Чикагская семья Pritzker, контролирующая Global Hyatt, заключила соглашение о приобретении компании TMS International примерно за $687 млн или $17,5 за акцию наличными. Стоит отметить, что предложенная цена за каждую бумагу TMS International на 15% превышает стоимость ее акций на закрытии торгов в пятницу на уровне $15,57 за бумагу.
As flagged, The Pritzker Organization (TPO) has agreed to acquire TMS International in a deal worth $1B, including refinanced 3rd-party debt. TPO's offer of $17.50 a share for the provider of procurement and other services to steel mills represents a premium of about 12% to TMS's close of $15.57 on Friday. TPO is paying $687M for TMS. (PR) Post your comment!
Власти США активизировали планы военного вторжения в Сирию; старшие IT-специалисты Goldman Sachs отправлены в принудительный отпуск; Tom Pritzker купит TMS International за $1 млрд; Amgen поглотит Onyх по $125 за акцию; Стив Балмер ушел, но Microsoft ожидает кризис; маркетологи разрабатывают новые стратегии вирусной рекламы.
The Pritzker Organization (TPO) has reportedly agreed to acquire TMS International, a provider of procurement and other services to steel mills, for $1B, including around $300M in debt. The offer of $17.50 a share represents a 12.4% premium to the stock's closing price of $15.57 on Friday. TPO, which is the investment firm of billionaire Tom Pritzker, is acquiring TMS after winning an auction. The latter's main owner is Canadian private-equity firm Onex (ONEXF.PK) with a 60% stake. Post your comment!
Here's your Cheat Sheet to earnings...
TMS International (TMS) declares $0.10/share quarterly dividend, in line with previous. Forward yield 2.35%. For shareholders of record Aug. 16. Payable Sept. 20. Ex-div Aug. 14. (PR)
TMS International (TMS) declares $0.10/share quarterly dividend, in line with previous. Forward yield 2.35%. For shareholders of record Aug. 16. Payable Sept. 20. Ex-div Aug. 14. (PR) Post your comment!
TMS International (TMS) declares its first-ever quarterly dividend of $0.10/share. Forward yield 2.80%. For shareholders of record May 16. Payable July 03. Ex-div date May 14. (PR)
TMS International (TMS) declares its first-ever quarterly dividend of $0.10/share. Forward yield 2.80%. For shareholders of record May 16. Payable July 03. Ex-div date May 14. (PR) Post your comment!
Here's your Cheat Sheet to earnings...
TMS International (TMS): Q1 EPS of $0.21 misses by $0.05. Revenue of $589.6M misses by $54.13M. (PR)
TMS International (TMS): Q1 EPS of $0.21 misses by $0.05. Revenue of $589.6M misses by $54.13M. (PR) Post your comment!
Honda (HMC) expects demand for its Accord sedan to boost its U.S. sales this month to an 8% Y/Y gain but says the projected increase would be below its internal target. HMC sees March sales of 125K vehicles, with 35K Accord sales, but it may not be enough to meet goals this year to break its U.S. sales record of 1.55M vehicles and to have Accord pass Toyota's (TM) Camry (earlier).
Honda (HMC) expects demand for its Accord sedan to boost its U.S. sales this month to an 8% Y/Y gain but says the projected increase would be below its internal target. HMC sees March sales of 125K vehicles, with 35K Accord sales, but it may not be enough to meet goals this year to break its U.S. sales record of 1.55M vehicles and to have Accord pass Toyota's (TM) Camry (earlier). Post your comment!
What to watch for from the New York International Auto Show: 1) General Motors ([[GM]] -0.5%) will unveil a full slate of new models including Cadillac CTS, Buick Regal, Chevy SS, Buick LaCrosse - and the highly anticipated Chevy Camaro retooling. 2) Chrysler (FIATY.PK) will showcase the next-generation Jeep Cherokee, to be rebranded as the Liberty SUV, along with a few limited edition muscle cars. 3) The most-watched model from Toyota ([[TM]] -0.1%) will be the new midsize 2013 Highlander SUV. 4) On the EV front, Nissan (NSANY.OB) is out with a hybrid version of the Pathfinder and Subaru (SBUOF.PK) hopes to make a splash with the XV Crosstek Hybrid.
What to watch for from the New York International Auto Show: 1) General Motors (GM -0.5%) will unveil a full slate of new models including Cadillac CTS, Buick Regal, Chevy SS, Buick LaCrosse - and the highly anticipated Chevy Camaro retooling. 2) Chrysler (FIATY.PK) will showcase the next-generation Jeep Cherokee, to be rebranded as the Liberty SUV, along with a few limited edition muscle cars. 3) The most-watched model from Toyota (TM -0.1%) will be the new midsize 2013 Highlander SUV. 4) On the EV front, Nissan (NSANY.OB) is out with a hybrid version of the Pathfinder and Subaru (SBUOF.PK) hopes to make a splash with the XV Crosstek Hybrid. Post your comment!
Here's your Cheat Sheet to earnings...
TMS International (TMS): Q4 EPS of $0.15 misses by $0.06. Revenue of $536.8M misses by $53.2M. (PR) Post your comment!
ByThe Investing Engineer:With the North American International Auto Show just starting in Detroit, there have already been some exciting new vehicles. The much anticipated Chevrolet Corvette redesign was revealed (to mixed reviews, if you read automotive forums) as well as strong concept previews from Honda (HMC) and Toyota (TM). Of course the big reveal for me, as a strong advocate of Ford Motor Company (F), was the new Lincoln Motor Company MKC concept SUV.If you've been following my articles concerning Ford and Lincoln, you already know that one of my biggest concerns regarding the future of the luxury lineup is the ability of the company to put out a good looking vehicle. I have expressed many times how I am turned off by the MKX and MKT SUV models. While not everyone shares my lack of enthusiasm for those baleen grills, it's hard to disagree that the vehiclesComplete Story »
Harman International Industries ([[HAR]] +3.6%) is one of the S&P 500's big gainers today, boosted by an upgrade to Outperform at Baird. The firm notes a jump in contracts with major auto makers including Toyota (TM) and BMW, which should drive high single-digit sales growth through 2015 and help to offset the potential for competition from an increase in smartphone usage. Harman however, doesn't see those devices as a threat.
Harman International Industries (HAR +3.6%) is one of the S&P 500's big gainers today, boosted by an upgrade to Outperform at Baird. The firm notes a jump in contracts with major auto makers including Toyota (TM) and BMW, which should drive high single-digit sales growth through 2015 and help to offset the potential for competition from an increase in smartphone usage. Harman however, doesn't see those devices as a threat. Post your comment!
Senate-Passed Deal Means Higher Tax on 77% of Households (BBG) Bipartisan House Backs Tax Deal Vote as Next Fight Looms (BBG) Fresh stand-off looms after US cliff deal (FT) Congress Deal Averting Tax Increase Curbs Risk to States (BBG) How Colombian drug traffickers used HSBC to launder money (Reuters) Danes Face New Reality in Struggle to End Crisis, PM Says (BBG) Ban on demanding Facebook passwords among new 2013 state laws (Reuters) Oil Climbs to Three-Month High as U.S. House Passes Budget Bill (BBG) Cameron seeks bold steps from G8 leaders (FT) China to outstrip Europe car production (FT) North Korea Picks Stronger Economy, South Ties as Top 2013 Tasks (BBG) Overnight Media Digest WSJ * Congress broke a rancorous stalemate on Tuesday to pass legislation designed to avert the so-called fiscal cliff. But the compromise bill, which blocked most impending tax increases and postponed spending cuts largely by raising taxes on upper-income Americans, left a host of issues unresolved and guaranteed continued budget clashes between the parties. * Apple Inc was hit New Year's Eve by an armed robbery at one of the company's Paris stores, the first major robbery of an Apple store in France. * South Korean steelmaker Posco said it and its partners have agreed to purchase a 15 percent stake in an ArcelorMittal-controlled iron-ore mining company in Canada for $1.1 billion. * Royal Dutch Shell Plc suffered another potential setback in its attempt to drill for oil in U.S. Arctic waters when an offshore rig ran aground after breaking free from tow ships in high seas. * Time Warner Cable Inc, which had warned of its intention to drop little-watched TV channels, agreed to at least temporarily extend carriage of several such channels ahead of the Dec. 31 deadline for renewal. * Intel Corp's effort to develop an Internet-based TV service and associated hardware is taking longer than expected, people familiar with the company's plans say, in part due to delays in reaching content agreements with media companies. * The recovering U.S. auto industry should hit its stride this year as new vehicle offerings, pickup-truck demand and a stable economy push sales above 15 million, automotive forecasting firm Polk predicts. * Manufacturing activity in China expanded at a mild pace in December, a survey of businesses showed, suggesting the economy is rebounding, but fighting headwinds from weak conditions around the world. * India's capital-markets regulator is taking steps to tame what has been one of the world's wildest IPO markets, with plans including forcing companies' founders to reimburse small investors for some losses. NYT * Ending a climactic fiscal showdown in the final hours of the 112th Congress, the House late on Tuesday passed and sent to President Obama legislation to avert big income tax increases on most Americans and prevent large cuts in spending for the Pentagon and other government programs. * With the House of Representatives approval of a fiscal agreement late on Tuesday, investors were expecting a rally in the markets to start the New Year. But the surge was not expected to last long, with investors and economists quickly shifting their focus to several hurdles the economy faces in the coming months. * Only the most affluent American households will pay higher income taxes this year under the terms of a deal that passed Congress, but most households will face higher payroll taxes because the deal does not extend a two-year-old tax break. * One of Shell Oil's two Arctic drilling rigs is beached on an island in the Gulf of Alaska, threatening environmental damage from a fuel spill and calling into question Shell's plans to resume drilling in the treacherous waters north of Alaska in the summer. The rig, the Kulluk, broke free from a tow ship in stormy seas and ran aground Monday night. * Energy drinks are the fastest-growing part of the beverage industry, with sales in the U.S. reaching more than $10 billion in 2012 - more than Americans spent on iced tea or sports beverages like Gatorade. * The asset forfeiture unit of the United States attorney's office in Manhattan recovered about $3 billion in crime proceeds in 2012, including a Tyrannosaurus skeleton worth more than $1 million. * An important gauge of China's giant manufacturing sector published on Tuesday showed a third successive month of expansion in December and underlined the view that the world's second-largest economy has settled into a mild rebound that is likely to extend into 2013. * After a year of legal wrangling between the designer Tory Burch and her former husband, Chris Burch, who is also the owner of the clothing retailer C. Wonder, Ms. Burch announced that an agreement had been reached to settle all pending legal claims between the couple. Canada THE GLOBE AND MAIL * The next step in the Harper government's transformation of Canada's immigration system will turn Ottawa into an online matchmaker, connecting would-be migrants with employers who want to hire them. The web-based "Expression of Interest" system, to be in place by 2014, will be an invitation-only route for economic immigrants where prospective arrivals advertise their skills and qualifications on a Canadian government database that will be perused by employers. * Ottawa is studying a list of 60 Russian officials who have allegedly gone unpunished over a major corruption and murder case in their home country, and now has to decide whether to ban them from Canada. The situation places the Canadian government in the middle of a diplomatic spat between the United States and Russia that has grown to engulf the emotional issue of international adoptions. Reports in the business section: * A slowing housing market and uncertainty over the shape of a deal on the U.S. "fiscal cliff" are putting a lid on projections for economic growth and stock market gains in 2013. Most forecasts see Canada's GDP expanding by only 1.8 percent or so in 2013, down from an estimated 2.0 percent in 2012. NATIONAL POST * Public confidence in Canada's national police force has dropped "significantly" over the past five years, according to a new poll conducted by Ipsos Reid on behalf of Postmedia News and Global Television. Hong Kong SOUTH CHINA MORNING POST -- An investigation into the setting of Hong Kong's interbank interest rates is unlikely to reveal any misconduct that had a major social impact because rates have been low for years, says the Hong Kong Association of Banks. (link.reuters.com/hub94t) -- After a sharp fall in rentals in the core Central district, the worst for Hong Kong's office leasing market is over, property consultants say. (link.reuters.com/jub94t) -- Stable demand from local luxury home buyers in Beijing may continue to help the capital city's top-end property market grow steadily this year despite the government's ongoing tightening measures. (link.reuters.com/kub94t) HONG KONG ECONOMIC JOURNAL -- Rent of the 10 largest housing estates by turnover increased by about 20 percent over 2012. SING TAO DAILY -- Evergrande Real Estate Group Ltd ranks No.1 in total area sold in the mainland property market in 2012, while China Vanke Co Ltd takes the lead in sales revenue. -- Aluminum Corp of China bought a 23.66 percent stake in Ningxia Electric Power Group from Huadian Power International Corp Ltd for 1.36 billion yuan ($218.29 million). THE STANDARD -- Danish audio equipment maker Bang & Olufsen, in tandem with luxury goods distributor Sparkle Roll Group Ltd, is setting the stage to be seen and heard in the mainland. (link.reuters.com/pub94t) Fly on the Wall 7:00 am Market Snapshot ANALYST RESEARCH Upgrades Brunswick (BC) upgraded to Outperform from Market Perform at BMO CapitalC.R. Bard (BCR) upgraded to Overweight from Neutral at JPMorganMarriott (MAR) upgraded to Buy from Neutral at SunTrustOlympic Steel (ZEUS) upgraded to Neutral from Underperform at Credit SuissePAREXEL (PRXL) upgraded to Buy from Neutral at CitigroupPepco Holdings (POM) upgraded to Outperform from Market Perform at Wells FargoQuidel (QDEL) upgraded to Outperform from Market Perform at Raymond JamesSmithfield Foods (SFD) upgraded to Outperform from Market Perform at BMO CapitalU.S. Steel (X) upgraded to Outperform from Neutral at Credit SuisseUrban Outfitters (URBN) upgraded to Hold from Underperform at JefferiesValspar (VAL) upgraded to Buy from Hold at KeyBancWalgreen (WAG) upgraded to Outperform from Market Perform at Raymond James Downgrades Alliant Energy (LNT) downgraded to Market Perform from Outperform at Wells FargoAmerican Eagle (AEO) downgraded to Hold from Buy at JefferiesAnn Inc. (ANN) downgraded to Hold from Buy at JefferiesAscena Retail (ASNA) downgraded to Neutral from Buy at CitigroupBrown Forman (BF.B) downgraded to Underweight from Equal Weight at Morgan StanleyHovnanian (HOV) downgraded to Neutral from Buy at UBSIDACORP (IDA) downgraded to Market Perform from Outperform at Wells FargoLinkedIn (LNKD) downgraded to Equal Weight from Overweight at BarclaysMindray Medical (MR) downgraded to Neutral from Outperform at Credit SuisseNTELOS (NTLS) downgraded to Neutral from Overweight at JPMorganRoss Stores (ROST) downgraded to Neutral from Buy at CitigroupSkullcandy (SKUL) downgraded to Underperform from Buy at JefferiesStarwood Hotels (HOT) downgraded to Neutral from Buy at SunTrustTarget (TGT) downgraded to Hold from Buy at JefferiesTilly's (TLYS) downgraded to Neutral from Overweight at Piper JaffrayWellpoint (WLP) downgraded to Neutral from Outperform at Credit Suisse Initiations AbbVie (ABBV) initiated with an Outperform at BMO CapitalAbbott (ABT) initiated with an Outperform at BMO CapitalAlon USA Energy (ALJ) initiated with a Neutral at Credit SuisseAlon USA Partners (ALDW) initiated with a Neutral at Credit SuisseFacebook (FB) coverage assumed with a Neutral at CowenWestern Gas Equity (WGP) initiated with an Outperform at RBC CapitalWestern Gas Partners (WES) initiated with an Overweight at Barclays HOT STOCKS House passed 'fiscal cliff' bill, President Obama to signArcelorMittal (MT) to sell 15% interest in ArcelorMittal Mines Canada for $1.1BAvis Budget (CAR) to acquire Zipcar (ZIP) for $12.25 per share in cashScott Griffith to remain Zipcar CEO Live Nation Entertainment (LYV) Chairman Irving Azoff resigned Middleby (MIDD) acquired Viking Range for $380M NEWSPAPERS/WEBSITES The recovering U.S. auto industry (F, GM, FIATY, TM) should hit its stride this year as new vehicle offerings, pickup-truck demand and a stable economy push sales above 15M, the Wall Street Journal reportsGrowth in broadband revenue has helped cable operators offset a stagnant pay-TV market, but the industry (GOOG, VZ, TWC, CMCSA, CALX, CHTR) is resisting pressure from local governments, businesses and universities to offer ultrafast Internet service, opening the door to new competitors, the Wall Street Journal reportsU.S. stocks are poised for gains to begin the year after passage of a bill to avoid harsh tax hikes that would have hit most Americans and crimped economic growth, Reuters reportsU.S. sales of warplanes, anti-missile systems and other weapons to China's and North Korea's neighbors appear set for significant growth (LMT, NOC, GD, BA) amid regional security uncertainty, Reuters reportsMiddle East and North Africa equities are set to outperform emerging markets as higher dividends and state-funded expansion attract investors looking for better returns, says Franklin Templeton Investment Management, Bloomberg reportsOil increased to the highest level in over 10 weeks in New York--as much as 1.1%--after lawmakers reached a deal to avert automatic tax increases and spending cuts that threatened growth in the U.S. economy, Bloomberg reports SYNDICATE Asia Entertainment (AERL) files to sell 7.8M shares for holders
TMS International (TMS): Q3 EPS of $0.25 in-line. Revenue of $573B (-19% Y/Y) misses by $100M. (PR) Post your comment!
This is an important one. So I want you to pour yourself a martini, get a nice comfy couch and light up a cigar. You'll be strapped in for a while on this one. Though traffic has improved drastically when I started posting about the Manosphere, I occasionally get the question,"Why did you switch from economics to The Manosphere/Feminism?"or"Why did you abandon economics for all this Manosphere stuff?"And the answer is simple.I haven't. While a higher percentage of my posts could be deemed "Manosphere" the reality is that economics and The Manosphere (or the fight against feminism) are actually one and the same. And not only are they one and the same, I contend the most cutting-edge, evolutionary developments in economics are not in central banking, nor international finance, nor the demise of fiat currency. The furthest, most deepest front lines of this economic war between communism and freedom is where The Manosphere and feminism are duking it out.Right off the bat it is not obvious how battling feminism is related, let alone, part of economics, let alone "the cutting-edge" of economics. And in all intellectual honesty it wasn't until I sat down to figure out this post did I realize how they are indeed one and the same. But what originally alluded me to think the two were related was the fact my "transition" from economics to "Manosphere" was very natural. So natural, I didn't even realize it was happening. So natural my readers didn't know it was happening. All of the sudden my blog, as well as others, were writing about both economics and the Manosphere, suggesting the two were at minimum VERY closely related and tied together, at least philosophically.So what makes them the same? Well why don't you take a big swig of your highly alcoholic drink, take a seat and be prepared to be floored as I lay down some serious "Super Awesome Economic Genius" (TM).First, we have to ask ourselves what is the most important thing in life to humans? Some will say riches, some will say wealth, some will say health, but those are all wrong answers. The correct answer is "other humans." The reason why is that out of EVERYTHING on this planet, humans are the most interesting, entertaining, dynamic and intellectual things we'll ever run into.For example, have the most advanced XBox video gaming system out there. It is still finite. It is still non-sentient. It cannot think, it cannot challenge you, and cannot engage you beyond what it is programmed to do. It is limited. The only reason it CAN challenge you (within the confines of what it's programmed to) is because OTHER HUMANS programmed it that way. Furthermore, what do most people with video games do to maximize their fun? They go online and PLAY AGAINST OTHER HUMANS, suggesting it is human interaction, not a pre-programmed pixelated campaign to kill Nazi's or zombies that provides genuine stimulation to people.Another example - when do you cry? Chances are when you ding your car or sell your boat, etc., you don't cry. But when a family member or a loved one dies, you cry. Why? Because a human is the only thing you can really love, as well as love you back. You could even make the same case for pets in that pets, though not as advanced as humans, have some of the same characteristics. They are not finite, they are not programmed, dogs certainly have personalities, they are dynamic (meaning they don't do the same thing over and over again like a robot), and you can interact with them. A Ferrari, you can't.In other words, have all the things you want. Super computers, Ferrari's, an awesome career, you name it, there is nothing more advanced and engaging that another human being. It's what we're programmed to respond to, it's what we're programmed to be intellectually stimulated by, other humans are the most important thing in our lives.Second, since human beings are the most important things in our lives, which ones mean the most to us? Of course we don't PERSONALLY KNOW every one of the 6 billion humans on the planet, but the ones that are important to us fall into three categories - family, friends and loved ones.It is here we must discern between men and women because, after all, we are trying to tie economics to the MANosphere. Additionally, we have to make some assumptions that are not going to apply to every man in the world, but will hold in general. Specifically, we must discern the order or hierarchy in which the average man values the above three - family, friends and loved ones. In general, the average man is going to loveHis wife first. Sometimes TIED with his children for first, which means HIS FAMILY comes first. His children secondAnd parental-extented family TIED with friends for third.This doesn't mean he wouldn't lay his life down for his friends. This doesn't mean he would abandon his friends once he found a woman (though that does happen). This is just ordering these for the sake of intellectual discussion.Regardless, the point is the single most important thing in a man's life is his wife and children aka HIS FAMILY (not his parents, cousins, siblings, aunts, etc.)Third, since a man's wife and children are the most important things in life for him, how does a man go about getting a family? He has to attract a woman to become his wife. And how does he do that?He goes out, kicks ass and takes names.The "kicking ass" and "taking names" primarily manifesting itself in the form of economic production.This means he goes to school, learns a trade, stays in shape, develops a personality, develops hobbies, invents, creates, innovates, invests, enriches himself and does everything within his power to increase his marketability to attract a woman. In short he becomes the most powerful economically productive unit in all of society.However, it doesn't stop there. It's not like he's running a marathon, passes the finish line and then quits once he attracts a mate. He must keep going and continue being the powerful economic production unit he is because chances are there will be little kinder that need taking care of. So in short, the majority of economic production in this economy is incented and prompted by a man's strong psychological and instinctual desire to compete for a woman, secure a mate and then start and maintain a family, resulting in an economic model that looks like this:However, there are some significant ancillary benefits to having effectively every man in the country working this hard, being this creative and being this productive. Namely pure economic dominance for the US. With all men engaged in the economy, working their best, trying their best, uninhibited by government regulation, taxation or politics, there was no doubt which country was the #1 economic power in the world. Additionally, in being the #1 economic power in the world, the US could afford not just the largest,but the most advanced military in the world ensuring our safety. So while the above model is on the micro-economic level, the macro-economic model looks like this: Now here is where it gets interesting.Let's just say, "hypothetically" you are an enemy of the United States (or any free and successful country). You are a communist psy-ops specialist in the Soviet Union. Or heck, just a communist ideologue from the Frasier School that wants to ruin the US. Whatever your origins, you are a communist that wants to destroy the US. You envy its economic wealth, you envy it's economic production, you hate how it's dominant and #1, and it really grinds your gears they did it by letting people be free and do what they want. You know you can't take on the US militarily, so how do you bring about its demise efficiently, effectively and cheaply?Well if you look at the two charts you'll see two bottlenecks or weak spots than can bring the whole thing down.You target the wife/women or the family. PREFERABLY the wife/women because that's the first bottleneck before a family is created. And now your are starting to see why feminism, The Manosphere and economics are related. Since the majority of this country's (an any other free country's) economic production is based on a man's desire to live a happy life by getting married and (sometimes) having children, if you can destroy the quality and caliber of women, let alone the incentive to get married or have children, you can destroy the economic productive capacity of the United States, and thus the country itself. Thus, you see that feminism really isn't about "helping women." It is nothing more than an thinly veiled economic and political attack against the US, freedom and capitalism. This is why I call it "Killing the American Muse."I didn't know what a "muse" was, until I read this Sinfest comic and looked it up. A muse is (in societal terms) a woman that instills creativity, innovation and determination in a man. ie-any babe that stirs our souls and we think might be marriage material. You see this all the time where if a hot babe walks by men suck in their guys, puff out their chests and do whatever they can to impress her. However, to be a true muse you must not just be good-looking, but also inspire the man, incentive him to do great things, work hard, etc., which requires you are nice, kind, witty, charming, and supportive. The qualities and characteristics of a woman that makes her a good wife, creating the saying "behind every successful man there is a woman."Of course, if you look at what feminism has done and intends to do to our women, you can see it is in COMPLETE opposition to these qualities and traits. You are not supposed to support the man. You are not to help him out. He is the enemy. He is your oppressor, you are not a team. You will co-lead. He will compromise. You will be difficult, you will be belligerent, you will get in his face, you will nag, you will whine, you will complain, you will make demands. You entitled girlfriend! You will have a career, ef the family and ef him, you can have it all, test-tube babies, turkey baster babies, career comes first, I'm a cougar, I can date younger, EPL, Sex and the City, 40 is the new 25, I'm a heroic single mom, you go grrrrl. Vote for higher taxes, men should pay more, we're oppressed, the wage gap, evil patriarchy, free day care, free health care, free education, Obama's pecks, won't somebody please think of the children, I have my masters, where's my cushy 9 months a year government job? Big is beautiful, you're so shallow for liking skinny girls, you should love me for me, shame on you for liking that type of girl, we're going to shove fat acceptance down your throats.Well how the hell is THAT kind of muse going to instill ANYTHING in a guy but sheer disgust?Simple, it isn't. Feminism never intended to "improve" the American Muse. Feminism is nothing more than a cover for communists to destroy it and thus destroy your incentive to produce.The question is, though, are they succeeding? And the answer is sadly yes.In corrupting and destroying the quality and caliber of the average American woman, these veritable communists have completely disincentived men from participating in getting married, creating families and forming careers. Men are getting married much later, and some, not at all because of the various legal and financial risks involved. Men are having less children not just because they can't afford it in today's economic times, but BOTH parents MUST have careers! Children be damned. Worse though, (for the rest of society anyway) is that men are completely abandoning their traditional male roles and checking out of society altogether. Not that they aren't dating. Not that they aren't working, but they're not "manning up" as so many bewildered western women would like them to. They are realizing just how little money it takes to support one man and choosing the path of least resistance. They are living at home, not going to school, not bothering working hard, not trying their best, not inventing vaccines, not becoming doctors and not aiming to "achieve something greater." They are making just enough money to get by, live their lives, smoke some cigars, drive some motorcycles, service their needs and then die. Thus, the new micro-economy is looking like this:Pay particular note to several items in the new economic model.1. The amount of green (economic production) is a lot less. This is in part because the guy no longer has any calling to be a husband or a father. That job has been replaced by the government. The guy no longer has anything to do with the "mom" or the "children" and therefore only needs to produce the amount of economic production that is necessary to support himself.2. Also note the significant amount of "faux" economic production. Namely the welfare spending of the government and the "make work government jobs" that are disproportionately filled by women. Also, notice such an economy of nothing but teachers, social workers, therapists, counselors, etc. is unsustainable, thereby requiring additional financing by the Chinese (again, not real economic production).3. Notice the disconnect from the guy. The guy is standing alone, separate from the upper half. This means he is not only alienated from the economy, but also socially alienated. He has no family, he has no children, and if he does, thanks to divorce chances are he is more or less removed from that as well. He may as well be removed from this entire economy and country, and this shows in more and more men looking overseas for not just jobs, but families and lives.4. I didn't draw it, but the upper half of the economy will inevitably demand the "guys" below pay more in taxes to support the government-daddy-hubby matrix. More schools, more health care, free day care, etc. etc., just look at what the feminists and communists are clamoring for and you'll see. Additionally, this only provides further incentive for the guys below to work less, if not, collect a government check themselves, if not consider green pastures in other economies.Ultimately though, the above model results in something that is loathed by BOTH ardent feminists and religious conservative types - the HATED Peter Pan Syndrome Man or "Manchild."With their primary incentive (women) to engage in economic production eliminated why should they? Without a potential future wife, let alone children, they can stay at home and bang on their drums all day because the average man needs a mere fraction of the money to survive and support himself than the average woman does. Oddly enough, men seem to be OK with this. It's other people that are having the problems.The feminists/communists are pissed because these naive men were supposed to keep on working to pay the taxes to support their socialist utopia (though I doubt most feminists think that much about budgetary economics and fiscal policy).Religious types are angry because these men aren't "manning up" and creating more Christians/Muslims/Jews/Etc.Women are angry because "why can't I find a maaaaaan?" And "where have all the good men gone!? Why, I have my triple masters in social work and I'm an independent strong woman! You know, that's what it is! Men are sexist pigs who are just intimidated by a strong, independent woman like me! You probably want one of those hot, long legged, big boobed women! Well, you know what, you're shallow! If you don't like me and my muffin top, then you're not good enough for me!"Meanwhile today's marrying-age man (most likely VERY aware of the divorce his father went through in the 80's/90's) is noticing some of the benefits of bachelorhood, XBox and scotch.Regardless, the larger point is not the socio-romantic consequences of the "Man Child" or "Peter Pan Syndrome." It's the economic consequences. Communists, poorly dressed as feminists, have taken the one thing that truly matters and has given men reason to live throughout history away from them- a wife, and consequently a family. Without that incentive men have no reason to work hard, innovate, create or excel except for themselves. Some, yes, will go onto try hard and create riches for themselves, but most others will merely create enough economic production to "get by" pursuing leisure over labor (besides, with this economy, like they have a choice). This wreaks havoc on the economy in that by taking out that one bottleneck (women) feminists have effectively sent the US economic engine into a coma, producing a mere fraction of what it's capable of doing.Ergo, we here in the Manosphere aren't "bashing women" because it's a "he-man woman's hater club." We aren't here because we find the battle of the sexes interesting. And we aren't here because we're whining. We're here for economic purposes. We are identifying, warning people about, and assailing the single largest economic threat to not just this economy and other free-market economies, but to freedom across the globe. Feminism is NOT about women, it is a Trojan Horse for communism. And all the accusations in the world of us being "sexist" or "misogynist" will never stop us from pointing that out and exposing feminism for the evil it truly is.HHR4HM7ZPMV3
Germany will pay Greek aid (Spiegel) Spain Banks Face More Pain as Worst-Case Scenario Turns Real (Bloomberg) China’s Growth Continues to Slow (WSJ) Executives Lack Confidence in U.S. Competitiveness (WSJ) Poor Market Conditions will See 180 Solar Manufacturers Fail by 2015 (OilPrice) Wen upbeat on China’s economy (FT) Gold remains popular, despite the doubts of economists (Economist) Armstrong Stands to Lose $30 Million as Sponsors Flee (Bloomberg) IMF urges aid for Italy, Spain but Rome baulking (Reuters) EU Summit Highlights Financial Divide (WSJ) FOMC Straying on Price Target, Former Fed Officials Say (Bloomberg) Putin defiant over weapons sales (FT) India and Australia Agree to Start Talks on Nuclear Trade Deal (Bloomberg) European Economic Summary Switzerland Trade Balance 2.01B. Previous 1.61B. Sweden Unemployment 7.8% - in line with consensus. Consensus 7.8%. Previous 7.8%. UK Retail Sales Ex Auto Fuel 0.6% m/m 2.9% y/y – higher than expected. Consensus 0.3% m/m 2.4% y/y. Previous -0.2% m/m 2.9% y/y. Spain Trade Balance -3145.1M –lower than expected. Consensus -2500M. Previous -1692.6M Poland Producer Prices 0.6% m/m 4.6% y/y. Previous 1.2% m/m 4.2% y/y. Overnight Media Digest FT ROSNEFT SET TO CLINCH DEAL ON TNK-BP The chief executive of Rosneft will on Thursday finalise a deal with BP that will turn the Russian oil group into the world's largest publicly traded crude oil producer. HIGH STREET HIT BY RISE IN RETAILER CLOSURES British retail chains shut an average of 20 stores a day in the first six months of this year as the pace of high street closures accelerated. PARIS STEPS IN OVER TROUBLED PEUGEOT UNIT The French government has been forced to step in with a rescue package for troubled carmaking group PSA Peugeot . ARMSTRONG DROPPED BY SPONSORS Nike, RadioShack, AB InBev and Trek have dropped their sponsorship deals with Lance Armstrong, once one of the world's most endorsed athletes. NEW CITI CHIEF SEEKS TO REASSURE BANKERS Citigroup's new boss Mike Corbat is rushing to plug the gap he left at the helm of the U.S. bank's European business. 'WIZARD OF OZ' BOWS OUT OF MOORE CAPITAL Greg Coffey, one of the UK's biggest hedge fund stars, has resigned from Moore Capital Management. JOHNSON WARNS ON AIRPORT PLAN DELAYS Boris Johnson on Wednesday raised the possibility of legal action over delays of government aviation policy. EUROPE BANKING SUPERVISOR PLAN 'ILLEGAL' A plan to create a single euro zone banking supervisor is illegal, according to a secret legal opinion for EU finance ministers. VOLCKER CRITICISES BANKING REFORM MOVES A few simple rules should form the backbone of bank regulation after the financial crisis, former U.S. Federal Reserve Chairman Paul Volcker said on Wednesday. FOREIGN MONEY SEEKS LONDON PROPERTY New figures show the flow of foreign money seeking a home in London means the capital now accounts for a third of total European investment transactions. WSJ * Sprint Nextel Corp is in talks to gain control of partner Clearwire Corp's board via agreements with the wireless broadband operator's other investors, people familiar with the matter said. * BP Plc is close to a pact to sell its 50 percent stake in troubled Russian venture TNK-BP Ltd to state oil company NK Rosneft' OAO for about $25 billion in cash and shares, people close to the talks said. * Oil-rich Angola launched a $5 billion sovereign-wealth fund that will focus on infrastructure and hotel projects at home and will seek investment opportunities beyond the borders of the southern African country. * ASML Holding NV launched a 1.95 billion euros ($2.56 billion) cash and shares offer for U.S.-based Cymer Inc as it tries to speed the development of the next generation of microchips needed to improve the performance and efficiency of smartphones and tablets. * PepsiCo Inc's soda brands continued to gain share in North America in the third quarter. Pepsi reported a 4.9 percent decline in third-quarter earnings due to higher costs, more spending on advertising and unfavorable currency translation. * Commercial fallout from doping allegations against Lance Armstrong hit Wednesday, as Nike Inc, RadioShack Corp , Anheuser-Busch InBev Worldwide Inc, the makers of Trek bikes and Giro helmets, and others distanced themselves from the former cycling champ. * A former U.S. corporate leader and Goldman Sachs Group Inc director, Rajat Gupta, should spend up to 10 years in prison for "shocking" crimes that led to his insider-trading conviction, prosecutors said. However, lawyers for Rajat Gupta said he should receive probation and community service. * The death toll from fungal-meningitis cases rose to 19 people on Wednesday and health officials said that about 250 patients have contracted fungal meningitis tied to a steroid injection from the New England Compounding Center of Framingham, Massachusetts. NYT * Sprint Nextel Corp is seeking greater control of Clearwire Corp, the wireless network operator in which it owns close to a majority stake, through negotiations with its partners in the company, people briefed on the matter said. * One way or the other, NK Rosneft' OAO, the Russian state oil company, is poised to significantly expand its oil and gas holdings in Russia. And BP Plc, its latest Western partner, could benefit from whatever move Rosneft makes. * Exxon Mobil Corp agreed to buy Celtic Exploration Ltd for about $3.1 billion in cash and stock, as it sought to expand its presence in the energy-rich shale formations of western Canada. * The Dutch semiconductor equipment maker ASML Holding NV agreed to buy Cymer Inc, a maker of microchip components, for 1.95 billion euros ($2.56 billion). * Following the doping scandal, Lance Armstrong fell further from grace on Wednesday. Nike Inc, the sports brand most closely associated with his racing days, was among several companies severing ties with him. * A judge handed Warner Brothers a major victory in its quest to defend its Superman franchise, ruling that heirs of the comic book hero's co-creators have no right to seize control of half of the lucrative property. * Federal prosecutors want Rajat Gupta to spend as much as 10 years in prison for insider trading. However, Gupta's lawyers have pleaded for a lenient sentence of probation, accompanied by an order that he perform community service. * eBay Inc reported that net income in the third quarter rose $597 million, or 45 cents a share, a 22 percent jump from the quarter a year earlier. Revenue climbed 15 percent to $3.4 billion. * Bank of America Corp reported a slim $340 million quarterly profit even after doling out huge payments to settle legal claims from its takeover of Merrill Lynch during the financial crisis. Canada THE GLOBE AND MAIL * After pushing back retirement benefits for millions of Canadians earlier this year, the Conservative government is shrinking the generous pensions of MPs and federal public servants. * Ontario Premier Dalton McGuinty's office established a high-level initiative code named Project Vapour to manage the fallout from the government's decision to pull the plug on a multibillion-dollar power plant, documents show. A dozen e-mails, made public days before McGuinty resigned, show that the premier's closest advisers were directly involved in sensitive talks with TransCanada Corp, the Calgary energy giant that was to build the province's third-largest gas-fired power plant in Oakville. Reports in the business section: * Exxon Mobil Corp is acquiring Celtic Exploration Ltd for $2.6-billion, capping ten years of growth for the Calgary company that has amassed large tracts of land that are rich with liquid hydrocarbons and natural gas that could one day be exported to Asia. * The venerable Hudson's Bay Co is accelerating its makeover for 21st-century retail, with a public share offering that would value Canada's oldest company at up to $2.6-billion. NATIONAL POST * A subsidiary of a Brazilian-based company that calls itself a leading animal protein processor in the U.S. and Australia says it is taking over management of XL Foods, the Alberta-based plant at the heart of the recent beef recall. * Two months after the 23-year-old wife of Manitoba senator Rod Zimmer was thrust into the spotlight after causing a disturbance on an airliner, she is kicking off her acting career by starring in an independent film about a world ruled by women. FINANCIAL POST * During Tuesday night's U.S. presidential debate, Mitt Romney once again painted Canada as a glowing example of a country where corporate tax rates are done right. "Canada's tax rate on companies is now 15 percent, ours is 35 percent," Romney said during the debate. "So if you're starting a business, where would you rather start it?" So is he right about Canada being a better place to start a business? * After Potash Corp slashed its earnings guidance on Wednesday, many investors had one question: What took so long? Fly On The Wall 7:00 am Market Digest ANALYST RESEARCH Upgrades American Eagle (AEO) upgraded to Outperform from Market Perform at Wells FargoAnnaly Capital (NLY) upgraded to Market Perform from Underperform at Wells FargoAtwood Oceanics (ATW) upgraded to Overweight from Equal Weight at Morgan StanleyConocoPhillips (COP) upgraded to Neutral from Sell at GoldmanDuke Energy (DUK) upgraded to Buy from Neutral at CitigroupEast West Bancorp (EWBC) upgraded to Outperform from Market Perform at Keefe BruyetteHarley-Davidson (HOG) upgraded to Buy from Neutral at GoldmanLindsay Corp. (LNN) upgraded to Outperform from Market Perform at William BlairPacWest Bancorp (PACW) upgraded to Outperform from Market Perform at Keefe BruyetteSeadrill (SDRL) upgraded to Buy from Neutral at GoldmanTaylor Capital (TAYC) upgraded to Market Perform from Underperform at Keefe BruyetteU.S. Bancorp (USB) upgraded to Positive from Neutral at SusquehannaWestern Refining (WNR) upgraded to Buy from Neutral at Goldman Downgrades Abbott (ABT) downgraded to Market Perform from Outperform at Raymond JamesCSX (CSX) downgraded to Hold from Buy at Deutsche BankComerica (CMA) downgraded to Neutral from Buy at Sterne AgeeDeutsche Bank (DB) downgraded to Underweight from Neutral at JPMorganHalliburton (HAL) downgraded to Equal Weight from Overweight at StephensLinear Technology (LLTC) downgraded to Neutral from Buy at NomuraPotash (POT) downgraded to Sector Perform from Outperform at RBC CapitalQuestar (STR) downgraded to Neutral from Buy at CitigroupReinsurance Group (RGA) downgraded to Market Perform from Outperform at Keefe BruyetteRoyal Dutch Shell (RDS.A) downgraded to Sell from Neutral at GoldmanSkullcandy (SKUL) downgraded to Market Perform from Strong Buy at Raymond JamesSt. Jude Medical (STJ) downgraded to Hold from Buy at CanaccordSt. Jude Medical (STJ) downgraded to Market Perform from Outperform at William BlairSt. Jude Medical (STJ) downgraded to Neutral from Buy at GoldmanStanley Black & Decker (SWK) downgraded to Market Perform from Outperform at Raymond JamesStryker (SYK) downgraded to Perform from Outperform at Oppenheimer Initiations Excel Trust (EXL) initiated with a Buy at CantorFusion-io (FIO) initiated with an Equal Weight at BarclaysRamco-Gershenson (RPT) initiated with an Outperform at Raymond JamesZillow (Z) initiated with a Buy at Goldman HOT STOCKS WESCO (WCC) acquired EECOL Electric Corp. for C$1.14BVerizon (VZ) to transfer $7.5B in management pension plan obligations to Prudential (PRU)Moody's placed Murphy Oil’s (MUR) Baa3 senior unsecured ratings on review for downgradeSprint (S) disclosed intent to acquire Eagle River's Clearwire (CLWR) holdingseBay (EBAY) said mobile continues to be a game changer for usSaid "increasingly confident" in FY12, FY13 plansSees international expansion as "significant opportunity" for the companyExpects active users to double in next three to five yearsStryker (SYK) sees market conditions remaining challenging in EuropeAlbermarle (ALB) expects market, economic conditions to remain ”unstable”Eli Lilly (LLY) said FDA approved new use of ALIMTA for NS NSCLCCore Laboratories (CLB) sees 2013 outlook "positive"Gold Fields (GFI) reported full turn-out at Beatrix Gold Mine ACE (ACE) to by Ally Financial's Mexican insurance business EARNINGS Companies that beat consensus earnings expectations last night and today include:WESCO (WCC), Polaris Industries (PII), Diamond Offshore (DO), Huntington Bancshares (HBAN), Ethan Allen (ETH), Steel Dynamics (STLD), Core Laboratories (CLB), Reinsurance Group (RGA), SLM Corp. (SLM), eBay (EBAY), Albermarle (ALB), RLI Corporation (RLI) Companies that missed consensus earnings expectations include:Danaher (DHR), BB&T (BBT), CVB Financial (CVBF), Noble Corporation (NE), Align Technology (ALGN), Stryker (SYK) Companies that matched consensus earnings expectations include: Fifth Third Bancorp (FITB), Verizon (VZ), HNI Corporation (HNI), Crown Holdings (CCK), Covanta (CVA), American Express (AXP) NEWSPAPERS/WEBSITES China said its economy slowed in Q3, weeks before it changes leadership, compounding concerns about the outlook for growth growth. The GDP fell to 7.4%, China's National Bureau of Statistics said, down from 7.6% in Q2, the weakest since the beginning of 2009, the Wall Street Journal reportsResidential construction in the U.S. picked up momentum in September and now is running at its highest level in four years. Builders started work on new houses and apartments at a seasonally adjusted annual rate of 872,000 units last month, the Commerce Department said, up 15% from August and 34.8% from September a year ago, the Wall Street Journal reportsA troubled world economy took a toll on much of Corporate America in Q3, raising concerns among investors that the year-long streak of profit growth could be nearing an end as CEOs run out of costs to cut and customers are increasingly concerned about spending, Reuters reportsPrivate equity firms plan to increase investment in Asia over the next year as they look to tap into potential growth, a survey from Ernst & Young ERNY.UL showed. About 83% of PE firms surveyed for its Global Capital Confidence Barometer, said they planned to increase investment activity in emerging Asian countries, Reuters reportsToyota Motor (TM) may cut its 2012 group-wide production plan by about 2% because of a drop in sales in China after a territorial fight, according to the Mid-Japan Economist newspaper, Reuters reportsLenovo Group (LNVGY) said slowing demand in the PC market, where it passed Hewlett-Packard (HPQ) to become the global leader last quarter, is a good reason for it to expand into smartphones, Bloomberg reports SYNDICATE Anacor Pharmaceuticals (ANAC) files to sell common stockCytRx (CYTR) 8M share Spot Secondary priced at $2.50Howard Hughes (HHC) files to sell 20.21M shares of common stock for holdersImmunoCellular (IMUC) files to sell common stock and warrantsLexicon Pharmaceuticals (LXRX) to offer common stockMannKind (MNKD) files to sell common stock and warrantsPalo Alto (PANW) Networks 4.8M share Secondary priced at $63.00Tornier (TRNX) files to sell 1.94M ordinary shares of common stock ACTIVIST/PASSIVE FILINGS SAC Capital reports 5.1% passive stake in Plains Exploration (PXP)Kensico Capital reports 11.35% stake in WebMD (WBMD)
Hop in the Captain's F-22 fighter jet and let's go for a ride. We're going to do an exercise in liberal economic thought. Specifically, we are going to follow the typical American liberal's economic model or beliefs to their logical conclusion or end, and in doing so learn a lesson I think all people in the political spectrum can appreciate. Without taking too many liberties (and simplifying things down a lot) the average non-economist American liberal is more prone to believe in a watered down Keynesian version of economics that goes something like this -"Productivity doesn't matter, activity matters - any activity. As long as there is some kind of economic activity, specifically transactions and things are 'movin' around' inevitably the economy will grow. If there isn't enough sloshing around in the economic primordial goo or "Great Liberal Economic Oort Cloud," government can come in and with ANY kind of stimulus, shake things up a bit, and boom, we're magically back to economic growth."Again, I'm not saying I agree with this, but I think we can all agree this is more or less what the average, non-economist American liberal has in terms of an economic model or understanding of how the economy works (and intellectually honest liberals will admit this). Besides, you don't have to take my word for it. All you have to do is look at statements made by Barack Obama and Nancy Pelosi. Obama claims he'll just "create" 600,000 more teaching jobs, 200,000 in clean energy, etc. etc., with no plans or details on how, just mix it up. And evidencing to the "activity over productivity" aspect of this liberal model, Nancy Pelosi (and I believe Joe Biden) have said unemployment checks help stimulate the economy. So even though this simplified, genuinely dumbed down version of an economic model sounds insulting, that really is how most liberals believe an economy operates.Now since productivity ultimately doesn't matter in the liberal's economic model, by logic (and tell me if I'm wrong here) this means it doesn't matter what we produce. Under a free market, real world economic model, it is the demands and desires of the customer that drives production. But under this liberal economic mindset we just need the absolute value of "ACTIVITY." And since "any activity" is "good activity," said activity is NOT dictated by the demands and desires of the people.The question is, who or what determines then is going to be this magical Keynesian "activity?"Answer - the government.However, there's more to it than simply "government." Specifically, we have to ask ourselves how will agents of the government come around to determining what activity to engage in?It's simple. They'll choose something that's easy and fun.When given the choice of "what to produce" (because, again, according to this model it doesn't matter WHAT we produce, long as we're doing something) do you think liberals, government bureaucrats, and public sector union members are going champion making hard-to-produce items that require math, technology, engineer, studying, rigor, research and sweat?Hell no. They're going to choose something easy.Ergo, what do liberals ALWAYS ALWAYS ALWAYS ALWAYS ALWAYS champion as their "path" or "route" to economic growth? There are five that come to mind.1. Health care (not nursing, doctors or pharmaceuticals, but spending on health programs and the like)2. Education3. "Green Anything"4. Activism/Non-Profit5. Welfare"Industries" or "jobs" that require no skill and no effort, and are PURELY there, in an economically ass-backwards way, to serve the worker and not the customer. And understand the logic here. If it isn't going to be up to the customer as to what is produced, then the choice of what to produce defaults to the employee/producer (this goes along way in explaining why so many idiot children major in the liberal arts). I'd like to say this is the only reason these type of industries are championed by the government - that they're "fun" and "easy." But sadly, logic also tells us there are other reasons liberals champion such "industries," namely politics.If you look at the list above, you'll realize championing such industries does two things beyond the supposed Keynesian benefits. One, it benefits the politician who's advocating spending on these things because they're all "noble and good." He/she can claim they're "investing in our future" when in reality they're merely mortgaging it and pissing it away. Doesn't matter than these things are SPENDING with no positive rate of return (which if there was a return would make it a GENUINE investment), Americans are too stupid to know the difference between an investment and spending. The politician benefits from this ignorance. Two, it inoculates the politician championing these causes from his/her rivals because they can hide behind the nobility of these causes.Are you against education? You hate children.Are you against government spending on green programs? You hate the environment.Are you against welfare? You hate poor people, women, children and minorities.In the end you have what I believe to be the most brilliant, pinnacle achievement in all of political history - a political organism or entity, that produces nothing, gets it financing from other sectors of the economy, to employ its own political agents in (largely) make-work jobs, while at the same time commandeering and hiding behind various noble social aims (help the poor, help the children) to rationalize its parasitic nature, ALL WHILE GETTING THE BLESSING FROM ITS HOST IN THE FORM OF BEING ELECTED IN TIME AND TIME AGAIN. It's brilliant because people willingly vote this in!Now I know, I know. If you're like me your blood pressure is rising because you too are also gifted with Super Awesome Economic Genius (TM) and can plainly see none of this leads to economic growth. But remember our original goal here. This is an exercise in liberal economic thought to follow it to its logical end, not a political analysis. So let's have ourselves a shot of Rumpie, set politics aside and return to economics.Now, since it doesn't matter what we produce, just as long as we're doing something and mixing it up in the economic goo, according to the average American liberal, our GDP would ideally look something like this:(I threw in "Whole Foods" "Coffee Shops" and "Unicorns" to account for the sliver of private sector production liberals typically accept as "permissible private sector activity")Of course we know this isn't a viable or sustainable economy. Nobody is producing the food. Nobody is producing the power. Nobody is producing the doctors. Nobody is producing the Priuses. A lot of things are missing for a sustainable economy. So if this economic model isn't sustainable, how can anybody (liberal or conservative) support this? Very simple young aspiring economists.International trade.You see, according to this liberal economic model, thank god we have the Chinese, Mexicans and Indians, because while we'reeducating our children merely for the sake of educating them, spending trillions of health programs to keep people alive while expecting them to do nothing in return, going to the local OWS camp to protest reality, majoring in English though we speak it, and blowing $500 million on the the likes of Solyndra, those suckers..errr...I mean "charitable foreign folk" are slaving away making all the stuff we inevitably really do want to consume. Things like, oh, I don't know, FOOD and ummm...APPLE PRODUCTS and um...CELL PHONES and umm...COMPUTERS and umm....CARS and um...well, frankly, anything that requires a skill liberal-art majoring Americans are too damn lazy to learn and do themselves. Now, in the average, non-economist liberal's mind, problem solved! We produce what we want to make while foreign suckers...errr...our "foreign friends" produce the stuff we actually want. And as a bonus, our foreign friends will even loan us the money to pay for all this stuff.It is here, I believe I have fully flushed out and thought through the average American liberal's economic model to its logical end in their minds. As far as they're concerned, this is a complete economic model. They not only get to do what they want, they get to consume what they want, warm kumbayaa fuzzies for everyone.The problem is it doesn't stop there.Just because the average non-economist American liberal doesn't understand international trade, debt, not to mention the difference between a billion and a trillion, doesn't mean the realities of economics won't come crashing down on this model. Carrying it further, we obviously see some problems.One, their entire economic system hinges on debt. That foreign countries are going to not only perpetually make what we want while we offer them nothing in return (ie - we want electronics, how many Chinese want a book on "Women's Studies?"), they going to stop loaning us money because they're afraid we'll never pay them back. If you were the chairman of the economic committee in China would you continue to loan money to a country that spends all of its money on people who don't produce, people who are going to die soon, and people who major in "Art History" instead of chemical engineering? Set the nobility of welfare and social security and the chilllllldrnnnnnn aside. China doesn't care. They want their money back, and we, frankly, don't have the productive capacity to produce they valuable stuff to pay them back.Second, it also assumes the dollar never collapses. Understand what gives a currency its value. It's not because the government SAYS it has value. It's because people (either here or abroad) can take our dollars and buy US made goods with them. But if the US DOESN'T MAKE ANYTHING ANYBODY WANTS WHO IS GOING TO WANT TO BUY DOLLARS??? What are they going to buy?? An "English Degree?" 50 Shades of Gray? Are those the US-made goods we're going to make to pay back our $16 trillion debt? If I did my math right, that's 800 billion copies of 50 Shades of Gray. So every person on the planet needs to buy, what, roughly 133 copies of "50 Shades of Grey?" Are you kidding me?And finally, it is an enormous display of arrogance on our part. I didn't realize this until I talked to a student at Macalester College in St. Paul. I asked her what she was studying, she said, "international studies." I asked her what she was going to do with that and she said, "Oh, well, I go work for the UN or government." Don't you want to produce something or don't you need experience? Why would they hire you? "Oh, that school doesn't offer degrees in those things. They teach us leadership and management."I realized what I was witnessing. A veritable child thinking she has the wisdom and experience to lead - aka - tell other people what to do, just because she went to a really overpriced and crappy school.This led me to realize just what we are effectively "telling" the rest of the world when our kids major in "Literature" while the rest of the world's children major in math and the sciences."Take care of us."And it's worse than that. In pursuing the policies that are implied by the average, non-economist, American liberal's economic model, we are essentially dictating roles to the rest of the world.China will be the manufacturers and workers of the world. They'll produce our physical wares and electronics.Mexico will be the farmers. They will grow our food.India will be our computer programmers and make those Chinese-made computers really fun.Brazil and Australia will provide the raw materials so all those other countries can make the stuff we want.And the US? Oh, us? we'll be the stay at home trophy wife. We'll be the world's shopping mall. Nothing is made here, just bought and consumed, and all those other countries will finance our spending habits.Oh, what's what?"What will we provide in return to all those countries slaving away making our stuff?Why, leadership of course!Through the UN, non-profits, Peace Corp, Ameri-Corps, consultancies, our educational institutions, and other various NGO's, we'll tell the rest of the world how they should behave and act. You see, we're really good at it. We have millions of 25 year old children who never worked a day in their lives, but that's OK. They all have masters degrees in "International Studies" and "International Gay Lesbian Art Studies." They're really smart and will tell you what to do! You can thank us later!Heh, I'm sure the rest of you can complete this exercise and logically figure out where it ends.HHR4HM7ZPMV3