Captain Coward Will Pay

Barack Obama, Bush, Business, Crime, Ethics, Europe, Government, Morality

How does a subhuman like Francesco Schettino get a job ferrying 4000 people across the seas? It could be worse. Someone of George Bush’s ilk or Barack Obama’s caliber could—and did—get the endorsement of millions to shepherd them into war and economic ruin. Not once, but twice in Bush’s case. So, in counting the sick-making ways of the Captain who capsized the Costa Concordia off the Tuscan coast—causing the death of five, so far (least 15 people are still missing, including two Americans)—remember this: Schettino will be punished. Bush, Obama and their progeny will be pampered and paraded around with pride for the rest of their sorry lives. Back to Costa Concordia:

The dumb-as-a-rock captain blames a rock that was not supposed to be there.

Schettino insisted he was twice as far out and said the ship ran aground because the rocks weren’t marked on his nautical charts. “We were navigating approximately 300 meters (yards) from the rocks,” he told Mediaset television. “There shouldn’t have been such a rock. On the nautical chart it indicated that there was water deep below.”

What sickens me is that this excuse for a captain concedes to “maneuvering the ship in ‘touristic navigation,” a mere 300 meters from the shore, “implying a route that was a deviation from the norm and designed to entertain the tourists.”

Costa captains have occasionally steered the ship near port and sounded the siren in a special salute … Such a nautical “fly-by” was staged last August, prompting the town’s mayor to send a note of thanks to the commander for the treat it provided tourists who flock to the island, local news portal GiglioNews.it reported.

Schettino had been paid by the passengers of the Costa Concordia. Yet he was attempting to entertain and impress spectators at the cost of those who had trusted him with their lives, and had paid him too.

Not having a sense of who your asset is; where your financial/fiduciary loyalty/interests belong; who you should treat well because your endeavor depends on him: this is a phenomenon I’ve encountered a lot.

Also clear from the reports is that “the captain abandoned the stricken liner before all the passengers had escaped. According to the Italian navigation code, a captain who abandons a ship in danger can face up to 12 years in prison.”

A French couple who boarded the Concordia in Marseille, Ophelie Gondelle and David Du Pays, told the Associated Press they saw the captain in a lifeboat, covered by a blanket, well before all the passengers were off the ship.

This is not the first time that a captain of one of these floating cities jumped ship first.

Recent Fed Revelations Should Shoo-In Ron Paul

Economy, Federal Reserve Bank, Media, Political Economy, Ron Paul

I wonder if the king of Keynesianism, economist Paul Krugman, is reading the report by his New York Times colleague, BINYAMIN APPELBAUM. The report revolves around the utter ignorance evinced in the 1,200 pages of transcripts of the “conversations between Federal Reserve Chairman Ben Bernanke and his colleagues at the Fed Board of Governors in 2006.” Krug should!

As PBS’s RAY SUAREZ’s reports, “They discussed the changing conditions surrounding an overheated housing market.”

The question really is this: Why, in the presence of a presidential candidate such as Paul, does APPELBAUM and his interlocutor find the complete lack of understanding of the housing crisis among the Board so “striking”? Isn’t it time to admit that one current frontrunner spoke to these facts and to the economic truths they portend?

HERE ARE SOME particularly jarring excerpts from the exchange between these two blind mice of mainstream media, jarring because of the half truths they represent. The man missing from this report is also the reason the minutes are now available:

“… these minutes show us the extent of their misunderstanding of the health of the economy. They show us how badly they misunderstood the way that the economy was working, how badly they misunderestimated the impact of the housing crash.

And it shows, you know, a group of very intelligent, very thoughtful people, you know, talking about the economic situation in the country in a considered way, evaluating what might happen, and having a discussion that, it turns out in retrospect, was far removed from the reality of the actual situation.

it’s so striking. If you kept reading from that quote, what you would see is that she went on to say, basically, but this is a small problem. The market as a whole is doing fine. The overall quality of these securities is very good. I’m not worried about the housing market.

In fact, at one point, she said that if there was a mild correction in housing, it would benefit the economy by moving resources to healthier sectors of the economy. You’re right. They saw it. They saw that housing was crashing. They joked about the problems that home builders were having in selling homes

…To be fair, a lot of other economists at the same time were talking about blue skies, soft landing, moderation in the coming years. It wasn’t like there were just a bunch of clods sitting around this table, and everybody else could see it, right?

MORE.

UPDATE II: ANC Centenary Celebrations Kick Off in … America (Theron The Twit)

Africa, Celebrity, Hollywood, Propaganda, Pseudo-history, Race, South-Africa, Terrorism

PBS is celebrating: “This week, the African National Congress, South Africa’s ruling political party, marked its 100th anniversary.” Drop the Newspeak. The ANC heads a dominant-party state. Not quite a one-party state, but almost.

To kick off the fun, I watched a rather well-produced, utterly one-sided, propagandist “documentary” yesterday. “Have You Heard From Johannesburg” is about the so-called Struggle. The behind-the-scenes reality popped into my head when watching the famously “exiled South Africans,” (like Oliver Tambo) suited up, and giving ponderous interviews:

“… There was certainly precious little that would have dampened Joseph Lelyveld’s enthusiasm for ‘The Struggle.’ But when the former (aforementioned) New York Times editor went looking for his exiled ANC heroes all over Africa, he found nothing but monosyllabic, apathetic, oft-inebriated men whom he desperately tried to rouse with revolutionary rhetoric.” (Page 143, Into the Cannibal’s Pot.)

Myth-making aside, the ANC’s manufactured heroes have nothing on the ascetic, self-sacrificing Salafis who man al-Qaeda (and who do not rely on European groupies for sustenance).

UPDATED I: “AFRICAN NATIONAL CORRUPTION.” A LOT TO CELEBRATE. DURBAN. I WOULD NOT recognize it today. Durban Bay is dying, environmentally.

UPDATE II: “Be a man who is not afraid to know his HIV status” broadcasts a billboard in the CBD of the once-magnificent city of Johannesburg. The image attached to the ad? A white man. HIV is almost non-existent, statistically, among whites. Such equal opportunity idiocy reminds me of that useless idiot, actress Charlize Theron, who, during a recent interview with another member of the idiocracy, Piers Morgan, hinted that South Africans should be disarmed. Her campaign against rape in SA was as vague, if not as dangerous. In addition to being a pretentious, rather poor actress, Theron is a major hypocrite: I believe her mother shot her father, all in a “good” cause, of course.

The image of your prototypical HIV carriers is at the 3:27 minute mark:

In my book I flesh out the facts about the Central Business District; what it looks like today—the JHB Stock Exchange has been forced to migrate to the suburbs, and businesses are shuttered—as compared to the time when I used to walk to work (it was in the Southern Life Building) from the bus station. I lived up the road in the once vibrant, humming, safe Hillbrow, where I used to stroll at night. A clip of Hillbrow today is below.

Have you ever heard of the hijacking of a … building? It’s a new concept. Of course, the woman in the clip is mouthing the allowable left-liberal platitudes, with her reference to the divinity “Madiba” (Mandela’s African honorific, and an adopted affectation among liberals). “Madiba” would not wish fear to replace his magnificent legacy. The old idiot interviewed seems to think that fear anchored in a fearful reality is a really bad thing. I’ve heard this pearl of wisdom repeated among many American liberals. Living life stupidly and fearlessly seems to be a great virtue.

Paul Financial Portfolio

Business, Debt, Economy, Federal Reserve Bank, Ron Paul

OF COURSE RON PAUL IS INTO METAL BIG TIME. Naturally, Austrians in economics will be gold bugs and/or general metalheads.

It should be no surprise that, “Twenty-one percent of [Ron Paul’s] $2.4 to $5.5 million was in real estate, 14 percent in cash. He owns no bonds. Only 0.1 percent is invested in stocks, and Paul bought these ‘short,’ betting the price will plunge. Every other nickel is sunk into gold and silver mining companies.”

“This portfolio,” said [financial analyst William Bernstein], “is a half step away from a cellar-full of canned goods and 9-millimeter rounds.” [Dah!]
“You can say this for Ron Paul,” conceded [the Wall Street Journal]. “In investing as in politics, (Paul) has the courage of his convictions.”

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