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unclefulbert 172 posts  |  Last Activity: Feb 26, 2015 8:17 PM Member since: Mar 8, 2003
  • unclefulbert unclefulbert Jan 21, 2015 4:19 PM Flag

    Sep 16, 2012 - Iran on brink of nuclear bomb in six-seven months: Netanyahu ... set a "red line" for Tehran in what could deepen the worst U.S.-Israeli rift in decades. .... reach soon by producing roughly 15 kg (33 pounds) a month, a rate that ... Nuttyyahoo cried wolf:

    The only peaceful way to prevent an Iranian nuclear bomb is to place a "clear red line" on uranium enrichment, Netanyahu said.

    "A red line must be drawn ... on Iran's efforts to enrich uranium," he said. "Basically any bomb consists of explosive material and a mechanism to ignite it. ... In the case of Iran's plans, the gunpowder is enriched uranium. The fuse is a nuclear detonator." Netanyahu sad it was far more difficult for Iran to enrich uranium than to build the fuse.

    He explained where where the red line on enriching uranium should be drawn. He said Iran is well into "the second stage" of enrichment. By next summer, they will move on to the final stage, he said. From there it's only a few months, maybe a few weeks, before they get enough enriched uranium for a bomb, he says.

  • Reply to

    GOP's Keystone vision is clear

    by unclefulbert Jan 21, 2015 9:12 AM
    unclefulbert unclefulbert Jan 21, 2015 11:41 AM Flag

    vt, As POTUS said last night. We want free trade AND fair trade. It makes no sense to construct a pipe line that dissects our land and only benefits Canadian multinationals with their Asian customers.

  • Reply to

    Keystone XL Bailout Next

    by trueallday Jan 21, 2015 11:13 AM
    unclefulbert unclefulbert Jan 21, 2015 11:37 AM Flag

    By Robert O'Harrow Jr., Sari Horwitz and Steven Rich January 16 at 2:15 PM --- Attorney General Eric H. Holder Jr. on Friday barred local and state police from using federal law to seize cash, cars and other property without warrants or criminal charges.

  • Reply to

    GOP's Keystone vision is clear

    by unclefulbert Jan 21, 2015 9:12 AM
    unclefulbert unclefulbert Jan 21, 2015 11:28 AM Flag


    The door to construct Keystone was always open and is still open. However, it must not be a bill that only benefit the parties involved with the single project.

    Obama would have and will sign the bill if Keystone is part of the infrastructure bill proposed by the adminstration that include bridge/road repair, sewer/water retrofit, modernize power distribution, upgrade national networks/FAA systems etc.

  • unclefulbert unclefulbert Jan 21, 2015 11:17 AM Flag


    I lived and worked near LA for a couple of years in the 70's when smog in the cities were like those in current Mumbai and Beijing. Imagine we did nothing to reduce the man-made pollution back then.

    Last few days, Silicone Valley was shrouded in stagnant air with daily low temps in the 50's and high of 60's. We had more spare-the-air days this January than any other months I can remember. Yesterday, the north-west wind finally blew and the pollutants generated by those google buses and SUVs are dispersed to the inner valleys. Point is we live in a closed system. The hydrocarbons trapped under the earth's crust are redistributed into atmosphere. Forget about the acid rain killing trees in the past, now it is bad still-air days in urban centers with black rooftops, asphalt pavement, concrete structures, artificial turfs ...

    ( San Francisco Chronicle
    Jan 12, 2015 - The recent 11-day streak of Spare the Air days included three that exceeded the federal safety standard for particulate matter, though other ...)

  • Reply to

    GOP's Keystone vision is clear

    by unclefulbert Jan 21, 2015 9:12 AM
    unclefulbert unclefulbert Jan 21, 2015 10:51 AM Flag


    Yahoo keeled my reply. US Steel has laid off thousands due to diminished bookings from domestic oil/gas companies. There is no logic in giving away the job opportunities though temporary, to the Canadians instead of helping our own unemployed.

    And if you go back 20 years, crude used to be in the $teens. A decade ago, it was in the $20-$30 range. American consumers had suffered long enough with those sky high oil prices ... much higher than wage increases and inflation. Exporting the oil to Chinese or India will not help American consumers. So why do the GOP Senators fight the amendment?

    (I posted the nominal and inflation adjusted crude prices from 1994 to 2014 ... Yahoo keeled the post.)

  • Reply to

    GOP's Keystone vision is clear

    by unclefulbert Jan 21, 2015 9:12 AM
    unclefulbert unclefulbert Jan 21, 2015 10:24 AM Flag


    The pipeline project is touted as a job creation deal, assume our House members don't mean Canadian jobs to fill a project inside our borders.

    Anyway, why kill the amendments instead of modification to built with steel from N. America?

    And how about the 2nd elephant on domestic use of the crude other than export to the Chinese?

  • Op-Ed Contributor
    The Conversion of a Climate-Change Skeptic
    Published: July 28, 2012

    CALL me a converted skeptic. Three years ago I identified problems in previous climate studies that, in my mind, threw doubt on the very existence of global warming. Last year, following an intensive research effort involving a dozen scientists, I concluded that global warming was real and that the prior estimates of the rate of warming were correct. I’m now going a step further: Humans are almost entirely the cause.

    Think he has switched from Koch Bros to POTUS:

    ...GISS/NOAA shows 2014 as a record year. They use land based measurements to make their determination. That allows them to infill areas which are not directly measured with an assumed/adjusted value...

  • unclefulbert by unclefulbert Jan 21, 2015 9:12 AM Flag

    Senate Republicans blocked two attempts yesterday to amend legislation forcing approval of the Keystone XL pipeline that would have required:

    1. the project be built with domestically produced steel

    2. and that the oil be used only in the U.S.

  • Reply to

    President Obama announces...

    by ndfirstsection Jan 9, 2015 12:43 PM
    unclefulbert unclefulbert Jan 9, 2015 1:32 PM Flag

    Why do we stop educating our kids for free after K-12? And community colleges are already darn near free relative to 4-year institutions. Why darn near free and not less free or more free?

  • Fed 2014 earnings ahead of expectations

    The Federal Reserve handed over a record $98.7B to the U.S. Treasury in 2014. The previous record was $88.4B in 2012. These amounts are profits the central bank has derived mostly from its massive asset purchases.
    Under Fed policy, residual earnings are distributed to Treasury on a weekly basis.
    The Fed could, of course, suffer losses on its stash of holdings should interest rates ever rise.

  • But will oil at $50, will it get built anytime soon?

    Keystone XL's Nebraska path cleared by court, decision shifts to Obama

    The Nebraska Supreme Court issues a reversal of a lower court ruling that had blocked a route for the Keystone XL pipeline, leaving in place legislation that favored TransCanada's (TRP +3.2%) claim to build the pipeline across the state.
    The ruling ends the legal challenge to a Nebraska law that allowed the Republican governor to determine the route of the pipeline in the state.
    The project’s fate now returns to Pres. Obama, who has cited the lawsuit in deferring a decision on approving the project.

  • Demographics:
    Higher paid experienced retirees replaced by lower paid inexperienced younger workers

    Example on Union bashing:
    Under these two-tier systems, new workers start at hourly rates far below longtime workers and have scheduled pay progressions that will never match the veterans’ pay (nor usually their benefits, especially pensions). For example, under the old contract at the Hammond plant, Lear paid new workers as little as $11 an hour, rising to a maximum of $16 an hour, while veterans made $19.97 an hour doing the same work.

    By the end of their four-year contract with Lear Corp., local union president Jaime Luna said, the 760 United Auto Workers members who make seats for the Ford Taurus and Explorer models will all converge at the contract’s increased wage rate for experienced workers (now numbering about 200): $21.58 an hour.

    But later on Monday, Automotive News reported that a Lear senior vice-president of human resources, Tom DiDonato, said that in order to eliminate the two-tier system for about 450 workers, the UAW agreed to accept a new job title for 310 positions—sub-assembly workers—with even lower wages. At the end of the contract, starting pay for subassembly workers would be $12 an hour (compared to $16.50 for assembly workers) and the maximum would be $15.25 (below the top pay of $16 an hour in the previous contract for assembly workers).

  • Canada jobs numbers disappoint again

    Canada shed 4.3K jobs in December vs. expectations for a 15K gain and a loss of 10.7K in November. The unemployment rate held steady at 6.6%.
    It's the first back-to-back job losses since mid-2009 when the economy was mired in a deep recession.
    The loonie takes out new multi-year lows following the number, now down 0.3% at $0.8424.

  • Reply to

    President Obama has been an incredible # 1 President

    by fucavnyc Nov 20, 2014 11:06 PM
    unclefulbert unclefulbert Jan 9, 2015 9:01 AM Flag

    Pundits are still confused with LFPR and stagnant wages.

    Job headlines strong, but labor force participation and wages slide

    In addition to November's 321K job gain being revised higher to 353K, October's print is upped to 261K from 243K. That's 50K in upward revisions in addition to the 253K December job gain which modestly beat estimates.
    The unexpected fall in headline unemployment to 5.6% comes alongside a drop in the labor force participation rate to 62.7% from 62.9%. The employment to population ratio held steady at 59.2%.
    The average workweek is unchanged at 34.6 hours and average hourly earnings fell by a nickel to $24.57. On a year-over-year basis, average hourly earnings are hier by 1.7%.
    The broader U-6 unemployment rate fell to 11.2% from 11.4% One year ago, it was 13.1%.

  • Reply to

    It's just weather....

    by ndfirstsection Jan 8, 2015 8:36 AM
    unclefulbert unclefulbert Jan 8, 2015 8:45 AM Flag

    This past 20 months or 3 months have been one of the wildest I can recall in SF bay area.

    Yesterday, my thermometer under the awning read 72 degrees; this morning, 5 AM, it showed 47 degrees.

  • Thanks to Obama in focusing on job creation, education, energy and healthcare initiatives:

    Initial Jobless Claims

    Initial Jobless Claims: -4K to 294K vs. 290K consensus, 298K prior (revised from 298K).
    Continuing Claims +101K to 2.45M.

    From Bloomberg:
    A report yesterday showed companies added more workers than forecast in December, as the pickup in household spending drove economic expansion and boosted corporate headcounts. ADP Research Institute recorded a 241,000 increase in employment, the biggest since June.

    Labor Department figures tomorrow are projected to show payrolls climbed by 240,000 in December, which would the gain in employment for all of 2014 at 2.89 million, the most since 1999, according to the median estimate of economists surveyed by Bloomberg. The jobless rate is forecast to drop to 5.7 percent, making it the lowest since June 2008.

    The wrinkle in the jobs picture could come from the energy industry, which faces consolidation and workforce cuts as oil prices decline. Halliburton Co. (HAL), the world’s second-largest oil services company, said on Dec. 11 that it plans to dismiss 1,000 employees worldwide.

  • unclefulbert by unclefulbert Jan 7, 2015 9:27 AM Flag

    EconomyUnemployment rate in Germany falls to record low
    Financial Times-5 hours ago
    Germany's unemployment rate for December came in at a better than expected 6.5 per cent, down from 6.6 per cent in November. Economists ...

  • The labor market ended 2014 on a strong note, payroll processor ADP said Wednesday, as businesses added 241,000 jobs in December.

    Economists expected ADP to report 225,000 new private sector jobs. They estimate the Labor Department's closely watched survey this Friday will show 240,000 payroll gains by businesses, as well as federal, state and local governments.

  • Reply to

    See, sticking with new year resolution

    by unclefulbert Jan 10, 2014 4:32 PM
    unclefulbert unclefulbert Jan 5, 2015 4:19 PM Flag

    Big problem as well dressed white men fleecing the older town folks and those delinquents from Googlers and Facebookers are invading the hood:

    ATHERTONTuscaloosa Avenue, 4:28 p.m. Monday A resident who allowed a plumber into her house, a male in disguise who claimed her water was contaminated and that he needed to run the taps inside, discovered cash and jewelry missing after he left.
    2014-12-18 2:40:38 P.M.

    ATHERTON195 Encinal Ave., 12:51 p.m. Nov. 3 Two San Jose men, ages 20 and 39, were arrested -- one at Encinal School following a fight with a witness and the other in Menlo Park -- on burglary charges.
    2014-11-10 1:01:00 P.M.

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