  I’m back on VAT.  I never considered it a realistic possibility for the US and normally discount all of the discussion as coming from what you term as plants &amp; leaks.  It’s a system which is different to income taxes.  Maybe superior.  But not clearly superior.  Compare the difficulty in adopting that system to the difficulty/impossibility of adopting metric measurement – which is clearly superior by any measure.</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50640</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 17 Jul 2009 15:10:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50640</guid>
		<description>&lt;i&gt;the US is the only advanced economy in which it is considered good medical practice to have everyone at age 50 get a colonoscopy.&lt;/i&gt;&lt;br /&gt;&lt;br /&gt;You are beginning to see why health care costs are climbing so fast.  This country pushes health care like dealers push heroin.  We just have far more heath care demand than is necessary and patients rarely question their doctors.  &lt;br /&gt;&lt;br /&gt;The number of tests patients go through is excessive.  I have 4 siblings in health care at a hospital in a poor section of town.  Each works in a different department - one is in billing  (IT), one is in the legal department, another in a testing lab, and another is a liason with doctors on fund-raising and grant applications.  It is a unique opportunity to get to listen to front-line workers in several departments communicate with each other - the only time it probably happens in the actual course of business is when department VP&#039;s talk and they are too removed from the day-to-day functions that they are unaware of the cross-departmental ramifications of a decision in another department.  And doctors have ZERO interest in understanding concepts such as affordability; it&#039;s a combination of arrogance and CYA.</description>
		<content:encoded><![CDATA[<p><i>the US is the only advanced economy in which it is considered good medical practice to have everyone at age 50 get a colonoscopy.</i></p>
<p>You are beginning to see why health care costs are climbing so fast.  This country pushes health care like dealers push heroin.  We just have far more heath care demand than is necessary and patients rarely question their doctors.  </p>
<p>The number of tests patients go through is excessive.  I have 4 siblings in health care at a hospital in a poor section of town.  Each works in a different department &#8211; one is in billing  (IT), one is in the legal department, another in a testing lab, and another is a liason with doctors on fund-raising and grant applications.  It is a unique opportunity to get to listen to front-line workers in several departments communicate with each other &#8211; the only time it probably happens in the actual course of business is when department VP&#39;s talk and they are too removed from the day-to-day functions that they are unaware of the cross-departmental ramifications of a decision in another department.  And doctors have ZERO interest in understanding concepts such as affordability; it&#39;s a combination of arrogance and CYA.</p>
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		<title>By: Ryan</title>
		<link>http://www.nakedcapitalism.com/2009/07/links-71709.html#comment-50637</link>
		<dc:creator>Ryan</dc:creator>
		<pubDate>Fri, 17 Jul 2009 14:09:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.nakedcapitalism.com/2009/07/links-71709/#comment-50637</guid>
		<description>&lt;i&gt;The point is raised all the time about how our 2x spending doesn&#039;t get us any better health in statistical comparisons to other countries (which is accurate). One could also accurately say that we could reduce current health care spending by 90% and it would have no statistical affect on health care outcomes. What happens when health (i.e. insurance) reform runs into the reality that most health care is, in fact, ineffective.&lt;/i&gt;&lt;br /&gt;&lt;br /&gt;Maybe true, but if you think pre-screening, even under a national healthcare scheme, will go away, you&#039;re dead wrong. My company the other day was talking about the new healthcare plans they were offering, and they give us some &quot;annual check/preventative care&quot; money that doesn&#039;t cost us anything. The reason of course is to catch something early so they don&#039;t pay more later (my company is self-insured), which suits me fine, I don&#039;t want to be sick, but our HR head was telling us that if he didn&#039;t get the standard check, he wouldn&#039;t be standing there, because they early detected him having breast cancer.</description>
		<content:encoded><![CDATA[<p><i>The point is raised all the time about how our 2x spending doesn&#39;t get us any better health in statistical comparisons to other countries (which is accurate). One could also accurately say that we could reduce current health care spending by 90% and it would have no statistical affect on health care outcomes. What happens when health (i.e. insurance) reform runs into the reality that most health care is, in fact, ineffective.</i></p>
<p>Maybe true, but if you think pre-screening, even under a national healthcare scheme, will go away, you&#39;re dead wrong. My company the other day was talking about the new healthcare plans they were offering, and they give us some &quot;annual check/preventative care&quot; money that doesn&#39;t cost us anything. The reason of course is to catch something early so they don&#39;t pay more later (my company is self-insured), which suits me fine, I don&#39;t want to be sick, but our HR head was telling us that if he didn&#39;t get the standard check, he wouldn&#39;t be standing there, because they early detected him having breast cancer.</p>
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