Obama's Ohioan onomatomania...

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Today the name of North America's tallest mountain, Mount McKinley in Alaska, will be changed to 'Denali', which in the Athabascan language (Alaskan native) means "the high one"...Yep. The US DOI informs us; the decision was endorsed by Obama: "Under Obama's action, Interior Secretary Sally Jewell will use her legal authority to end the long debate and rename the mountain" [Reuters]

The mountain has spoken 🗻
Mt McKinley officially renamed Denali: http://t.co/VSN2vl7yZo
Congrats, Alaska! pic.twitter.com/ZdRTJ2PEHL

— US Dept of Interior (@Interior) August 30, 2015

The Mountain has spoken? The mountain was named in 1896 after William McKinley, the Ohioan who became the 25th President of the United States and was assassinated in 1901. The first recorded reference to Denali in the journal of British explorer Captain George Vancouver around about 1794; Denali is already the name of the National Park (including Denali National Monument and Denali Preserve as well) and has been called that since 1917, why change the name of the mountain? And why now? It's an anagram of 'denial'. not sure whether that could be funny or not.



Moving on...in other Decline of USA news, the University of Texas removes Jefferson Davis statue [Link]. Hat-tip: Weasel Zippers



However, the not having things named after POTUS will be continued, no doubt...right?...Oh FFS. 

Obama's Ohioan onomatomania...

---

Today the name of North America's tallest mountain, Mount McKinley in Alaska, will be changed to 'Denali', which in the Athabascan language (Alaskan native) means "the high one"...Yep. The US DOI informs us; the decision was endorsed by Obama: "Under Obama's action, Interior Secretary Sally Jewell will use her legal authority to end the long debate and rename the mountain" [Reuters]

The mountain has spoken 🗻 Mt McKinley officially renamed Denali: http://t.co/VSN2vl7yZo Congrats, Alaska! pic.twitter.com/ZdRTJ2PEHL

— US Dept of Interior (@Interior) August 30, 2015

The Mountain has spoken? The mountain was named in 1896 after William McKinley, the Ohioan who became the 25th President of the United States and was assassinated in 1901. The first recorded reference to Denali in the journal of British explorer Captain George Vancouver around about 1794; Denali is already the name of the National Park (including Denali National Monument and Denali Preserve as well) and has been called that since 1917, why change the name of the mountain? And why now? It's an anagram of 'denial'. not sure whether that could be funny or not.

Moving on...in other Decline of USA news, the University of Texas removes Jefferson Davis statue [Link]. Hat-tip: Weasel Zippers

However, the not having things named after POTUS will be continued, no doubt...right?...Oh FFS. 

Objurgatory oblectation...

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From probably the most copied piece of film ever: Hitler reacts to England Rugby World Cup selection, really very funny:

Objurgatory oblectation...

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From probably the most copied piece of film ever: Hitler reacts to England Rugby World Cup selection, really very funny:

Ongoing overcrowding III...

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"Net long-term international migration = +330,000 (up 94,000 from YE March 2014), in the year
ending (YE) March 2015. 

The net migration figure was a statistically significant increase from 236,000 in YE March 2014
and is the highest net migration on record."

Just two points from the summary from the Office for National Statistics (ONS) Migration Statistics (PDF full report); this is getting stupid. From Migration Watch press release: "There could hardly be a worse time for the Treasury to cut the funds available for immigration control." Looking at Fig 4 (in the ONS link) we see that from 2011 to 2013 there was a fair amount of success (down 25%) in lowering the non-EU immigration but half of this was counteracted by increased EU immigration. Since 2013 both sets have increased. Nearly 30% of the total net immigration (year to March 2015) were students, we'll give them benefit of the doubt although many thousands are not students at all and as we have seen in the past, some colleges and courses or tests were entirely false (and "Each year, around 100,000 non-EU students get their visas to stay in the UK extended"). A full 16% (year to March 2015) say the reason they came was "looking for work", WTF? If I turned up anywhere at a frontier and said I was just looking for work I would get turned back; I cannot think of any of the 50-60 countries that I have visited that would accept this. Are no questions asked? At all? A further 13% came as family/to join someone already here. Dare I suggest that of this 29% nearly* all shouldn't be here. * clearly some family of those on long term work contracts should be.



[Update] And when we look at the National Insurance numbers (NINos) and the probable number of illegal immigrants we can safely say the ONS figures are a massive UNDER estimate. 

Ongoing overcrowding III...

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"Net long-term international migration = +330,000 (up 94,000 from YE March 2014), in the year ending (YE) March 2015. 

The net migration figure was a statistically significant increase from 236,000 in YE March 2014 and is the highest net migration on record."

Just two points from the summary from the Office for National Statistics (ONS) Migration Statistics (PDF full report); this is getting stupid. From Migration Watch press release: "There could hardly be a worse time for the Treasury to cut the funds available for immigration control." Looking at Fig 4 (in the ONS link) we see that from 2011 to 2013 there was a fair amount of success (down 25%) in lowering the non-EU immigration but half of this was counteracted by increased EU immigration. Since 2013 both sets have increased. Nearly 30% of the total net immigration (year to March 2015) were students, we'll give them benefit of the doubt although many thousands are not students at all and as we have seen in the past, some colleges and courses or tests were entirely false (and "Each year, around 100,000 non-EU students get their visas to stay in the UK extended"). A full 16% (year to March 2015) say the reason they came was "looking for work", WTF? If I turned up anywhere at a frontier and said I was just looking for work I would get turned back; I cannot think of any of the 50-60 countries that I have visited that would accept this. Are no questions asked? At all? A further 13% came as family/to join someone already here. Dare I suggest that of this 29% nearly* all shouldn't be here. * clearly some family of those on long term work contracts should be.

[Update] And when we look at the National Insurance numbers (NINos) and the probable number of illegal immigrants we can safely say the ONS figures are a massive UNDER estimate. 

Oblectation over osiedle ounces...

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More of the same?

...maybe. A German and a Pole have contracted a law firm in Walbrzych, Poland (did you know...) who say they have found a train rumoured to be a missing Nazi gold train that disappeared in World War Two. Polish media say the men want 10% of the value of the train's contents.



The train - presuming it's the one they think it is - "which has become infamous in local folklore" is said to have up to 300 tonnes of gold on board. A metric tonne is just under 35,274 ounces so if true we're talking 10.5 MILLION ounces, which at today's gold price that's a very cool 12 BILLION USD; not to mention other treasures that may be aboard.

Oblectation over osiedle ounces...

---

More of the same?

...maybe. A German and a Pole have contracted a law firm in Walbrzych, Poland (did you know...) who say they have found a train rumoured to be a missing Nazi gold train that disappeared in World War Two. Polish media say the men want 10% of the value of the train's contents.

The train - presuming it's the one they think it is - "which has become infamous in local folklore" is said to have up to 300 tonnes of gold on board. A metric tonne is just under 35,274 ounces so if true we're talking 10.5 MILLION ounces, which at today's gold price that's a very cool 12 BILLION USD; not to mention other treasures that may be aboard.

Officially Oliver...

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Inferno: Cantos 28-30, Circle 8, Ditches 9-10

– Dividers and Deceivers

Oliver was the most popular name for a baby boy in England and Wales in 2014; this is the second year running. Full list HERE and Amelia is the most popular girl's name, also for the 2nd consecutive year [ONS data]. Breibart London tells us that "Muhammad is the most popular name given to newborn baby boys in London"; note too that Mohammed is 10th. Taking the three most common variants (there are about fourteen overall) it is easy to see that it is not only London: in England and Wales those three variants total 7,240, a full 9% higher than the 'winner' Oliver.



Now this isn't hidden [e.g. BBC] but it is never the headline, which should be Mohammed most popular boys name AGAIN: since 2007 it has been 1st or 2nd.



Many try, every year, to claim it isn't so: they say Harry and Henry add up, or Jack and John, or Jake and Jacob or some other variant stretching interchangeability to the limit; thing is, they are completely missing the point (not to mention 2nd names) that this particular name isn't because it's a la mode or a sporty hunk, or a pretty-boy celebrity or some young pop millionaire; it is chosen by Muslim parents to commemorate their Prophet presumably hoping their son will take the Prophet as their example; historical fact, religious texts and accepted biographies show us this isn't a particularly good thing.



It is also the most popular name in other European capitals, and - believe it or not - even Israel: [Haaretz]"The authority circulated a list with the 10 most popular names for boys and for girls under the heading, “The most common names among babies born this year” – referring to the Jewish year 5774 – but neglected to mention that the list only included Hebrew names". ...and yes, the world.



...perhaps in a couple of decades one of the recent baby Olivers will be writing a Soldier's Catechism for the 2nd 'Civil' War. No, how silly of me: no way will it be as long as 20 years. 

Officially Oliver...

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Inferno: Cantos 28-30, Circle 8, Ditches 9-10
– Dividers and Deceivers

Oliver was the most popular name for a baby boy in England and Wales in 2014; this is the second year running. Full list HERE and Amelia is the most popular girl's name, also for the 2nd consecutive year [ONS data]. Breibart London tells us that "Muhammad is the most popular name given to newborn baby boys in London"; note too that Mohammed is 10th. Taking the three most common variants (there are about fourteen overall) it is easy to see that it is not only London: in England and Wales those three variants total 7,240, a full 9% higher than the 'winner' Oliver.

Now this isn't hidden [e.g. BBC] but it is never the headline, which should be Mohammed most popular boys name AGAIN: since 2007 it has been 1st or 2nd.

Many try, every year, to claim it isn't so: they say Harry and Henry add up, or Jack and John, or Jake and Jacob or some other variant stretching interchangeability to the limit; thing is, they are completely missing the point (not to mention 2nd names) that this particular name isn't because it's a la mode or a sporty hunk, or a pretty-boy celebrity or some young pop millionaire; it is chosen by Muslim parents to commemorate their Prophet presumably hoping their son will take the Prophet as their example; historical fact, religious texts and accepted biographies show us this isn't a particularly good thing.

It is also the most popular name in other European capitals, and - believe it or not - even Israel: [Haaretz]"The authority circulated a list with the 10 most popular names for boys and for girls under the heading, “The most common names among babies born this year” – referring to the Jewish year 5774 – but neglected to mention that the list only included Hebrew names". ...and yes, the world.

...perhaps in a couple of decades one of the recent baby Olivers will be writing a Soldier's Catechism for the 2nd 'Civil' War. No, how silly of me: no way will it be as long as 20 years. 

Owing options...

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Another interesting money related graph; not the debt (see Owning outstanding) but - look away Venezuelans - the world's riskiest sovereign debt (the Business Insider graph uses cost prices of CDS (credit-default swaps), "which are derivatives that pay out if a borrower defaults.". Hat-tip Caracas Chronicles where DAUZ has a an great explanation of how CDS work for those not so au fait with the financial lingo and definitions.

Owing options...

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Another interesting money related graph; not the debt (see Owning outstanding) but - look away Venezuelans - the world's riskiest sovereign debt (the Business Insider graph uses cost prices of CDS (credit-default swaps), "which are derivatives that pay out if a borrower defaults.". Hat-tip Caracas Chronicles where DAUZ has a an great explanation of how CDS work for those not so au fait with the financial lingo and definitions.

Octogenarian Oracle of Omaha's Oregon opportunity...

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Bowl of nuts...

Despite in 2006 saying he would be giving most of his fortune away, Warren Buffett now has a real-time net worth of more than USD67 billion [Forbes]. His latest - and biggest - deal could be described as merely a nuts 'n bolts affair: "Precision Castparts manufactures nuts, bolts and other fasteners for aerospace companies such as Airbus and Boeing. It also makes pipes and fittings for power and industrial companies" but PCC is a bit more than that.



Berkshire Hathaway paid - in a cash deal - USD235 per share (21% above PCC's closing share price on Friday!); there are at least a dozen PCC companies in the UK. The press release is number 666.  

Octogenarian Oracle of Omaha's Oregon opportunity...

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Bowl of nuts...

Despite in 2006 saying he would be giving most of his fortune away, Warren Buffett now has a real-time net worth of more than USD67 billion [Forbes]. His latest - and biggest - deal could be described as merely a nuts 'n bolts affair: "Precision Castparts manufactures nuts, bolts and other fasteners for aerospace companies such as Airbus and Boeing. It also makes pipes and fittings for power and industrial companies" but PCC is a bit more than that.

Berkshire Hathaway paid - in a cash deal - USD235 per share (21% above PCC's closing share price on Friday!); there are at least a dozen PCC companies in the UK. The press release is number 666.  

Osorio's overstatement; OLP overkill...

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Basically bankrupt [Link]

[edited a.m. 090815] Venezuelan 'Minister for Food' (really?) Carlos Osorio pledged two months ago that the food crisis would be over in two months...not only is it still going on but the lines of waiting customers are getting longer. Also, looting in increasing (when the people in the lines get exacerbated) but the government would rather try to shoot the messenger in an attempt to belie the message. And now the unthinkable: the beer is running out; "take away beer and things get risky" [Link], this I can vouch for from personal experience (bit like THIS). From the 'Link' link, a store owner - without 'milk and bottled water for months' - says "People more freaked out about losing beer than water – it shows how distorted our priorities have become here"; in a land where petrol costs the tank-filler less than 2 dollar cents a litre this is hardly surprising. The courts silence opposition but also "low-profile dissenters", and are slowly but surely 'annulling' political parties by appointing pro-government cliques to lead them. There is no doubt that the country is near to a 'major social crisis' (been there for years some say and no surprise to others), this year's elections will be interesting.



The OLP have been busy, (Operativo de Liberación y Protección del Pueblo / The People's Liberation and Protection Operative) with Krusty 2nd Nick Ripe saying that the OLP will continue until "criminal gangs and paramilitary practices infiltrated into the country by the right are eliminated"...fine but I'm assuming that many of these are the same gangs formed and armed by Chavez. 

Osorio's overstatement; OLP overkill...

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Basically bankrupt [Link]

[edited a.m. 090815] Venezuelan 'Minister for Food' (really?) Carlos Osorio pledged two months ago that the food crisis would be over in two months...not only is it still going on but the lines of waiting customers are getting longer. Also, looting in increasing (when the people in the lines get exacerbated) but the government would rather try to shoot the messenger in an attempt to belie the message. And now the unthinkable: the beer is running out; "take away beer and things get risky" [Link], this I can vouch for from personal experience (bit like THIS). From the 'Link' link, a store owner - without 'milk and bottled water for months' - says "People more freaked out about losing beer than water – it shows how distorted our priorities have become here"; in a land where petrol costs the tank-filler less than 2 dollar cents a litre this is hardly surprising. The courts silence opposition but also "low-profile dissenters", and are slowly but surely 'annulling' political parties by appointing pro-government cliques to lead them. There is no doubt that the country is near to a 'major social crisis' (been there for years some say and no surprise to others), this year's elections will be interesting.

The OLP have been busy, (Operativo de Liberación y Protección del Pueblo / The People's Liberation and Protection Operative) with Krusty 2nd Nick Ripe saying that the OLP will continue until "criminal gangs and paramilitary practices infiltrated into the country by the right are eliminated"...fine but I'm assuming that many of these are the same gangs formed and armed by Chavez. 

Owning outstanding...

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Outstanding as in not yet paid! Interesting visualization of then nearly USD 60 T-T-Trillion world debt by country (note: the data comes from the IMF and only covers public government debt i.e. this excludes the debt of citizens, businesses and unfunded liabilities). It is also colour coded by region. As usual click to enlarge or see it courtesy of Visual Capitalist (Hat-tip Zero Hedge).



It goes with a previous image of the World Economy that isn't as relative as you'd think: Japan for instance with 6.18% of total economic production but has almost 20% of global debt; along with the USA the two countries account for just under 30% of the global economy but just under 50% of the global debt...and who owns that debt?



Next month Owsblog reaches it's 10 year birthday, pity I'm hardly managing a couple of blogposts a month! I've made excuses before and been busy before.  :-(

Owning outstanding...

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Outstanding as in not yet paid! Interesting visualization of then nearly USD 60 T-T-Trillion world debt by country (note: the data comes from the IMF and only covers public government debt i.e. this excludes the debt of citizens, businesses and unfunded liabilities). It is also colour coded by region. As usual click to enlarge or see it courtesy of Visual Capitalist (Hat-tip Zero Hedge).

It goes with a previous image of the World Economy that isn't as relative as you'd think: Japan for instance with 6.18% of total economic production but has almost 20% of global debt; along with the USA the two countries account for just under 30% of the global economy but just under 50% of the global debt...and who owns that debt?

Next month Owsblog reaches it's 10 year birthday, pity I'm hardly managing a couple of blogposts a month! I've made excuses before and been busy before.  :-(