Iranian Currency Falls 17% In One Day (LINKS)

Photo: 46 U.S. military bases surround Iran.  Who is the threat to whom?

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• How Obama’s green energy policies are bad for the poor

Excerpt:  Most people think green is good but pay little attention to associated increases in costs.  In 2015, it will cost between $49 and $79 to generate one megawatt hour of electricity from natural gas.  A megawatt hour from onshore wind will cost between $75 and $138, and from solar photovoltaic will cost between $242 and $455.

Comments

[SKINFLINT]

I don't have any idea why they even bring these cretins to court. They never have to admit guilt, and I would assume there is no shame or remorse. They should just go to the office and collect the money.

[john]

Analysis: China's currency foray augurs geopolitical strains

http://www.reuters.com/article/2012/10/03/us-economy-global-currencies-idUSBRE8920Q820121003

[snip]

(Reuters) - "It's our currency and your problem," U.S. Treasury Secretary John Connally famously said of the dollar in 1971.

More than 40 years later, China is doing something about it.

Fed up with what it sees as Washington's malign neglect of the dollar, China is busily promoting the cross-border use of its own currency, the yuan, also known as the renminbi, in trade and investment.

The aim is both narrowly commercial - to reduce transaction costs for Chinese exporters and importers - and sweepingly strategic.

Displacing the dollar, Beijing says, will reduce volatility in oil and commodity prices and belatedly erode the ‘exorbitant privilege' the United States enjoys as the issuer of the reserve currency at the heart of a post-war international financial architecture it now sees as hopelessly outmoded.


... I was watching the debate last evening and was struck by two things.

One, was the Romney's comment and the Presidents silence regarding 90 billion given to the green sector,

And two, was the fawning over Romney Care, of which I personally know many families, who rely on minimum wage work, keep having Mass Health (tm) cancelled out of the blue (arbitrarily) or are unqualified financially (which boggles my mind) to enroll. It also should be noted that many (it appears a majority) of doctors refuse to see patients with Mass Health.

I am looking forward to the debate when Foreign Policy issues are brought to the table and hope that foreign aid be discussed in detail.

[SKINFLINT]

John, You know darn well that these guys won't discuss this stuff, or at best mention it briefly. Foreign Aid I mean. All the billions that we have sent to Iraq and Afghanistan and no accountability. Just is mind numbing at best. So you are saying Mass health care is a cluster job? Do tell.

[john]

Skin, here are a few articles but what I see every day is even worse. It is a bureaucracy that makes normal insurance carriers look good. I am not kidding.

http://money.cnn.com/2010/06/15/news/economy/massachusetts_healthcare_reform.fortune/index.htm

http://www.npr.org/templates/story/story.php?storyId=97620520

http://www.politico.com/news/stories/0310/34588.html

[john]

Skin, I detect a little sarcasm here. From what you have disclosed you are a blue collar (union) worker with no worries about your pension or healthcare. I might bring this to your attention...

http://bostonherald.com/news/politics/view/2011_0307afl-cio_prez_defends_blue_cross_board_pay

[SKINFLINT]

No sarcasm here at all John. I live in a small town. Actually outside of town. Pop approx 25,000. I am a non union grunt, though my brothers are, or one was the other still is. I think ir pertinent to post this stuff. Maryland has conceded the fact that the health care mandate is a done deal. I work in the service industry and the service in which I work is not, should I say, something that everyone would spend money on unless they absolutely had to. At least where I live. The company has gotten smaller since 08 and quite frankly I don't see an upside here. No pension though Athe end of the day weather permitting after looking at the work we do I can take pride in the fact that we haven't committed fraud or larceny. I love my job and can't think of any other way I would want to spend my days. I do not know if the compnay I work for will continue to grind it out with a mandate that makes them purchase this product for their emplyees. I am covered under my wifes benefits where she works but hasn't always been that way. Anyway enough about me, how was your day?

[SKINFLINT]

Like Mr. Haynes said John 11,000,000 is pennies. What's not to like. Good work if you can get it.