How Much Wood Could a Woodchuck Chuck if a Woodchuck Weighed 850 lbs? Why Linear Regressions Fail At Extrapolation

SyesWideShut:

We are living in an illusion, all data, markets and prices are manipulated and driven by behaviourist ideals. You can only ignore reality for so long, that is until it kicks you in the balls when you’re not looking.

Originally posted on The Consumer Price Illusion:

The BLS uses HQA to evaluate a new product using the pricing relationships that existed in the past to value what the new product would have cost in the past. Setting aside the myriad of fundamental arguments one could make against this process, lets look at a bonafide statistical pitfall that Hedonic Quality Regression (HQR) fails to address. At best this introduces a bias into the CPI, and at worst renders the prices used completely misleading.

HQR was introduced by economists to tackle a very real problem: products keep changing configuration with each new cycle. Very few products stay exactly the same throughout time; companies a constantly adding new features as technological boundaries are pushed to new limits.

However, technology has a tendency to create things we have never seen before. We can all find a point where a technology we take for granted today didn’t exist in the past…

View original 842 more words

IBM Solar Collector Magnifies Sun By 2000X – These Could Provide Power To The Entire Planet

image

Courtesy of Arjun Walia @ Collective Evolution:

A team at IBM recently developed what they call a High Concentration Photo Voltaic Thermal (HCPVT) system that is capable of concentrating the power of 2,000 suns, they are even claiming to be able to concentrate energy safely up to 5,000X, that’s huge.

The process of trapping the sunlight produces water that can be used to produce filtered drinkable water, or used for other things like air conditioning etc. Scientists envision that the HCPVT system could provide sustainable energy and fresh water to communities all around the world.

“Each 1cmX1cm chip can convert 200-250 watts, on average, over a typical eight-hour day in a sunny region. In the HCPVT system, instead of heating a building, the 90 degree Celsius water will pass through a porous membrane distillation system where it is then vaporized and desalinated. Such a system could provide 30-40 liters of drinkable water per square meter of receiver area per day, while still generating electricity with a more than 25 percent yield or two kilowatts hours per day. A large installation would provide enough water for a small town.” (2)

The heat is absorbed into hundreds of tiny solar cells called photovoltaic chips. These gather the energy and are then cooled by microchannled water, which is why they are safely able to concentrate such large amounts of solar energy.

According to Greenpeace, this technology can establish itself as the third largest player in the sustainable power generation industry. A study published in 2009 predicted that solar power could supply all the world’s energy needs, with minimal space. (1) Greenpeace estimates that it would take only two percent of the Sahara Desert’s land area to supply the entire planet’s electricity needs.(1) Continue reading

The New World Order: Does It All Just Boil Down To A Battle For Your Soul?

image

Courtesy of Brandon Smith @ Alt-Market:

From its very inception, the Leninist/Marxist ideology of the Soviet Union made it a central priority to dispel and subjugate religious and spiritual expression. The state was “god.” No other god could be allowed to flourish, for if the people were given license and freedom of belief in something beyond themselves and beyond the establishment, they would retain a sense of rebellion. The collectivist philosophy requires the utter destruction of all competitors; otherwise, it can never truly prevail.

Atheism became the cult of choice among the communists, for in an atheist world there is nothing beyond the veil. There is no greater goal and no inherent self. There is no true individualism, only self interest (not the same thing), the trappings of environmental circumstances, and the constant substantiation of the greater good. By extension, there is no inborn moral compass or conscience, only the social fashions and mores of the moment. In such a world, tyrants reign supreme because atheism allows relativism to flourish; and any crime, no matter how heinous, can be rationalized. Beyond this, if you know and study the real history of the rise of communism, you know through great researchers like Antony Sutton that the very fabric of the system would never have existed without the monetary and military aid of international financiers (i.e. the NWO).

The atheist position uses the same arguments I have just made as a reason to remove religion and spirituality from our cultural influences. And in some respects, atheists are right. Religion is a tool that can be exploited to manipulate the masses. Any system of belief that is faith-based can be misinterpreted and abused in order to lure unwitting dupes and mindless followers into the fray of an engineered disaster. Atheists commonly argue that it is the encumbering nature of faith that causes mankind to destroy itself in the name of zealotry and self-righteous ignorance. Continue reading

Humans Waste Enough Food to Feed 3.48 billion People Annually – GMOs Weren’t Developed to ‘Feed the World’

image

Courtesy of Ethan A Huff @ Natural News:

It isn’t a lack of food that is the driving force behind world hunger, but rather a lack of effective food distribution. An estimated 1.43 billion tons of food go to waste every single year around the world, according to United Nations Food and Agriculture Organization (FAO) estimates, which is enough to feed some 3.48 billion people in need.

During a recent UN forum, fixing this out-of-control problem was a primary topic of discussion. Entitled “Feeding the World: Food, Agriculture and Environment,” the gathering, which took place in Naples, Italy, focused on ways to reign in the waste problem and develop new ways of conserving the food that we already have.

“We need a transformative change in our food and agricultural policies to have sustainability,” explained Ren Wang, Assistant Director-General of FAO’s Agriculture and Consumer Protection Department.

More food is being produced now compared to 60 years ago, and the overall percentage of people who are considered undernourished has dropped from 18.7 percent two decades ago to about 11.3 percent today. But the sheer volume of food that ends up in dumpsters and landfills is shockingly high, and more can be done to save it.

Based on the data, about one-third of the food produced globally ends up in the trash can. In monetary terms, this represents losses of about $680 billion annually in developed countries and $310 billion in developing countries, according to the SAVE FOOD initiative.

Meanwhile, some 805 million people across the globe suffer daily from a lack of adequate nourishment. This is despite the fact that everyone on the planet could consume about 2,800 calories every day based on current output levels — that is, if all the food currently produced was distributed evenly. Continue reading

Is The UN Using Vaccines To Secretly Sterilize Women All Over The Globe?

image

Courtesy of Michael Snyder @ Sleuths Journal:

In some areas of the world, purposely cutting off someone’s family line is considered to be one of the most wicked things that you can possibly do. But that appears to be precisely what the United Nations is doing. Two UN organizations, the WHO and UNICEF, have just been caught red-handed administering “tetanus vaccines” laced with sterilizing agents to girls and women in Kenya. And as you will see below, this is not the first time that this has happened. Apparently there is a well-coordinated international program to use vaccines to secretly sterilize women in poor countries all over the planet. The United States needs to immediately demand a full investigation of the UN vaccine program, but I wouldn’t count on that ever happening under the Obama administration.

There have always been anecdotal stories of women all over the globe being unable to have children after receiving UN vaccines. But now we have scientific proof. Lab tests that were recently conducted found an antigen that causes miscarriages in the vaccines that were being given to girls and women in Kenya. A story that was posted on Life Site News about this caused shockwaves all over the Internet. The following is an excerpt from that report…

Kenya’s Catholic bishops are charging two United Nations organizations with sterilizing millions of girls and women under cover of an anti-tetanus inoculation program sponsored by the Kenyan government.

According to a statement released Tuesday by the Kenya Catholic Doctors Association, the organization has found an antigen that causes miscarriages in a vaccine being administered to 2.3 million girls and women by the World Health Organization and UNICEF. Priests throughout Kenya reportedly are advising their congregations to refuse the vaccine.

“We sent six samples from around Kenya to laboratories in South Africa. They tested positive for the HCG antigen,” Dr. Muhame Ngare of the Mercy Medical Centre in Nairobi told LifeSiteNews. “They were all laced with HCG.”

So exactly what is HCG?

Continue reading

Economic Aspects of the Pension Problem – Part 2

Appears Sixty Years Later

Part Two: Productivity Theory of Interest Revisited

Antal E. Fekete

In Part One I discussed the clear and present danger to pension rights: deflation as manifested by the interest rates structure that has been falling for thirty years, while most observers think that the real danger is inflation. In this second part I carry out a deeper analysis of the pension problem, looking at the marginal productivity of labor and capital and its relevance to the theory of interest.

Courtesy of Professor Fekete @ Professor Fekete.com:

Higher marginal productivity: boon or bane?

There is a lot of loose talk about productivity. Paul Krugman is expecting miracles to start happening after an increase in a mythical productivity, provided that government spending is increased to the level matching or exceeding that during World War II.

However, as Mises pointed out, productivity is a vacuous concept unless its meaning is fixed, such as that of marginal productivity of labor. Then, and only then, can one state the pension problem. According to Mises, the only means to increase permanently the wages and benefits payable to workers is to increase the per capita quota of capital invested in the methods of production, thereby raising the marginal productivity of labor. (See References, Planning for Freedom, p 6.) This is certainly true so far as it goes. It is also true that, if we project this observation to the world at large, then we can conclude that in order to have a progressive world economy and receding poverty, global capital accumulation must accelerate relative to increase in population. The greater the quantity and the better the quality of tools, the greater will be the output of the marginal worker, that is, the greater will be the marginal productivity of labor.

In reading Mises one may get the impression that an increase in marginal productivity is always beneficial to society ― as indeed it would have been under the conditions he envisaged. However, in the case of a monetary system that admits both large swings and prolonged slides in interest rates, this is no longer true. If the matter were simply increasing marginal productivity, monetary policy would be a valid means of “turning the stone into bread”. All it would take is central bank action to keep raising the rate of interest indefinitely. This would force the marginal producer whose capital produces at the marginal rate of productivity to fold tent. His marginal equipment and plants would be idled. His workers producing, as they are, at the marginal rate of productivity of labor would be laid off. Marginal productivity would increase. Indeed, the marginal productivity of both capital and labor automatically rises as a consequence of a rise in the rate of interest. However, in this case the rise in productivity, far from being a boon, is a bane to society, as it makes output and employment shrink. The trick is precisely to make marginal productivity rise along with rising output and employment.

Gold standard: a safeguard against deflation

Continue reading

Named and shamed: The government MPs profiting from NHS sell-off

image

Sickening: These are some of the prominent government ministers who have profited from allowing private companies to provide NHS healthcare services. Meanwhile…

Courtesy of Voxpolitical:

Here’s a new wrinkle on an old story: The social media have been publishing lists of MPs with shares in private healthcare companies – and therefore have their noses in the trough as these companies profit from NHS contracts – since before the Health and Social Care Act 2012 was passed. Now the Unite union has published its own list and the mainstream media have got involved.

Good for Unite – at last this corruption is receiving the attention it deserves.

Named on the list of 71 Coalition MPs (64 Tories; seven Liberal Democrats) are David Cameron and Health Secretary Jeremy Hunt, along with former Health Secretary Andrew Lansley – proving that corruption played a huge part in the introduction of private firms into NHS work.

Nick Clegg and Vince Cable are also named, providing a clear indication of why the Liberal Democrats colluded in this – we can only call it – crime. Even though none of the politicians mentioned in the list acted against current UK laws, they all acted dishonestly in claiming that the change was good for the country when in fact they meant it was good for themselves.

How many of them declared this clear conflict of interest while voting for the Health and Social Care Act in 2012? None seems the most likely answer.

According to the Daily Mirror, “All 71 MPs named in the dossier voted in favour of the Government’s controversial Health and Social Care Act in 2012, which opened up the NHS to more private firms.”

The revelation comes ahead of Friday’s vote on Labour MP Clive Efford’s Private Members’ Bill, which calls on MPs to scrap key sections of the Act.

This Bill is not to be confused with Labour’s plan to abolish the Act altogether, which could only happen after a Labour government is elected in May next year. The UK Parliamentary system works in such a way that the sitting government can never lose a whipped vote as its members outnumber all other groups in the House of Commons; it is a shame that this blog has to spell it out but some readers have demonstrated a lack of understanding in this regard.

The list includes Andrew Lansley’s now-infamous £21,000 donation in November 2009 from John Nash, the former chairman of Care UK, and Jeremy Hunt received more than £20,000 from hedge fund baron Andrew Law, a major investor in healthcare firms. Continue reading