All Things in Moderation

Morning Report 7/13/12

18 Responses

1. 

   bannedagain5446, on July 13, 2012 at 9:17 am said:

   Yes, I do love these why are we up, who the hell knows days.

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2. 

   Brent Nyitray, on July 13, 2012 at 9:18 am said:

   cause making money on the short side was getting too easy…

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3. 

   bannedagain5446, on July 13, 2012 at 9:23 am said:

   Romney’s defense in this Bain thing was ridiculous.

   He should have come out and stated that he and all Americans invest overseas either through their dollars or their purchases. End of story.

   He could have also pointed out all the tax dollars that went overseas in the auto bailout. Hard to imagine how they screwed this up so bad, but it’s a good thing for Obama that they are.

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4. 

   bannedagain5446, on July 13, 2012 at 9:23 am said:

   brent:

   crowded trade, crowded trade!

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5. 

   yellojkt, on July 13, 2012 at 9:56 am said:

   Rep. Steve King (R-Iowa) is proposing an amendment to a farm bill that would prevent California from enforcing minimum cage size requirements for out-of-state egg-producing chickens arguing that federal standards should trump state law:

   He said that the California requirement violates the commerce clause of the Constitution, which gives the federal government jurisdiction over interstate commerce issues.

   The amendment says that states that object to the way an agriculture product is produced in other states cannot block the sale of that product.

   You just don’t see enough people willing to come down on the pro-animal cruelty side.

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6. 

   Kevin S. Willis, on July 13, 2012 at 10:12 am said:

   that would prevent California from enforcing minimum cage size requirements for out-of-state egg-producing chickens arguing that federal standards should trump state law

   Why does this require inclusion in the bill? Either it violates the commerce clause or it doesn’t, right?

   What is the law as to states saying what can and can’t be sold within their borders? I know there are dry counties in Tennessee, Kentucky, and elsewhere, where the sale of liquor is forbidden. They get to say what can be sold within their borders.

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   • 

     markinaustin, on July 13, 2012 at 3:51 pm said:

     Kev – a states’ rights exception to the commerce clause is carved into the 21st A. repealing prohibition.

     Section 2. The transportation or importation into any State, Territory, or possession of the United States for delivery or use therein of intoxicating liquors, in violation of the laws thereof, is hereby prohibited.

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7. 

   Kevin S. Willis, on July 13, 2012 at 10:15 am said:

   Romney’s defense in this Bain thing was ridiculous.

   Weak candidate. Lame on defense, lame on offense. Said it early and often.

   The Republican establishment did not get the candidates they wanted in 2010, to a decisive victory in the house and more mixed results in the senate. The Republican establishment got who they wanted for the presidential nominee . . . and the results will not be pretty.

   I’m suspecting milquetoast and mouthing-conservative-platitudes will not be the order of the day come the 2016 race.

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8. 

   bannedagain5446, on July 13, 2012 at 10:17 am said:

   yello:

   Not being an animla person myself, I’m not sure how the size of the coop makes a difference to birds that will never be allowed to leave it. I could see the arguments about a cage versus free-range though, even if that would be wildly impractical from a production stand point.

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9. 

   okiegirl, on July 13, 2012 at 11:04 am said:

   banned: “I’m not sure how the size of the coop makes a difference to birds that will never be allowed to leave it.”

   I’m an animal person myself, but right or wrong that has nothing to do with how I feel about the chicken industry. It’s an issue in Oklahoma due to the magnitude of the chicken industry on the Ok-Ark border, primarily in Ark. The caging as it currently is practiced requires large amounts of antibiotics and such to keep the chickens from dying, antibiotics which we humans then consume and the runoff from which has seriously polluted OK’s rivers. And has nobody else noticed the grotesque, unnatural size of chicken breasts one buys in the stores these days? It’s spooky.

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10. 

    yellojkt, on July 13, 2012 at 11:09 am said:

    I’m not sure how the size of the coop makes a difference to birds that will never be allowed to leave it.

    Being neither a farmer nor a PETA activist, I’m not sure either but the California law

    requires that all eggs sold in the state be produced by hens held in cages big enough to allow the chickens to stand and spread their wings.

    I imagine that this is for the health of the chicken because otherwise they could be cramped and parasite ridden. Sick chickens infect the eggs. The filth of factory farms and their effect on the food supply is one of my hot buttons. I should be able to eat raw cookie dough without fear of salmonella, dammit.

    My cousin and her wife raise chickens on their farm. The dozen or so chickens have the run of a stable stall and and an outside wired-in area about the same size (photo). When they were in Richmond they would let the chickens free range for most of the day, but now they have too many neighbors.

    My uncle loved their fresh eggs so much he converted a kids playhouse to a chicken coop and now he has a half dozen chickens. All these chickens are rather pampered by poultry standards.

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11. 

    Mike, on July 13, 2012 at 11:24 am said:

    okie,

    has nobody else noticed the grotesque, unnatural size of chicken breasts one buys in the stores these days?

    You think it’s bad here, you should see the size of chicken breasts in China where GH use is not regulated. Seriously unnatural.

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12. 

    yellojkt, on July 13, 2012 at 11:47 am said:

    And has nobody else noticed the grotesque, unnatural size of chicken breasts one buys in the stores these days?

    These are mutant fowl that can barely stand up even if they were allowed to. Turkeys are even worse. If you ever see wild turkeys, they bear no resemblance to the genetic freaks in the grocery store freezer.

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13. 

    bannedagain5446, on July 13, 2012 at 11:59 am said:

    The price we pay for feeding a world that would otherwise be Malthusian?

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14. 

    Troll McWingnut or George, whichever, on July 13, 2012 at 4:14 pm said:

    Mark, can’t states limit importation of produce, for example? I think California had issues with the Med Fruit Fly if I’m not mistaken.

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    • 

      markinaustin, on July 13, 2012 at 5:50 pm said:

      Public health/safety regs can trump just about everything, George.

      BTW, I thought at first blush that NFIB would leave room for arguing against OSHA penalties for failing to buy all the prescribed safety equipment, but the opinion says otherwise.

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15. 

    Mike, on July 13, 2012 at 4:26 pm said:

    An interesting read on how JPM is “hiding” its $6B London Whale loss:

    “Here is perhaps the most amazing thing about JPMorgan Chase’s (JPM) $5.8 billion trading loss: Take a look at the firm’s overall results, and it’s like the London Whale’s misstep, one of the largest flubs in the history of Wall Street, never happened.

    Back in mid-April, about two weeks before talk of the trading losses emerged, JPMorgan was expected to earn $1.21 a share in its second quarter. On Friday, JPMorgan reported that it had, Whale and all, earned exactly that.

    How the bank appears to have offset the huge trading loss is a prime example of how complex and malleable bank profits actually are, and how much they are to be believed. JPMorgan’s quarter should give fodder for accountants to talk about for some time.”

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16. 

    Troll McWingnut or George, whichever, on July 13, 2012 at 4:27 pm said:

    The reason the Democrats and the media (BIRM) are so interested in Romney’s tax return is because the realize they did such a bad job vetting Obama cabinet possibilities.

    Hahahahahahahahahaha!

    Dang, couldn’t get it out and keep a straight face. Sorry.

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