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 by Vir, Level 58
Last updated at July 25, 2009, 2:49 pm
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Would you like the Taser on your balls, in your ass, or to burst you into flames?
Fox news reports about a Sydney man who police confronted for sniffing gasoline. From the story:Western Australia police said they were responding to a complaint at a house when Mitchell ran outside the house carrying a cigarette lighter and a large plastic bottle containing what they believe was fuel. When he refused to stop running toward them, one officer Tasered him, police said in a media release.
The man was immediately engulfed in flames. The officer threw him to the ground and smothered the blaze with his hands, the statement said. Mitchell was charged with assault to prevent arrest and possession of a sniffing substance.
In other news concerning taser abuse, a police officer sexually abused a handcuffed man.
"You feel this?” “Yes.” “You feel that, that's my taser on your ass.” “OK." said Officer 3 to suspect.
With the suspect already handcuffed -- the officer refered to as Officer 3 used vulgar language, threatened the man, and tased him a second time on his bottom.
(from taped recording)
"If you look again, I am going to stick this taser up your ass and pull the trigger.” “I am sorry.” Do you understand it?” “Yes, I do."
"Now do you feel this on your balls” “I am not going to move, I am not going to move.” “I am going your balls if you move again," said suspect and officer.
"Okay, I am going to take this taser out of your *******. Are you going to fight with me?” “No, no, OK," said suspect and officer.
If this officer had done the same thing to a female suspect, sticking a taser on her ****** then her ******* and tasing her ass, it would be front page news. Why are police allowed to do the same thing to a man and get away with it? By the way, the officer in question tried to erase the tape of the incident, but the prosecuters office found "Nothing Criminal" with his conduct. The officer is still on the job, and the man who got his ass tased and was threated with rape is facing criminal charges.
Do Dogs Forgive Michael Vick?
In lighter news, DJ Gallo has quotes from various dogs on how they feel about Michael Vick. From the aricle:
"Michael Vick just needs to make the point that he is willing to help a team in any way he can. Personally, I know someone that could really use a good holder."
-- Snoopy
Economics 101
One of the myths pushed by Obama supporters and fake Republicans is that "Every economist was for a bailout!". This is simply false. In fact, many economists who saw the bubble coming are the same ones who though government bailouts were the worst thing we could do.
One of the most popular people who subscribe to this point of view is Peter Schiff. He saw our economic crisis coming, and opposes the bank bailouts. Peter is going to be running for the Senate in 2010. He recently gave an interesting speech on economic bubbles which is both funny and informative, providing real life examples of how irrational people become during bubbles. From the speech:
And I remember one country I was active in was New Zealand, and I remember trying to convince people who owned shares of stocks, like Yahoo, why they should sell their Yahoo and buy a stock in New Zealand.
I would point out that Yahoo was worth twice the entire country of New Zealand; every stock they had, all the real estate.
I'd say, "What would you rather own, this entire country?" The dividend yield on the New Zealand stock market was over a billion dollars a year. That was the dividend yield. Yet Yahoo was trading for more than twice the value of that whole stock market.
I said, "What would you rather own, this company that just got started a couple years ago, or this whole country? And you could take all the dividends." No. No one cared; they wanted Yahoo. But it was just all nonsense, but nobody saw it.
We need more politicians who can see problems coming, rather than propagandize the population. Support Peter Schiff for Senate in 2010!While many of the pundants are prasing the fact that the DOW has gone over 9000 last week. However they ignore the fact that the dollar has been heading down. From the article:
July 23 (Bloomberg) -- Treasuries declined, with 10-year notes falling the most in almost seven weeks, as stocks rose and the U.S. announced plans to sell a record $115 billion in notes in four auctions next week.
Meanwhile the US government announced more treasury auctions next week, to the tune of 235 billion dollars. In one week! Karl Denniger appropriately summed up market watchers feelings on Obama's spending spree in two words. "HOLY ****"
My old buddy Walstreetpro has a solution. Buy silver and break Chinese ****.
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Nyquillol Jul 25, 2009 at 3:06 pm
+1 votes
President Obama needs to get out of the media and reset his image a little bit. Health care reform is in trouble to say the least (Thanks Rahm), and our economy is not fixed yet (though there are some positive signs starting to emerge).
The senate races in 2010 will be a very interesting "report card" for Obama and his administration.
The senate races in 2010 will be a very interesting "report card" for Obama and his administration.
likwitsnake Jul 25, 2009 at 3:09 pm
+1 votes
Peter Schiff needs a lesson on finance valuation. Dividend yields is such an elementary way of putting a tangible value on a volatile stock like Yahoo.
Vir Jul 25, 2009 at 3:20 pm
+0 votes
Yahoo was at 500 during the highs he was talking about. It's at 17 today. Do you think a hypothetical person would have been better off investing in the country of NZ or Yahoo?
likwitsnake Jul 25, 2009 at 3:31 pm
+1 votes
Vir said
Yahoo was at 500 during the highs he was talking about. It's at 17 today. Do you think a hypothetical person would have been better off investing in the country of NZ or Yahoo?
Historically, Yahoo has had 5 stock splits, which means their stock price should value lower. Most analysts use free cash flow discounting, and as I see it from their price fluctuations, they had an exorbitant terminal value for Yahoo's earnings potential - something that has not been realistic given that Google commands a greater market share for the industry.
Yahoo valuation: FCF/(1+CoC)^1 + FCF/(1+CoC)^2....FCF/(1+CoC)^N + Terminal Value/(1+CoC)^(N+1)
This is what I think they got wrong, the highlighted part. This is the proper way to value stocks, not dividend yields.
Refused Jul 25, 2009 at 5:00 pm
+2 votes
Some of what the video has to say I would consider legitimate even
after voting democrat in the last election. Pinning this problem on
everyone though is what needs to be done. Obama clearly can not solely
fix the problem on his own like a lot of people think.
I understand the bailout was a mistake in many aspects though, but it
does seem that within my corporation alone that hours and money is
freeing up at an amazing rate. People are out spending much more money
and come in much larger groups. We are busy again.
What I fail to understand is why the students are being fined for the
bailout. I am continuing my education after grad and still find a $255
fee per semester on my tuition. I don't understand the logic behind
that. I get money, get taxed on said money, pay the money back in fees,
and walk out with more spent than I ever got in. Fairly backwards
considering educational programs have been known to bail countries out
of economic crisis.
after voting democrat in the last election. Pinning this problem on
everyone though is what needs to be done. Obama clearly can not solely
fix the problem on his own like a lot of people think.
I understand the bailout was a mistake in many aspects though, but it
does seem that within my corporation alone that hours and money is
freeing up at an amazing rate. People are out spending much more money
and come in much larger groups. We are busy again.
What I fail to understand is why the students are being fined for the
bailout. I am continuing my education after grad and still find a $255
fee per semester on my tuition. I don't understand the logic behind
that. I get money, get taxed on said money, pay the money back in fees,
and walk out with more spent than I ever got in. Fairly backwards
considering educational programs have been known to bail countries out
of economic crisis.
Bwozz Jul 25, 2009 at 6:15 pm
+1 votes
Yea that ***** would have been on the today show and everything crying about how she got tased, a dude gets tased and everyone is like OH WELL LOL. Really ****** up that the police officer is still on the job too, if he did that to a woman everyone would know his name, the ****in governer would have apologized to the whole country, and olberman and o'reilly would be yelling through the T.V. at us about it for weeks.
Hogan Jul 25, 2009 at 10:39 pm
-3 votes
The taser stories weren't that funny but I liked the political part of your blog. If you would have thrown in a "dont taze me bro" joke I would appreciated it more.
It's funny to see Obama saying the stimulus packet is working as intended as about 10% (last I checked) is only in rotation so far, yet it's looking a little brighter. I predict about 20-25% will be spent by the time we get back out and then the rest of the money is just ******* wasted and we'll spend trillions in interest.
Obama's health care also scares the **** out of me. He has no Idea what the **** he's doing, yet he's rushing it as fast as he can because he knows his support is just declining with time. He seems more focused to pass it for the sake of passing it, who cares if it makes no sense and suck? I havent heard a concrete detail about it, other than how it's gonna be cheap. Of course he never tells us why its cheaper or a better choice...
It's funny to see Obama saying the stimulus packet is working as intended as about 10% (last I checked) is only in rotation so far, yet it's looking a little brighter. I predict about 20-25% will be spent by the time we get back out and then the rest of the money is just ******* wasted and we'll spend trillions in interest.
Obama's health care also scares the **** out of me. He has no Idea what the **** he's doing, yet he's rushing it as fast as he can because he knows his support is just declining with time. He seems more focused to pass it for the sake of passing it, who cares if it makes no sense and suck? I havent heard a concrete detail about it, other than how it's gonna be cheap. Of course he never tells us why its cheaper or a better choice...
Ohflip Jul 25, 2009 at 10:58 pm
+1 votes
"I havent heard a concrete detail about it, other than how it's gonna be
cheap. Of course he never tells us why its cheaper or a better choice..."
This has been the problem since the election, he is promising all these things that he will do and stating what that will accomplish yet we have no idea how this will happen or how he came to the conclusion that A would lead to B....
cheap. Of course he never tells us why its cheaper or a better choice..."
This has been the problem since the election, he is promising all these things that he will do and stating what that will accomplish yet we have no idea how this will happen or how he came to the conclusion that A would lead to B....
Hogan Jul 25, 2009 at 11:12 pm
-1 votes
You're right. I don't know how he can give out the promises with absolutely no philosophy how he's going to accomplish it. But I guess he's a politician...
Ohflip Jul 26, 2009 at 4:37 pm
+1 votes
Yes very true he is a politician, but that is the problem that is a valid excuse in the first place. When B.S (Bureaucrat Speak) determines who wins an election, the problem is bigger than the politicians.
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