novatownhall blog

Where you are held accountable for your convictions and record

Dan posted the following comment under the post Words of the Sage:

One thing that we cannot overlook, in the rush to a global economy, we forget about our standard of living. Many feel that a global economy will not work in the absence of a more balanced global standard of living.

Will a global economy reduce the standard of living we have become accustomed ? We will know the answer to this experiment in due time.

I thought the concern wide-spread enough that it deserved a a full-blown post in response.

continue reading…

I have noticed as of late that our commentors have dropped off by the wayside.  We have posted some very good articles and even some that should raise controversy (imagine that) yet we haven’t been seeing the traffic.  Now being as this blogsite is one of the top 10,000 conservative sites in the state of Virginia, I can surmize but 3 reasons for this condition:

1) August (summer for Americans) is the international vacation month of the year.  This is the time to bond with the kids before school starts or relax from the kids since they are with their friends having fun without you.

2) It is not winter where the sun goes down at 5pm, you aren’t on house lockdown and you aren’t bored to tears.  This blog has proven over and over that we aren’t a last resort before sleep.

or what I believe it to be is

3)  Everyone else is out shooting and at a friend’s house or restaurant drinking with there buds.  This is the only logical and rational reason that makes sense to me.  The other 2 I had to take drugs to leave my right mind so that I could even come up with those lame things.  Shooting.  Drinking.  Not together and not necessarilly on the same day (that means at least 2 outings).

If I get no responses to this then I will have to assume that Rod Serling was right and that I’ll never awaken from this nightmare.  Prove me wrong by getting those permission slips soon.  I’m thirsty.  I got different guns to try out.  What say ye?

Well, in the spirit of “It’s not whether you will you win or lose, it’s how you place the blame,” we have this from The Economist:

This month America’s Securities and Exchange Commission (SEC) banned “naked” shorting—the sale of stock that investors do not yet have in their possession—of the American-listed shares of 17 investment banks as well as of the country’s mortgage giants, Fannie Mae and Freddie Mac. Last month Britain’s Financial Services Authority (FSA) introduced a new disclosure regime for short positions in companies that are selling new shares. Both announcements bore a whiff of panic: they were made during steep falls in bank shares and the fine print was tidied up afterwards. Both were accompanied by the rattling of regulatory sabres. The FSA growled that “market abuse” could explain the “severe volatility” of shares. The SEC thundered that “false rumours can lead to a loss of confidence”. It has reportedly fired off more than 50 subpoenas, largely to hedge funds.

Please.  Short sellers do so because they think the price is going down, not because they think they can manipulate the price.  After all, it’s a hell of a lot less risky to buy a stock and talk up the company than it is to short the company and talk it down.  When buying a stock, your loses are limited to the purchase price, and your potential gain is unlimited.  When shorting a stock, your gains are limited, and your potential loses are not.

Rather than driving a stock price down, if a short seller guesses wrong, he will usually buy back quickly to cover the short position and cut his loses — further driving up the price.  If, however, he guesses correctly, and the stock price falls, he will, at some point, buy to cover his position and take his profits.  (Remember, his profits are limited, so it does not pay to stay in a short position for a long time.)  This creates a buffer for the stock — if the price falls considerably, the short-sellers will buy out of their short positions, and stop the free-fall.

Short-selling does not drive down the price of a stock – losing money does.

Well, Duh !

2 comments

NEW YORK — The devil, as they say, is in the details.

So when an astute stamp collector recently discovered that one of the Old Glorys in the U.S. Postal Service’s “Flags 24/7″ series appears to have 14 stripes, it was bound to send a wave of excitement through the philatelic community.

“Is there any icon better-known to Americans than their own flag?” said Fred Baumann, a spokesman for the American Philatelic Society. “This is something somebody should have caught along the way.”

The stamp in question, “Night,” was released by the Postal Service on April 18 as part of a series of four stamps painted by Maryland artist Laura Stutzman depicting Old Glory at sunrise, noon, sunset and night.

Stutzman’s 42-cent stamp shows the flag flying proudly before a waxing moon, but instead of six white stripes, Old Glory has seven.

Read The Article

Proof again, that if you want to screw up a really simple task, give it to a federal agency !

That may as well have been the title for this article by Susan Jacoby.

[Lack] of education correlates both with poverty and with simplistic types of faith. The Deep South is still the most religious area of the country, and it is still the area of the country with the poorest education–measured by everything from high school test scores to the proportion of college graduates.

Perhaps we should not ask why the poor turn to religion — after all, most we brought up in the faith.  No, we should ask why those with an “education” (i.e., schooling) turn away from the religion in which they were raised.  The Bible answers this question, too: hubris.  They think they got where they are by their own merits, not by the Grace of God.  “Professing to be wise, they became fools.”  (Romans 1:22)

“Better is the poor who walks in his integrity, than one who is perverse in his lips, and is a fool. ”  (Proverbs 9:1)

“Do you see a man wise in his own eyes? There is more hope for a fool than for him.” (Proverbs 26:12) 

“Never let your schooling interfere with your education.” –Mark Twain

Got this off the VCDL e-mail.  Just more proof why you can’t trust liberal lawmakers.  Too bad Nancy wasn’t back “home” when this happened but she was too busy making an ass of herself here and stalling Congress.  Go here to read the article.

“Where do you get off blaming the NRA? Criminals and gang members do not care at all about the extra laws or outright bans that you put on the books to make citizens feel better. They are criminals. Do you think they will turn in the tools of their trade just because you pass another, more restrictive law?

You’re an IDIOT. I blame you for these murders mayor. You promote San Francisco as a sanctuary city and you should pay. These criminal low-lifes seem to have full immunity in your city.”

Sanctuary city.  How many cities, towns or even states can you name where the gov’ts are foolish enough to give sanctuary?  Who suffers by this?  What is it going to take before lawmakers catch on to the mindset of lawbreakers?  Are we really asking too much?

Now to a gator-rancher, this would be a promising opportunity.  To anyone else, especially if it is for equity venture, you wouldn’t be interested.  Unfortunately, there are all too many people that would jump at the prospect of buying when being lied to by the seller.  The why in this equation is ignorance.  We’re not talking about being intellectually challenged (I love it when I can get “native PC”) as that would allude to some inability to learn.  Nope.  Just plain old ignorance.  That which is 9/10th’s of the law.  The statement “ignorance is bliss” is all BUT that.  I believe the phrase was coined by a liberal and the liberals have the high ground.

We have a gas crisis and that is exactly what it is.  Petroleum makes the world go round and just about everything we deal with has a direct connect to petroleum.  The Pelosi and Obama liberals want you to change your ways.  They want you green.  They want you thinking alternatives and you have bit.  Now that gas is thru the roof you want some relief and you are banking on the same people to give it to you.  And when the politicians get beat-up too long, things will begin to happen and the liberals will take the credit.  And the people will listen and believe once more.  This is ignorance.  The populace is upset and demanding of our congress but they don’t see the real picture.  Too bad.

Illegal aliens are againest the law and most everyone doesn’t care……until it starts affecting their lifestyles, their paychecks and they start moving in next door and trashing the neighborhood.  Then the people start getting upset and demanding something be done.  When things calm down then all is forgotten.  Ignorance.  McCain wants to give amnesty and THEN work on a solution to close borders.  Other liberals feel just the same and they are shoving this down the peoples throat and getting away with it.  That’s right; because of ignorance.

People can be ignorant for many reasons.  Laziness, non-affecting, trusting in others are but a few.  These are traits that start early in childhood.  That is when we should be learning economics.  As math is the universal language, economics is the foundation of capitalism.  It is the single most important academic that will make you or break you.  Now your parents wanted you to get jobs and work so that you got an insight into making a living.  But how many parents teach economics?  How about primary schools?  How much exposure do kids get before they are off looking for their fortunes?  We know what jobs pay and how to advance  for greater pay.  Economics teaches you how to succeed in a society that needs what you do.  If we all had a good base in economics do you really think that Obama would even have, say, 3% approval rating?  Would the housing bubble have burst with all those sub-prime loans?  Would our taxes have gone up in a weak economy?  Would illegals be taking our jobs?  Would we be buying oil overseas and sending our manufacturing over there?  Would we allow China or any nation to hold a note that could devastate our way of life?  The answer to all is no.

Even though that swampland is virtually useless there will be many that think it a good deal if I say it is.  We need to stamp out this ignorance.  Let’s ditch ESL in this nation and replace it with mandatory  training in basic economics.  We could have a nation with no rivals anywhere and be back as the envy of all government systems.  Capitalism works and it works because of economics.  When there are too many people that are ignorant to economics you end up with something other that capitalism.  This is what liberals and cons rely on.  They want you as ignorant as they are otherwise you will see them as frauds.  Don’t be ignorant.  The truth and knowledge will set you free.  Be a friend.  Be an American.  Do what GOD would want you to do for your fellow man.  Take your loose change and sign a liberal or possible future liberal up for an economics course.  We all will be glad you did.  Amen.