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Gender: Male
Hometown: Nokomis, FL
Home country: US
Member since: Wed Nov 5, 2014, 01:58 AM
Number of posts: 27,704

About Me

Retired 3x, living comfortably on the Gulf Coast, biking, beachwalking, lifting free weights, eating mostly properly, keeping my mind active, in my seventh decade, intending to give Methuselah a run for the record...

Journal Archives

Hybrid, EV sales tumble in 2015

Sales of hybrid and electric vehicles fell sharply in the first half of 2015, hurt by low gas prices, fewer incentives and a broader market shift away from cars. This is shaping up to be the toughest year for electrically powered vehicles since General Motors Co. and Nissan Motor Co. launched mass-market advanced vehicles in 2009. A new Georgia law takes effect this week that ends the $5,000 state tax rebate on EV sales and adds a $200 yearly registration fee for EV owners to pay for road repairs.

Despite hefty discounts, low gas prices and aging EV models are helping to drag down sales of fuel-sipping plug-in electric hybrids and full-electric cars. They are also being hurt by a consumer shift away from cars toward crossover and sport utility vehicles.


GM said sales of its plug-in hybrid Chevrolet Volt fell 31 percent in June to 1,225, and are down 35 percent in the first half of the year to 5,622. Volt sales had their worst year in 2014 since its first full year of sales. Last year, sales fell 19 percent. GM said sales of the Cadillac version of the Volt — the ELR — fell 36 percent in June, but are up 52 percent to 593 for the year after the automaker announced a $9,000 price cut — and some dealers have cut prices even further.

Nissan said sales of its all-electric Leaf fell 12 percent in June and are down 23 percent this year to 9,816. At the current pace, the Leaf is on target to have its worst sales year in the U.S. since 2012. Nissan noted that Atlanta has been one of its best markets for the Leaf because of state incentives and access to carpool lanes by single drivers.

The first American-made Kalashnikovs are now for sale

Kalashnikov USA announced on Tuesday that it is now selling AK-47 assault rifles and shotguns that have been manufactured at a U.S. factory.

The Kalashnikov USA web site provides a menu of two rifles and two shotguns, all semiautomatics. One of the rifles features a curved, banana-style high-capacity magazine with 30 rounds.

Thomas McCrossin, CEO of Kalashnikov USA, told CNNMoney in January, at the SHOT Show in Las Vegas, that his company was going to manufacture the guns in America as soon as a factory was established. The company has not told CNNMoney where that factory is located.

The Kalashnikov USA brand is owned by RWC in Pennsylvania. The company's slogan is, "Russian heritage, American innovation."

Will Dems run the "crazy Uncle Joe" in desperation?...

While Hillary Clinton is viewed by many as a political powerhouse who will cruise to the Democratic presidential nomination, there may be room for a familiar face to challenge her: Joe Biden.

The newest indication that the vice president could jump into the race comes from a Wall Street Journal report, which cites friends and advisers who say Biden, 72, received encouragement to do so from sons Beau and Hunter. Beau Biden died last month after a long battle with brain cancer.

Hillary Clinton, who served as secretary of state during President Obama’s first term and worked closely with Biden, is the overwhelming frontrunner to become her party’s standard-bearer, but many Democratic insiders say Biden could present a formidable challenge should her campaign falter.

“He feels strongly about his dad running and serving,” James Smith, a Democratic state representative in South Carolina, told the Journal of Hunter Biden’s sentiments. Dick Harpootlian, former chairman of the state’s Democratic Party, added: “If he does what Beau wanted him to do, he’ll run.”

Helium is LEAKING from massive earthquake fault in LA

UC Santa Barbara geologist Jim Boles found evidence of helium leakage from the Earth's mantle along a 30-mile stretch of the Newport-Inglewood Fault Zone in the Los Angeles Basin.

He claims the results show that the Newport-Inglewood fault is deeper than scientists previously thought. Using samples of casing gas from two dozen oil wells ranging from LA's Westside to Newport Beach in Orange County, Boles discovered that more than one-third of the sites show evidence of high levels of helium-3 (3He).

'The results are unexpected for the area, because the LA Basin is different from where most mantle helium anomalies occur,' said Boles, professor emeritus in UCSB's Department of Earth Science. 'The Newport-Inglewood fault appears to sit on a 30-million-year-old subduction zone, so it is surprising that it maintains a significant pathway through the crust.'

Considered primordial, 3He is a vestige of the Big Bang, and its only terrestrial source is the mantle.

United States Supreme Court decides against Obama administration over air pollution rule

The US Supreme Court on Monday ruled the Obama administration should have considered compliance cost when it decided to limit emissions of mercury and other hazardous air pollutants mainly from coal-fired power plants, a setback for the government that leaves the legal status of the regulation in limbo.

The court ruled in a 5-4 decision, with its five conservative justices in the majority, against the US Environmental Protection Agency (EPA). The rule stays in effect for the time being, with the case returning to an appeals court, which will decide whether or not it should be thrown out.


Justice Antonin Scalia, writing on behalf of the court, said that a provision of the Clean Air Act that said the EPA can regulate power plants for mercury and other toxic pollutants if it deems it "appropriate and necessary" must be interpreted as including a consideration of costs.

The EPA had decided it did not have to consider costs at that stage of the process.

The world is defenceless against the next financial crisis, warns BIS

The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank of International Settlements has warned.

The so-called central bank of central banks launched a scatching critique of global monetary policy in its annual report. The BIS claimed that central banks have backed themselves into a corner after repeatedly cutting interest rates to shore up their economies.

These low interest rates have in turn fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates.

<lengthy snip>

The BIS said that the current turmoil in Greece typified the kind of “toxic mix” of private and public debt being used as a solution to economic problems, rather than making the proper commitment “to badly needed” structural reforms. Mr Caruana said that policymakers must now focus on the supply side of the economy, introducing the right reforms, rather than continue to lean on debt which will inevitably undermine growth.

Obama's economy, six and one-half years in...

Americans Are Delaying Major Life Events Because of Money Worries

About half of American adults have postponed a major life decision in the past year for financial reasons, mainly because they lack sufficient savings or are worried about the economy, or both, a new survey finds.

The survey, conducted for the American Institute of Certified Public Accountants, found that the proportion of people delaying big decisions like buying a home or getting married had risen to 51 percent, from 31 percent in a similar survey in 2007, before the start of the financial downturn.

The change was striking, and the percentages more than doubled in some areas. Nearly a quarter said they had delayed higher education, up from 11 percent in 2007, and 18 percent said they had put off retiring, compared with 9 percent in the earlier survey. Twenty-two percent said they delayed buying a home in 2015, compared with 14 percent in 2007.

The change was also evident in life decisions that weren’t solely financial in nature: 13 percent said they had delayed having children, compared with 5 percent in 2007, and 12 percent said they had postponed marriage, up from 5 percent in 2007.

America had a good run...

A Constitution which is too-easily interpreted based on the wants of the moment is no constitution at all, it becomes nothing more than changeable words on old parchment or paper. It turns into a document which increasingly grows meaningless, or worse, obtains meaning based on the current political desires of the current political force in power. The cheering I now hear or read in the media is produced by low-information folk who really want nothing, especially the Constitution of the United States to come between them and their unthinking, momentary wants.

Franklin answered the question of what kind of government the Founders had produced with the statement, "A Republic, if you can keep it."

With a constitution that is so easily interpreted away, we can not keep it. We and it had a good run, what follows now will be a period of increasing want and increasing dictatorship as the world slowly, inevitably collapses into chaos.

Fox News Chairman and CEO Roger Ailes Signs New Multi-Year Contract with 21st Century Fox

21st Century Fox (NASDAQ: FOXA, FOX) today announced that Roger Ailes has signed a new multi-year contract with the Company to continue to serve as Chairman and CEO of Fox News and Fox Business Network, and Chairman of Fox Television Stations.

“I am grateful to Rupert Murdoch for taking the risk on Fox News to see it become the number one 24-hour news network in America. I look forward to working with Rupert, Lachlan and James to do my part to help bring 21st Century Fox well into the future.”

The announcement was made by Rupert Murdoch, Lachlan Murdoch and James Murdoch, to whom Mr. Ailes will jointly report. Rupert Murdoch, 21st Century Fox’s Executive Co-Chairman as of July 1, commented: “Nearly two decades ago, Roger took a bold idea rooted in the belief that there was room for more choice in cable news, and – much to all the naysayers’ surprise – through his development of vibrant programming and talent, created a behemoth of a business with one of the most passionate and engaged audiences in the history of television news. Roger and I have always had, and will continue to have, a special relationship. Lachlan, James and I are delighted that Roger will be leading key businesses for us and our shareholders for years to come, and he has our unwavering support.”

Lachlan and James Murdoch, 21st Century Fox’s designated Executive Co-Chairman and CEO, respectively, commented: “Roger is an incredibly talented executive and we’re pleased he has accepted our offer to continue his extraordinary record of success at 21st Century Fox. We look forward to witnessing his energy and entrepreneurial drive in leading the next wave of growth for Fox News, Fox Business Network and Fox Television Stations, as well as many years of continued success together.

Tired of high taxes? Maybe it's time to move

Everyone complains about taxes. But millions of American households apparently are doing something about it: Picking up and moving. A CNBC analysis of tax data and figures provided by two major national moving companies shows that states with the highest per-capita taxes, for the most part, are also seeing the biggest net migration out of those states.

Take Connecticut, for example. Earlier this week, the Nutmeg State's legislature approved a collection of new taxes to close a two-year, $40 billion budget to help pay the multibillion-dollar tab to repair and replace the state's dilapidated roads and bridges. The package includes a 50-cent-per-pack hike in cigarette taxes and a bump in tax rates on corporations and the state's wealthiest earners.

The budget battle drew heated debate, along with threats from large employers like General Electric, which issued a rare statement that it might consider moving its Fairfield headquarters. Republican opponents warned that the tax hikes would likely drive residents to flee to lower-tax states. One legislator suggested that a local moving-and-storage company up for sale should do a booming business moving households from the state.

"I think the best buy in Connecticut right now is a business for sale in Westport," Michael A. McLachlan, R-Danbury, told the AP earlier this month as the debate wore on. "For $650,000, a sharp investor can get up and increase this business into a mega moving company, because that's what people are going to be doing, starting today."
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