Tresspassers William did a great cover of “Rainbow Connection”:
Story out of NYC where federal prosecutors have charged a man with jury tampering for handing out literature outside on jurors rights outside of a courthouse. The story explains that the defendant has requested a jury trial, but prosecutors have opposed it, arguing that we would likely ask the jury to nullify. Question for the lawyers … Can the prosecution do that? The defendant is claiming his actions are protected speech, which it obviously is in my opinion.
Story available at the New York Times
|US Dollar Index (DXY)||78.445||-0.624||-0.79%|
|10 Year Govt Bond Yield||2.03%||0.03%|
Markets are gapping higher on coordinated Central Bank intervention in the money markets. The Federal Reserve, Bank of Canada, Bank of England, Bank of Japan, and the ECB have lowered US dollar swap rates by 50 basis points. “The purpose of these actions is to ease strains in the financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.” the statement said. Separately, the Bank of China lowered reserve requirements for its banks. In some ways, this reminds me of 2008, where the Fed of the government would step in to help ease conditions in the financial markets, short covering would cause the futures to gap up, and then futures would sell off as people contemplate how bad things must be to warrant the action in the first place.
In economic data, ADP Employment came in at 206k for November, well higher than estimates. Productivity was light, and unit labor costs fell more than expected. Yesterday, consumer confidence came in much higher than estimates, which shouldn’t have been a surprise if you have been watching the actual spending data. S&P / Case-Schiller came in -3.6% for September. Overall, the data indicate things are on the mend, albeit slowly.
In keeping with the energy story I have been flogging, the WSJ has an article this morning discussing how the US is about to become a net exporter of refined product. This doesn’t mean we are energy independent – we still import more oil than we export – but we are closer and closer to becoming a net energy exporter. And that will have enormous implications for the US, from our trade deficit to our Middle East policy. Perhaps the peace dividend we have been waiting for since the end of the cold war will finally materialize.
I’m a long time fan of Apple products, and prefer to exist in the Apple ecosystem. And that’s not going to change—I’m going to be using an iPhone 10 years from now, I have no doubt.
However, there is one area where I envy the Android-toting rebels and misfits: Google maps for Android. It is light-years ahead of the map functionality on iOS. It just is.
3D models of city areas, information on the indoors of certain places, restroom information, etc. Not to mention, vector data so it’s wicked fast and much easier on your dataplan. Sigh.
Ah, well. I’ve got nothing to complain about. I long wished for a device that combined music player, telephone, and PDA, and now I have it—plus it’s also a still camera and a video camera and a video game device! And an acceptable GPS. I’ve said before and I’ll say it again: I feel blessed to have been born when I was. But I still would like to see Google Maps for Android on iOS. But, I won’t, because they’re competing or something.
I have many favorite movies. One of them is Fight Club.
Much TV watching, playing of checkers in his future. Just punishment for the brutal murder of 77 innocent young people.
Too bad they couldn’t have moved the trial to Texas.
Prosecutors said Breivik, a self-declared anti-immigration militant, believed he had staged what he called “the executions” out of his love for his people. “The conclusion … is that he is insane,” prosecutor Svein Holden told a news conference on Breivik’s psychiatric evaluation. “He lives in his own delusional universe and his thoughts and acts are governed by this universe.”
If the court accepts the psychiatrists’ conclusions, Breivik would be held in a psychiatric institution rather than in a prison. Norwegian courts can challenge psychiatric evaluations or order new tests but rarely reject them. Breivik could be held as long as he poses a threat to society, but may be released if found to be healthy.
From Herman Cain’s attorney, describing the new allegation:
This is not an accusation of harassment in the workplace – this is not an accusation of an assault – which are subject matters of legitimate inquiry to a political candidate,” said attorney Lin Wood, who Cain hired after several sexual harassment allegations surfaced against him earlier this month
Rather, this appears to be an accusation of private, alleged consensual conduct between adults – a subject matter which is not a proper subject of inquiry by the media or the public. No individual, whether a private citizen, a candidate for public office or a public official, should be questioned about his or her private sexual life.
I wanted WJC to resign because he diddled a WH clerk. It was their relative power positions in that workplace that motivated my thinking, not the infidelity itself, about which I had no opinion for public consumption, nor was I impressed with his misdemeanor false swearing under oath in a deposition about an immaterial subject.
In theory I agree with Lin Wood, but the news loves S-E-X and I am sure there will not be a public outcry to protect the privacy of anyone in public life, ever. Of course, one party here made her conduct quite public, for whatever reason, so the genie is out of that box, so to speak.
In theory, do you agree with Lin Wood? I am curious how many of us think consenting private adult [cpa] sex is not a legitimate ground for inquiry.