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 Pi ,  the ratio of the circumference of a circle to its diameter, and this is just the beginning; it keeps on going, forever, without ever repeating. Which means that contained within this string of decimals, is every single other number. Your birthdate, combination to your locker, your social security number, it's all in there, somewhere. And if you convert these decimals into letters, you would have every word that ever existed in every possible combination; the first syllable you spoke as a baby, the name of your latest crush, your entire life story from beginning to end, everything we ever say or do; all of the world's infinite possibilities rest within this one simple circle. Now what you do with that information; what it's good for, well that would be up to you.  -- Harold Finch from 2πR

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Prominent Economists, Including Eight Nobel Laureates: ‘Do Not Vote for Donald Trump’

Some 370 economists sign a letter slamming Trump for promoting 'magical thinking and conspiracy theories'

We, the undersigned economists, represent a broad variety of areas of expertise and are united in our opposition to Donald Trump.
We recommend that voters choose a different candidate on the following grounds:

  • He degrades trust in vital public institutions that collect and disseminate information about the economy, such as the Bureau of Labor Statistics, by spreading disinformation about the integrity of their work.
  • He has misled voters in states like Ohio and Michigan by asserting that the renegotiation of NAFTA or the imposition of tariffs on China would substantially increase employment in manufacturing. In fact, manufacturing's share of employment has been declining since the 1970s and is mostly related to automation, not trade.
  • He claims to champion former manufacturing workers, but has no plan to assist their transition to well-compensated service sector positions. Instead, he has diverted the policy discussion to options that ignore both the reality of technological progress and the benefits of international trade.
  • He has misled the public by asserting that U.S. manufacturing has declined. The location and product composition of manufacturing has changed, but the level of output has more than doubled in the U.S. since the 1980s.
  • He has falsely suggested that trade is zero-sum and that the "toughness" of negotiators primarily drives trade deficits.
  • He has misled the public with false statements about trade agreements eroding national income and wealth. Although the gains have not been equally distributed - and this is an important discussion in itself - both mean income and mean wealth have risen substantially in the U.S. since the 1980s.
  • He has lowered the seriousness of the national dialogue by suggesting that the elimination of the Environmental Protection Agency or the Department of Education would significantly reduce the fiscal deficit. A credible solution will require an increase in tax revenue and/or a reduction in spending on Social Security, Medicare, Medicaid, or Defense.
  • He claims he will eliminate the fiscal deficit, but has proposed a plan that would decrease tax revenue by $2.6 to $5.9 trillion over the next decade according to the non-partisan Tax Foundation.
  • He claims that he will reduce the trade deficit, but has proposed a reduction in public saving that is likely to increase it.
  • He uses immigration as a red herring to mislead voters about issues of economic importance, such as the stagnation of wages for households with low levels of education. Several forces are responsible for this, but immigration appears to play only a modest role. Focusing the dialogue on this channel, rather than more substantive channels, such as automation, diverts the public debate to unproductive policy options.
  • He has misled the electorate by asserting that the U.S. is one of the most heavily taxed countries. While the U.S. has a high top statutory corporate tax rate, the average effective rate is much lower, and taxes on income and consumption are relatively low. Overall, the U.S. has one of the lowest ratios of tax revenue to GDP in the OECD.
  • His statements reveal a deep ignorance of economics and an inability to listen to credible experts. He repeats fake and misleading economic statistics, and pushes fallacies about the VAT and trade competitiveness.
  • He promotes magical thinking and conspiracy theories over sober assessments of feasible economic policy options.
  • Donald Trump is a dangerous, destructive choice for the country. He misinforms the electorate, degrades trust in public institutions with conspiracy theories, and promotes willful delusion over engagement with reality. If elected, he poses a unique danger to the functioning of democratic and economic institutions, and to the prosperity of the country.

    For these reasons, we strongly recommend that you do not vote for Donald Trump.

    Signed by nearly 400 prominent economists

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    NUCLEAR   OPTION  ADVISOR - MA Rating (Language)

    UPDATE: Jobless claims tally 246,000, at 43-year low

    10/13/16 08:56 AM EDT

    By Jeffry Bartash, MarketWatch

    No sign of rising layoffs in U.S. economy

    WASHINGTON (MarketWatch) -- The number of people who applied for unemployment benefits was flat at 246,000 in the first week of October as the rate of layoffs sank to a 43-year low.

    Economists polled by MarketWatch had forecast claims to total 252,000 in the week stretching from Oct. 2 to Oct. 8.

    The level of new claims two weeks ago was revised down to 246,000 from 249,000 to set a new postrecession low. The current week matched that number.

    Initial jobless claims have been under 270,000 for 15 straight weeks, a reassuring sign that companies are growing fast enough to keep current staffing levels. The last time claims were that low for that long was in 1973.

    The less volatile four-week average of initial claims, seen as a more accurate measure of labor-market trends, dropped 3,500 to 249,250, the Labor Department said Thursday. That's also the lowest level since 1973.

    Many firms also say it's getting harder and harder to find good help as the pool of people seeking work shrinks. The unemployment rate stood at 5% in September and remained near an eight-year low.

    Last week, the government said 156,000 jobs were created in September. Economists estimate the U.S. needs to add no more than 125,000 jobs a month to keep up with the natural growth of the labor force.

    Continuing jobless claims declined by 16,000 to 2.05 million in the week ended Oct. 1, the government said. These claims, reported with a one-week delay, reflect people already receiving unemployment checks. All figures are seasonally adjusted.

    -Jeffry Bartash; 415-439-6400;

    (END) Dow Jones Newswires

    10-13-16 0856ET

    Middle-class Americans and the poor enjoyed their best year of economic improvement in decades in 2015, the Census Bureau reported Tuesday, a spike that broke a years-long streak of disappointment for American workers but did not fully repair the damage inflicted by the Great Recession.

    Real median household income was $56,500 in 2015, the bureau reported, up from $53,700 in 2014. That 5.2 percent increase was the largest, in percentage terms, recorded by the bureau since it began tracking median income statistics in the 1960s.

    In addition, the poverty rate fell by 1.2 percentage points, the steepest decline since 1968. There were 43.1 million Americans in poverty on the year, 3.5 million fewer than in 2014. The share of Americans who lack health insurance continued a years-long decline, falling 1.3 percentage points, to 9.1 percent.

    The Washington Post

    Republican candidate Donald J. Trump's sweeping proposals on international trade, if implemented, could unleash a trade war that would plunge the US economy into recession and cost more than 4 million private sector American jobs, according to an empirical analysis of the two candidates' trade agendas by the Peterson Institute for International Economics. Trump has proclaimed that he would "rip up" existing trade agreements, renegotiate the North American Free Trade Agreement (NAFTA), and impose a 35 percent tariff on imports from Mexico and a 45 percent tariff on imports from China. Hillary Clinton, the Democratic candidate, has expressed skepticism about trade but in effect represents stasis. Both candidates have come out against the Trans-Pacific Partnership (TPP) between the United States and 11 Pacific Rim countries, which President Barack Obama signed earlier in 2016.

    The authors of the empirical assessment, Marcus Noland, Tyler Moran, and Sherman Robinson, extend a macroeconomic model from Moody's Analytics and find that if Trump raises tariffs sharply on China, Mexico, and other trading partners, export-dependent US industries that manufacture machinery used to create capital goods in the information technology, aerospace, and engineering sectors would be the most severely affected. But the shock resulting from Trump's proposed trade sanctions would also damage sectors not engaged directly in trade, such as wholesale and retail distribution, restaurants, and temporary employment agencies, particularly in regions where the most heavily affected goods are produced. Millions of American jobs that appear unconnected to international trade; disproportionately lower-skilled and lower-wage jobs, would be at risk, according to the empirical study.

    In a legal analysis, Gary Clyde Hufbauer argues that there is ample precedent and scope for a US president to unilaterally raise tariffs as Trump has vowed to do as a centerpiece of his trade policy. Any effort to block Trump's actions through the courts, or amend the authorizing statutes in Congress, would be difficult and time-consuming.

    In a separate chapter Noland analyzes the impact of trade policies advocated by both Trump and Clinton on the United States' foreign policy interests. Pulling out of the TPP, as both candidates promise to do, would weaken US alliances in Asia and embolden its rivals, thus eroding US national security. Noland also warns that abrogation of NAFTA, as Trump threatens, would deliver a severe blow to Mexico's economic and political development that could increase, not decrease, the flow of illegal migrants and drugs into the United States.

    Peterson Institute for International Economics

    WASHINGTON - Donald Trump's business losses in 1995 were so large that they could have allowed him to avoid paying federal income taxes for as many as 18 years, according to records obtained by The New York Times.

    In a story published online late Saturday, the Times said it anonymously received the first pages of Trump's 1995 state income tax filings in New York, New Jersey and Connecticut. The filings show a net loss of $915,729,293 in federal taxable income for the year.

    The New York Times

    Hypocrites - MA Rating (language)

    Conservative Newspapers rejecting Trump

    Why seeing Trump's tax returns really matters

    Lady and the Trump - MA Rating (language)

    America's Mad Dash Toward Oligarchy

    The Sunk Cost Fallacy - MA Rating (language)  September  23  2015

    The Revolt Against the Ruling Class...  August  3  2015

    Perspective...  May  18  2015

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    Welcome to RAPTOR 4007

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    The USAF Air Supremacy F-22 RAPTOR

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    China's Secret Strategy?

    F-22 ABOS continues

    Project Missouri

    Tyndall F-22s fly in Combat Archer

    Innovation advances F-22

    Air Force to consolidate F-22 depot maintenance

    Raptor 4007 testing 3.2A

    Salty Dog

    F-22 resumes normal flight operations

    X-47B UCAS Video

    Atelectasis root of F-22 problem?

    F-22 Raptor crashes at Tyndall AFB

    Air Force told of fatal F-22 flaw

    First F-22 GBU-39 drop

    Is the F-22 Raptor too sick to fly?

    Latest F-22 Upgrade

    End of F-22 production closes chapter in eventful history

    New Fighter Jet Will Cost More Than $1 Trillion

    Global bank poised to cut off Iran

    Doomsday option available against Iran?

    Lockheed Martin rolls-out final F-22 Raptor

    U.S. Stealth Aircraft captured by Iran

    Obama boosts U.S. military in Australia

    U.S. Kills bin Laden in Intelligence-driven Operation

    Gates: America must balance idealism, realism

    Limits keep F-22 out of Libya ops

    F-22 Videos


    The Grover Norquist Failure - MA Rating (language)

    Lady and the Trump  - MA Rating (language)

    The Sunk Cost Fallacy - MA Rating (language)

    Do Bee Day vs. Don't Bee Day

    Economic Anxiety and Populist Politics

    Middle Class Economics - MA Rating

    Naomi Klein

    American Exceptionalism

    Forsaking the Four Freedoms

    Has the Supreme Court been bought ?

    Dog Whistle Politics

    The Deep State - Mike Lofgren

    Listen to David Simon and Lawrence Lessig

    A Conversation with Neil deGrasse Tyson

    North Carolina... SOLD!!! - MA Rating

    A Conversation with Henry Giroux

    Oxford University: 47% of U.S. jobs...

    Technological Unemployment

    Striking it Richer

    The Debt Ceiling Circus

    A Conversation with Robert Reich

    Agent Orange - MA Rating

    The End Game for Democracy

    Reagan Video Commentary - MA Rating

    "Cranks and Crazies"

    The Stranglehold on the GOP


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    JFK 1917-1963
    The Greatest President In Modern History

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    Selected USAF aircraft began displaying this distinctive nose art design in 2002.  The design was created by Senior Airman Duane White at Air Combat Command and features the words "LET'S ROLL!", as said by Todd Beamer as he and other passengers moved to fight for control of United Airlines flight 93 before it crashed on September 11.  Major command and wings are allowed to use the design on one aircraft.

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    Politics and economics has and will continue to play a key role in U.S. military success or defeat.  The mind-set of the Charles Lindberg era, advocating America stay out of the war in Europe, not unlike rethinking the cost of post - Cold War programs, the current mind-set, including ending production of the F-22 program, will arguably set the stage for America's military victories or defeats for the next thirty years.  The final F-22 Raptor was delivered to the USAF on May  2  2012 completing the total build of 195 units.  Only time will tell if the 187 active duty F-22 Raptors built, minus those that have crashed, will be adequate in number to own any hostile air space for the next several decades.

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    FACT CHECK :  According to the Air Force, each of the F-22 aircraft cost $143 million. Counting upgrades, research and development costs, the U.S. Government Accountability Office estimates that each F-22 cost U.S. taxpayers $412 million as of 2011.

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    A Conservation with Peter Dreier

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    "Greed is Good"

    The consequences of the disparity of wealth distribution have come home to roost.  The "of the rich, by the rich and for the rich", bought and paid for U.S. Congress will need to address the billions of dollars wasted by the failed trickle-down economic policies of the past several decades.  Tax loopholes for corporations and the 1%, such as tax inversions - (tax evasions), the carried interest provision, the 1 million dollar mortgage interest deductible, and the second home mortgage interest deductible are just a few that come to mind.   No wonder the middle class is struggling.  Their tax dollars are supporting the entitled moneyed class lifestyles through tax loopholes that are not even available to the middle class.

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    Time to Start Thinking: America in the Age of Descent

    The most divisive consequence of the Great Recession were the mid-term election results of 2010.  We are living with the consequences of a deep political divide in Congress, resulting in Washington having become dysfunctional.  The Founding Fathers of the U.S. CONSTITUTION determined that problem solving through compromise would be the only enduring solution in keeping the UNITED STATES the greatest democratic republic the world would ever realize.   Political moderation and consensus building across party lines would be essential, in keeping the legacy of our Founding Father's promise kept alive for all future generations of Americans.

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    Unlike virtually all western democracies, the UNITED STATES, with the passage of the Second Liberty Bond Act in 1917, has the statutory requirement for the U.S. Congress to vote to raise the debt ceiling, at least once every fiscal year, if the U.S. Congress votes to spend more money than the U.S. Treasury collects.  In fact, it has done so more than 70 times in the past 50 years (and seven times under George W. Bush).  Simple examples of revenues collected are through individual Federal income taxes middle class workers pay and corporate taxes, some but not all U.S. corporations, pay each year to the U.S. Treasury.  Likewise, examples of expenditures are through Federal agencies such as FEMA which come to the rescue in times of local and state duress such as instances of forest fires, floods, tornadoes and hurricanes.  Military expenditures include boats and planes and paying our men and women in uniform in times of peace and war.  It is the responsibility of Congress to see to it that adequate revenues are collected via the tax code, members of Congress write and amend, to pay for all expenditures they voted to pass.

    The Debt Ceiling Circus

    Beginning with the modern congressional budgeting process in 1976, the UNITED STATES not paying it's bills has become a political football.  As of  October 1 2013 the U.S. Congress has politicized the crisis members of Congress created, by shutting down the U.S. Government 18 times and threatening to default on the U.S. SOVEREIGN DEBT in the summer of 2011.  Ironically, the U.S. Government has been starved of revenues and is near it's lowest levels in modern history.  Over the past 3 decades, the U.S. Congress has prioritized the tax code in favor of wealthy individuals and corporations while mostly ignoring white collar and blue collar middle class workers.  U.S. corporations, Wall Street CEO's, hedge fund and private equity tycoons and Real Estate charlatans have wound up paying a lower tax rate to the U.S. Government than mom and pop businesses, policemen, firemen, nurses, secretaries and janitors.   Taxes are the price paid for civilization.   With the demise of a strong financial middle class, as seen in stagnant wages over the past several decades, popular democracy is in peril.  For a concise and articulate treatise on today's widening income inequality, click on the link, Greed is Good above.

    "Cranks and Crazies"

    In the summer of 2011 the newly elected Republican Tea Party members decided that threatening to default on the U.S. GOVERNMENT SOVEREIGN DEBT by not agreeing to increase the debt ceiling, (funds that have already been dispersed by Congress), would be an acceptable way to enact their political ideology into fiscal demands.  Credit rating agency S&P witnessed the resulting bipartianship bickering and subsequent passage of the Budget Control Act of 2011, which they deemed as inadequate and took action.

    The UNITED STATES has the privileged position of having the U.S. DOLLAR accepted as the global reserve currency.  As a consequence of the Republican Tea Party theatrics, on August  5  2011, S&P downgraded the international reserve currency by way of the U.S. GOVERNMENT SOVEREIGN DEBT rating, by one full notch, from AAA to AA+, with a negative outlook.  The 112th United States Congress, thanks to the Republican Tea Party ideology of "NO", will go into the history books, as the only U.S. Congress to politic over the first-ever downgrade of U.S. SOVEREIGN DEPT by S&P, since the rating agency first began in 1860.

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    U.S. corporate effective tax rates fell from 29% in 2000 to 17% in 2013

    Follow the green line from left to right

    - click graph for explanation -

    Green Line is effective U.S. Corporate Tax Rate

    OXFAM   ISSUE   BRIEFING   -   JANUARY  18   2015



    REPORT   6 - 5 - 2014 :  OFFSHORE SHELL GAMES -  Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens - countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity.

    U.S. PIRG


  • McDermott International to Panama - 1982
  • Helen of Troy to Bermuda - 1994
  • Tyco International to Bermuda - 1997
  • Fruit of the Loom to the Cayman Islands - 1998
  • Transocean to the Cayman Islands - 1999
  • Ingersoll Rand to Bermuda - 2001
  • Ensco plc to the United Kingdom - 2009
  • Eaton Corporation to Ireland - 2012
  • Actavis to Ireland - 2013
  • Liberty Global to the United Kingdom - 2013
  • Burger King to Canada - 2014
  • Medtronic to Ireland - 2015
  • Mylan to the Netherlands - 2015
  • Arris Group to the UK - 2016
  • Johnson Controls to Ireland - 2016 (pending)

    The observation shared by many, especially independent voters, is that the GOP has lost the ability to govern as a consequence of trying to appease the far right-wing extremists of their party - the Republican Tea Party obstructionists.  This faction, when augmented by Republicans who have signed the lobbyist's "Grover Norquist Pledge", has resulted in moderate and reasonable Republicans leaving not only the U.S. Congress, but all levels of governance.  The problem of allegiance to a lobbyist's pledge above allegiance to the American Flag is perceived as problematic at best, by most Americans.  During one of the televised Republican Presidential debates, the candidates were asked to raise their hands if they would not accept a 10 dollar spending reduction compromise in exchange for a 1 dollar tax increase.  All the candidates raised their hands.  It appeared as unsound reasoning, that during an era of a 16 trillion national debt, that a one dollar tax increase on multi-billionaires, in exchange for a ten dollar spending reduction compromise, would be seen as an unacceptable violation to their "Pledge".

    This political polarization on the right, (my way or the highway mentality), will make it very difficult for the two political parties to reach any significant consensus on any of the major issues facing middle class Americans.  Sadly, this lack of bipartisanship compromise will likely continue indefinitely.

    The End Game for Democracy

    America's Gilded Capital

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    The Pledge: Grover Norquist's hold on the GOP

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    The unprecedented success of the F-15 EAGLE has demonstrated the performance standard required for air dominance since becoming the UNITED STATES front-line fighter in the mid' 1970's.

    The F-22 RAPTOR, successor to the F-15 EAGLE, has raised that performance standard a quantum leap.  The F-22 RAPTOR has achieved initial operational capability as of December 2005 and is now combat ready.  The F-22 RAPTOR, as argued by proponents, is expected to "own" any future enemy air space with it's stealth, supercruise Pratt & Whitney thrust-vectoring engines, twin supercomputer avionic synergies, including passive Inter/Intra Flight Data Link technologies.  The only speculated omission at this time, is stealthy two-way radio communication with other AMERICAN and friendly force aircraft.

    It's to be seen if the F-22 RAPTOR will continue to retain the "right stuff", in its proclaimed front-line status of 30 years, against fifth-generation air superiority competition from the likes of Russia or China.  Unlike the U.S. law banning export sales to allies and friends such as Australia, Japan or Israel, it should be noted that Russia intends to sell its version to client countries such as Iran.

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    Air power has changed the course of history.  Ironically, it was air power that plunged the UNITED STATES into war after the attack at Pearl Harbor and air power that turned the tide in the Pacific at the Battle of Midway.  Rapid deployment of air superiority fighters saved many AMERICAN and coalition lives and vanquished enemy forces in Desert Storm and Iraqi Freedom.

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    Air Dominance = Low Casualty Chart

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    Where will the need for the F-22 come from in the decades ahead?  Which of the many geopolitical flash points, throughout the world, ignite with little or no advance warning?  Will diplomacy prevail in Iran, North Korea or Pakistan?  No one can say for sure.   But with the F-22 at the ready, potential hostilities can be averted, or, as in Desert Shield, fight their way into harm's way and own the sky, minimizing casualties.  Not even an advanced version of today's F-15 will be able to overcome the anticipated capabilities of potential enemy land based defenses and their advanced air forces simultaneously in the years ahead.

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    THANKS for taking the time to explore my site.

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    EDMUND BURKE [1729 - 1797]

    F-15 Animated
    Blue Lightstring Runway

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    DECEMBER  22  2016

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