vineri, 29 noiembrie 2013

"Kindness Covers All of My Political Beliefs"

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"Kindness Covers All of My Political Beliefs"

Welcome to this Thanksgiving Edition of West Wing Week, your guide to everything that's happening at 1600 Pennsylvania Avenue, and beyond. This week, the President traveled to the west coast for a three day, three city swing, sat down for an interview with Barbara Walters, met with student entrepreneurs, held a video conference with Peace Corps volunteers, and announced a breakthrough in diplomatic talks with Iran. That's November 22rd to November 28th or "Kindness Covers All of My Political Beliefs."

Watch this latest edition of West Wing Week.

Watch this week's edition of West Wing Week

 

 
 
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Weekly Address: Wishing the American People a Happy Thanksgiving

In his weekly address, President Obama gave thanks to all the men and women defending our freedom and acknowledged their sacrifice might mean they can’t spend the holidays with their families. The President also recognized that as Americans, we gather together this Thanksgiving to lift up those who need a helping hand, letting us move forward as a country and lead us to a brighter tomorrow.

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Going Big for Small Business Saturday

This Saturday, November 30th, Senior Advisor Valerie Jarrett will join a number of White House and Cabinet Officials, along with millions of Americans around the country, in paying tribute to small businesses that drive our economy, and help to define the spirit of our communities.

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"Popcorn, you have a full reprieve from cranberry sauce and stuffing. We wish you well."

President Obama pardoned two 20-week-old, 38-pound turkeys named Popcorn and Caramel -- and announced Popcorn as the official "National Thanksgiving Turkey," after the American public weighed in on their favorites via Twitter, Facebook, and Instagram.

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Seth's Blog : What do we get when we give to a good cause?

 

What do we get when we give to a good cause?

Why on earth would a rational person give money to charity--particularly a charity that supports strangers? What do they get?

A story.

In fact, every time someone donates to a good cause, they're buying a story, a story that's worth more than the amount they donated.

It might be the story of doing the right thing, or fitting in, or pleasing a friend or honoring a memory, but the story has value. It might be the story that you, and you alone are able to make this difference, or perhaps it's the story of using leverage to change the world. For many, it's the story of what it means to be part of a community.

The fundraiser, then, isn't taking, she's giving. She's giving someone the chance to buy a story that's worth far more than it costs.

Stories are the way we navigate our world, our chance to make sense of who we are and what we do.

Introducing tote bags or charity auctions muddies the waters, gets us thinking about the value of that thing we bought, not the story itself.

If people aren't donating to your cause, it's because you're not telling a story, or telling the wrong story to the wrong people (in the wrong way). Non-profits make change, and the way they do this is by letting us tell ourselves stories that nurture our best selves.

       

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joi, 28 noiembrie 2013

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Cotton Balls Go Rotten; Bale of a Tale of State Planning

Posted: 28 Nov 2013 10:25 AM PST

Two years ago China amassed half the global supply of Cotton with huge price supports in an effort to encourage more cotton production. China "succeeded".

Farmers produced, and the state paid more for cotton than farmers could get elsewhere. Worldwide supplies soared, but the cotton was withheld from the market.

China's Cotton Policy "Success" Story



Bale of a Tale of State Planning

Please consider China Cotton: Bale of a Tale
It is never easy to put a positive spin on buying high and then selling low. Then again, the cotton that China plans to start selling from its vast state reserves this week, at a price below what it paid for this year's harvest, might be rather hard actually to spin, period. Cotton can go brittle if stored for a long time. The China National Cotton Reserve will be auctioning bales that came off farms in 2011.

Still, what a marvellous monument to state planning has been created, even if the buying programme might finally end overall next year. China started its stockpiling to encourage farmers to plant cotton when prices looked set to go south two years ago (price volatility threatened a crisis for the nation's cotton industry). But it has ended holding about 10m tons, or more than half of global inventory. It is now considering direct subsidies to cotton farmers instead.

Australia took a decade to get rid of every last thread of its wool reserves after ending its own farmer support policy in 1991. In the process, the farming industry suffered plenty of damage. But free-market innovation won out over state control in the end. The Australians probably made the fine merino wool in your suit. Not to spin a tale, but perhaps a similar process can work for the Chinese.
State Central Planning

In autumn of 2011, a clothing importer told me the price of clothes was about to soar because of a huge shortage of cotton. Clothing prices rose a few percent, but nothing like what many expected.

But there never was a cotton shortage. Rather there was huge accumulation of cotton by China at ridiculous prices. So now, what to do with it?

If China holds on to the cotton long enough, the matter will take care of itself as the "cotton balls go rotten".

Money does not go rotten in the same way, but rotten results from Fed and central bank money manipulation policies are eventually headed this way. Centralized state planning of anything never works over the long haul.

Huge boom-bust bubbles in housing and the stock market are proof enough.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Happy Thanksgiving!

Posted: 28 Nov 2013 09:14 AM PST

Happy Thanksgiving to you and your loved ones!

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com