7,000,000,000th Person Joins Earth, RPN gets older (link dump)

37 times around the Sun, now with 7,000,000,000 of my closest friends.   Thus we mark the year.

October 31, 2011

The U.N. estimates that the world’s population will pass the 7 billion mark on Monday.

Much of that growth has happened in Asia — in India and China. Those two countries have been among the world’s most populous for centuries. But a demographic shift is taking place as the countries have modernized and lowered their fertility rates. Now, the biggest growth is taking place in sub-Saharan Africa.

For all the actual problems the world faces, this is one that I think will largely moderate itself as more and more of humanity catches up to the present (in the 21st century, unless your political climate is noxious towards women, there are ample methods for taking control of one’s reproductive life).

Wage stats for 2010.  No surprise here…

Based on data in the table below, about 66.2 percent of wage earners had net compensation less than or equal to the $39,959.30 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $26,363.55 for 2010.

[full stats]

When the average is 50% higher than the  median it’s probably a situation where people are taking to the streets to protest and….oh.  And yes you read that right, half of wage earners earned less than $27K last year.  These are the folks every Republican candidate wants to *raise taxes* on (i.e. “expand the base”), while cutting them further for the wealthy.

Palestine goes for country-hood, U.S. promptly pulls funding (I hate this crap, the UN created Israel, but somehow it horrible to use the same mechanism to create Palestine).

PARIS (Reuters) – The United Nations’ cultural agency decided Monday to give the Palestinians full membership of the body, a vote that will boost their bid for recognition as a state at the United Nations.

UNESCO is the first U.N. agency the Palestinians have joined as a full member since President Mahmoud Abbas applied for full membership of the United Nations on September 23.

[full story]

–followed by–

The United States has announced it will stop its financial contributions to the United Nations Educational, Scientific and Cultural Organization (UNESCO) after the body admitted Palestine as a member on Monday.

“We were to have made a $60 million payment to UNESCO in November and we will not be making that payment,” said the US State Department’s spokeswoman, Victoria Nuland.

[full story]

This is another one of those things where the Obama administration is doing exactly what conservatives want them to do, but will get absolutely no credit whatsoever for doing it.   Indeed, this will likely be interpreted as “throwing Israel under the bus” when in reality what we are doing, once again, is “going to the mat for an unthankful ally who ignores our requests they stop violating the law“.

Just to get an idea of what crap goes on and gets called justice over there…

An Israeli court on Thursday threw out a lawsuit filed by a Palestinian family that lost two relatives after their home in the Gaza Strip was bombed during an Israel Defense Forces operation.

The Jerusalem District Court refused the family’s request for damages, ruling that the fatal 2006 bombing was a legitimate act of war.

Fatma Wahabe and her son Khaled were killed after a missile fire by an IDF assault helicopter hit their home in Khan Yunis, instead of the targeted vehicle carrying wanted Palestinian militants.

The court’s decision was based in part on an affidavit filed by the head of the Shin Bet security service’s department on Gaza, who defended the IDF operation as necessary “to prevent a clear, immediate, and present danger to public safety.”

“It was an initiated attack meant to strike a top terror operative based on solid intelligence, according to which he was about to attack Israeli citizens,” the judge said.

The plaintiffs were also ordered to pay NIS 25,000 in legal fees.

[full story]

I can’t imagine how someone occupying your city, killing your family, and charging you for the service could do anything but build strong bonds of fellowship.

Right Wing Pundit realizing GOP primacy choices are largely  a joke.

Great questions for anyone who wants to claim that Big Poverty caused the financial crisis of 2008.  One of the more disturbing aspects of the collapse of 2008 is that the people responsible have done a bang-up job of blaming everyone else for the collapse.   I’m guessing this is because they control most of the money and media, and therefore just get to propagate loads of self-affirming bullshit.   However, when you run into someone that claims it was the CRA (from ’94) that caused the crisis (in ’08), there’s a few good questions on that link to ask them.  (note: these are more technical economics questions, so it’s important to first ascertain if the person you are talking to has a basic understanding of how economics works.  If they are a Ron Paul supporter….just nod and back away).

Read this and then you’ll understand that cutting corporate tax rates won’t do a dang thing unless we cut them to negative numbers.   (and that’s  one of the “good” guys).  We need a corporate AMT, based on yearly reporting earnings, firm-wide.

Marco Rubio has been a’lyin about his origin story.  Whenever I see this guy, I always think it’s this guy.   Maybe it’s because when Rubio talks, it’s like he’s living in an imaginary Never Never Land

Canadians seems to have taking a liking to Canadians.  I can see why…who doesn’t like Canadians?

Obama, Democrats, and GOP at odds over financial regs

http://content.usatoday.com/communities/theoval/post/2010/04/obama-the-democats-and-gop-at-odds-over-financial-regs/1

Looks like it’s time for the next round of “Whats actually in the bill?”

UPDATE:  We’ll get to what’s in the bill later.  One other news story that fits into this agenda (and it ain’t an accident) is the recent news of the prosecution of Goldman Sachs.

Wall Street’s preeminent investment bank, Goldman Sachs, was charged Friday by the government with fraud in marketing exotic mortgage-backed securities before the financial crisis.

The Securities and Exchange Commission brought the civil charges in federal court in Manhattan with a lawsuit against Goldman and one of the bank’s vice presidents.

The charges relate to so-called collateralized debt obligations — complex securities tied to the performance of subprime mortgages — that Goldman created in 2007 near the end of the housing boom.

The value of the securities plunged in the mortgage meltdown that began later that year, helping to set off the global financial crisis.

This was Sach’s own version of “too big to fail”.  Since they had their hands in so many pies, it only made sense to bet against themselves, in the twisted logic of the money-makers-movers-and-shakers.

They are probably totally hosed here.  This is going to shut them up, and some others, about the new regulations.  Personally I’m for them (in a general sense).  I like the idea of a Consumer Protection Agency.  Many whistles were blown in the Fed’s direction as far back as 2000 about the shady crap, but it didn’t make it far enough up the chain.  Hence the CPA.

I also like more light on the derivatives and more complex weird products being sold.  Just like Enron (and under the same guy), Wall Street was making loads of cash by hiding all the risk (and loss).  More light makes that harder, and in the global age, after a global meltdown, international havens for sums that large are going to be hard to come by (in the long run).  Our recent move to go after the “Swiss Bank Account” b.s. is a good example of this.

The (R)’s are in a tough place, again.  Having to argue that Obama is owned by the banks (bailout) and a socialists against them (new regulations) while trying to stymie legislation wanted by the majority of the country and the majority of the government.  My guess would be misdirection as their strategy.

Fannie John and Freddie McCain

The lobbying firm founded and co-owned by Rick Davis, the campaign manager for Sen. John McCain‘s White House bid, received payments from Freddie Mac in recent months, despite assertions by Davis earlier this week that the firm’s work for the mortgage giant had ended three years ago.

An industry source told The Washington Post that Davis’s firm, Davis Manafort, continued to receive monthly payments in the $15,000 range from Freddie Mac until very recently, confirming an ongoing financial relationship reported last night in several other publications.

The source said Davis Manafort was paid for being on retainer to Freddie Mac but did little actual work after early 2007.

Two unidentified sources told the newspaper Roll Call yesterday that Davis Manafort is still receiving payments from the mortgage giant, one of the financial institutions at the center of the nation’s housing crisis.

McCain Aide’s Firm Was Paid Recently – washingtonpost.com.

Looks like Team McCain is pretty dang close to the crisis here.  They were also alarmingly close to the Georgia/Russia crisis.

It seems the best way to see forward to the next crisis is look at who is close to McCain’s advisors.