January 2014 archive

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

January 3 is the third day of the year in the Gregorian calendar. There are 362 days remaining until the end of the year (363 in leap years). The Perihelion, the point in the year when the Earth is closest to the Sun, occurs around this date.

On this day in 1938, The March of Dimes is established by President Franklin D. Roosevelt.

March of Dimes is an American health charity whose mission is to improve the health of babies by preventing birth defects, premature birth, and infant mortality.

Polio was one of the most dreaded illnesses of the 20th century, and killed or paralyzed thousands of Americans during the first half of the 20th century. In response, President Franklin D. Roosevelt founded the March of Dimes as the National Foundation for Infantile Paralysis on January 3, 1938. Roosevelt himself was paralyzed with what at the time was believed to be polio, though recent examination has led some to suggest that this diagnosis might have been mistaken. The original purpose of the Foundation was to raise money for polio research and to care for those afflicted with the disease. The name emphasized the national, nonpartisan, and public nature of the new organization, as opposed to private foundations established by wealthy families. The effort began with a radio appeal, asking everyone in the nation to contribute a dime (ten cents) to fight polio.

“March of Dimes” was originally the name of the annual fundraising event held in January by the Foundation. The name “March of Dimes” for the fundraising campaign was coined by entertainer Eddie Cantor as a play on the popular newsreel feature of the day, The March of Time. Along with Cantor, many prominent Hollywood, Broadway, radio, and television stars served as promoters of the charity. When Roosevelt died in office in 1945, he was commemorated by placing his portrait on the dime. Coincidentally, this was the only coin in wide circulation which had a purely allegorical figure (Liberty) on the obverse. To put Roosevelt on any other coin would have required displacing a president or founding father.

Over the years, the name “March of Dimes” became synonymous with that of the charity and was officially adopted in 1979.

Though the math is hard the concept of Quantum Mechanics is easily graspable by most intelligent individuals.  The key is realizing that what you think of as reality isn’t really very real at all, and is instead the product of your observation.

The classic case is of course Schrödinger’s cat where the cat is either alive or dead based on a quantum state that theoretically can not be known until you measure it at which time it’s resolved in a binary fashion.  The cat is either alive OR dead.

Of course common sense tells you that any cat you keep locked up in a box since 1935 is pretty surely dead, but quantum mechanics is designed for the study of very small and ephemeral items like photons at which it has amazingly useful predictive value.

Now that’s all very well and good, but what has physicists scratching their heads is the asymmetry of the forces we see working on a large scale, like cats for instance, and the distinct lack of anti-cats (cats made of anti-matter) when at a quantum level there is no reason to favor one over the other.

Another puzzler is that in the Standard Model (that’s why the Higg’s Boson is such a big deal is that it confirms the Standard Model) Quantum Entities are most often created in pairs and it is possible to infer the value of one member of such a pair by examining the other regardless of the distance between them.

Yup, faster than the speed of light.

Now one of the interesting limitations of modern computers is that they use electrons to store and process information and electrons, while fast, are no faster than light speed.  The late great Grace Hooper used to carry around 11.8 in lengths of copper wire to illustrate how far a nanosecond was.  If you read the specifications of RAM a speed of 8 or 9 nanoseconds (which is pretty gosh darn fast actually) means an electron can travel no more than about 8 feet.

Quantum computing erases that speed limit (in addition to some other wackier things like storing information in several dimensional states instead of a simple binary on/off condition).

In any event the NSA has been experimenting with quantum computing in the hopes of solving the most difficult encryption available in reasonable amounts of time instead of some point after the heat death of the Universe.

Despite the scary title the good news from this report is that they haven’t gotten much farther along than anyone else.

NSA seeks to build quantum computer that could crack most types of encryption

By Steven Rich and Barton Gellman, Washinton Post

Thursday, January 2, 4:24 PM

The development of a quantum computer has long been a goal of many in the scientific community, with revolutionary implications for fields like medicine as well as for the NSA’s code-breaking mission. With such technology, all forms of public key encryption would be broken, including those used on many secure Web sites as well as the type used to protect state secrets.

Physicists and computer scientists have long speculated whether the NSA’s efforts are more advanced than those of the best civilian labs. Although the full extent of the agency’s research remains unknown, the documents provided by Snowden suggest that the NSA is no closer to success than others in the scientific community.

…

Quantum computing is so difficult to attain because of the fragile nature of such computers. In theory, the building blocks of such a computer might include individual atoms, photons or electrons. To maintain the quantum nature of the computer, these particles would need to be carefully isolated from their external environments.

“Quantum computers are extremely delicate, so if you don’t protect them from their environment, then the computation will be useless,” said Daniel Lidar, a professor of electrical engineering and the director of the Center for Quantum Information Science and Technology at the University of Southern California.

This is of course due to their quantum nature.  Once someone, anyone, looks at the cat they’re either alive or dead.

As of 12:01 on January 1, New York City saw a “regime change” and Wall Street’s mayor Michael Bloomberg departed stage right. As DSWright at FDL News Desk pointed out the former mayor was looking peeved during yesterday’s public swearing in of the the new mayor, Bill De Blasio, whose election was a slap in the face to Bloomberg and his policies. It was hard for “Mayor Mike” to put on a happy face while he was being chastised by activist Harry Bellafonte.

The inauguration opened with a speech by one of de Blasio’s biggest supporters, long time activist Harry Belafonte who condemned Bloomberg’s New York as “Dickensian.” Belafonte then went on to discuss changing the Stop and Frisk law to push back against a racist justice system. De Blasio made ending Stop and Frisk one of his key campaign pledges .

A speech was also given by President Bill Clinton who noted that de Blasio had served in his administration in the Department of Housing and Urban Development and as a campaign manager for Hillary Clinton’s Senate campaign. Clinton was one of the few speakers to celebrate Bloomberg’s tenure as mayor before pivoting to say that inequality was a problem that “bedeviled the country.” He then swore de Blasio in as mayor.

Welcome To The People’s Republic Of The Big Apple

By Charles Pierce, Esquire Politics Blog

Well, New York inaugurated a new mayor and that was the cue for a lot of people to lose their shit almost entirely. It’s a rare day in January when you hear the plaintive wailing of conservatives, “Help us, Bill Clinton. You’re our only hope.” [..]

It hardly needs be said that Bill de Blasio was elected to do certain things and that, as mayor, he intends to do them. Some of them will get done. Some of them won’t. Long ago, I sat with a guy named Frank P. Zeidler, who once was mayor of Milwaukee and was an actual Socialist, the last of his party to be elected mayor of a major American city. He explained that, in his day, and as a practical matter,  being a “Socialist” mayor meant you were in favor of things like filling potholes everywhere in the city, and that you believed in the concept of a municipal fire department. Within my lifetime, what de Blasio proposed in his inaugural address was little more than what most mayors were expected to provide for the citizens of their cities. That this is seen as revolutionary is nothing more than a measure of where the country’s politics have gone adrift.  But if he does represent a renewed vigor in what Howard Dean liked to call the Democratic wing of the Democratic party, then what de Blasio represents has the potential to wrong-foot the Clintons in a very interesting way. He is connected to them — and to Cuomo, another ambitious trimmer — by his resume, but no longer by his politics. That matters less than whether or not de Blasio actually can wrench the city over which he presides in the direction he would like it to go. The Scary Liberal is still a formidable bogeyman to people terrified of their own best interests.

We wish the “scary liberal, socialist” Mayor De Blasio the best of luck, he’s going to need a lot of it to achieve his goals.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

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Michael Moore: The Obamacare We Deserve

Today marks the beginning of health care coverage under the Affordable Care Act’s new insurance exchanges, for which two million Americans have signed up. Now that the individual mandate is officially here, let me begin with an admission: Obamacare is awful.

That is the dirty little secret many liberals have avoided saying out loud for fear of aiding the president’s enemies, at a time when the ideal of universal health care needed all the support it could get. Unfortunately, this meant that instead of blaming companies like Novartis, which charges leukemia patients $90,000 annually for the drug Gleevec, or health insurance chief executives like Stephen Hemsley of UnitedHealth Group, who made nearly $102 million in 2009, for the sky-high price of American health care, the president’s Democratic supporters bought into the myth that it was all those people going to get free colonoscopies and chemotherapy for the fun of it.

Trevor Timm: President Obama Claims the NSA Has Never Abused Its Authority. That’s False

The facts that we know so far – from Fisa court documents to LOVEINT – show that the NSA has overstepped its powers

Time and again since the world learned the extent of what the NSA was doing, government officials have defended the controversial mass surveillance programs by falling back on one talking point: the NSA programs may be all-powerful, but they have never been abused.

President Obama continually evokes the phase when defending the NSA in public. In his end-of-year press conference, he reiterated, “There continues not to be evidence that the [metadata surveillance] program had been abused”. Former NSA chief Michael Hayden says this almost weekly, and former CIA deputy director and NSA review panel member Mike Morrell said it again just before Christmas. This mantra is likely to be repeated often in 2014 as Obama is set to address the nation on government surveillance, and Congress and the president debate whether any reforms are necessary.

There’s only one problem: it’s not true.

Passing the racket onto an intermediary and then dumping it on the consumer is part of the scam. Medicare needs full market share so it can bring all the prices down since no one will RICO Act providers, for profit hospitals, and insurance companies passing that cost in addition to 13% extra for administration costs onto you even with the ACA. Forcing you to participate in this scam is what we call Obamacare.  

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

January 2 is the second day of the year in the Gregorian calendar. There are 363 days remaining until the end of the year (364 in leap years).

On this day in 1962, the folk group The Weavers are banned by NBC after refusing to sign a loyalty oath.

The Weavers, one of the most significant popular-music groups of the postwar era, saw their career nearly destroyed during the Red Scare of the early 1950s. Even with anti-communist fervor in decline by the early 1960s, the Weavers’ leftist politics were used against them as late as January 2, 1962, when the group’s appearance on The Jack Paar Show was cancelled over their refusal to sign an oath of political loyalty.

The importance of the Weavers to the folk revival of the late 1950s cannot be overstated. Without the group that Pete Seeger founded with Lee Hays in Greenwich Village in 1948, there would likely be no Bob Dylan, not to mention no Kingston Trio or Peter, Paul and Mary. The Weavers helped spark a tremendous resurgence in interest in American folk traditions and folk songs when they burst onto the popular scene with “Goodnight Irene,” a #1 record for 13 weeks in the summer and fall of 1950. The Weavers sold millions of copies of innocent, beautiful and utterly apolitical records like “Midnight Special” and “On Top of Old Smoky” that year.

Wall Street had a boomer of a year, everyone else not so much.

Stock Market Has Great Year, You… Not So Much

By Mark Gongloff, Huffington Post

This has been the best year for the U.S. stock market in at least 16 years. But that great news is meaningless for many Americans. [..]

But only about half of Americans own stocks, including those in retirement accounts. Meanwhile, corporate profits are soaring largely because companies have been squeezing costs — especially labor costs. In the chart below, tracking the change in average hourly wages for private-sector workers against corporate profits and stock prices since the stock market bottomed in March 2009, you’ll notice one line is badly lagging.

Click on image to enlargew

You guessed it: The lagging line is your sad hourly earnings. They have barely budged since the market bottomed in 2009, while the Dow has skyrocketed 153 percent. Between November 2012 and November 2013, the latest data available, hourly wages for nonsupervisory workers rose just 2.1 percent, just barely ahead of inflation.

Gongloff concludes that Wall Streeters are “bullish on 2014,” others not so much. Our friend David Cay Johnston looks at tech stocks, like FaceBook and Twitter, that essentially have no profits, yet, through speculators and the Federal Reserve policy of nearly zero interest rates, these stock have greatly exaggerated value.

The coming stock market collapse

By David Cay Johnston, Al Jazeera America

Tech stocks have returned to bubble levels, thanks to PR, weak financial journalism and cheap credit

Markets can benefit from speculators, who take risks that prudent people and institutions should avoid, but speculators should represent the edges, not the core of the market.

It’s bad enough that the financial press allows the inflated commentary of tech companies to go unchallenged. But why in the world should Americans tolerate hedge funds and other speculators being subsidized with cheap and easy credit, thanks to the Federal Reserve’s policy of near-zero interest rates?

Only speculators would buy companies with no profits. And only subsidized speculators would bid up prices on companies with a PR in three digits, like Twitter.

Back in 1995, Alan Greenspan, then chairman of the Federal Reserve, asked a rhetorical question about stock prices, “How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions, as they have in Japan over the past decade?”

We now suffer through a prolonged period with high unemployment, flat to falling wages for most workers and unrealized potential for economic growth. But the speculators are making out like bandits, thanks to government suppression of interest rates, allowing massive borrowing by offshore hedge funds, and to lax rules for both accounting and trading.

Given the history of stock markets since 1995 and today’s blinking red indicators, no one can rationally claim they were not warned when the next collapse comes, as surely it will.

Click on image to enlarge.

So what will happen to the market when the Fed starts to raise interest rates? 2014 may not be the “boom” that Wall Street expects.

Live at the Fillmore East – New Years Eve 1969 going into 1970