June 3, 2013

Ohio Tea Party Leader Slams NYT’s Ignorant and Biased Report on Groups’ Tax-Exempt Apps

On May 27, Nicholas Confessore and Michael Luo at the New York Times filed a ridiculously incoherent, ignorant and biased report on Tea Party groups’ attempts to have their organizations approved for tax-exempt status. The story’s window title: “Non-Profit Applcants Chafing at IRS Tested Political Limits.” The actual print edition title (Page A1, of course): “Groups Targeted by I.R.S. Tested Rules on Politics.” The headlines give the impression that Tea Party groups deliberately tried to test the boundaries of legality.

The pair’s content also betrayed more than a little ignorance of the rules governing campaign finance, electioneering, and literature distribution. Among those interviewed for the story was Tom Zawistowski, Portage County TEA Party Executive Director. Zawistowski took great exception to their writeup in an email he distributed on Saturday (bolds are mine; additional paragraph breaks added by me):

(more…)

Real ‘Bombshell’ Is That Reporters More Experienced Than ABC’s Trey Hardin Already Had to Know What He Revealed

ObamaIRSwide0513In what some have described as a “bombshell” statement, ABC News Political analyst Trey Hardin said something on Monday morning any reporter with any kind of meaningful inside connections in Washington should have known, but apparently wouldn’t dare say or write: “I can say with a very strong sense of certainty that there are people very close to this president that not only knew what the IRS were doing but authorized it.”

Martin continued: “It simply just does not happen at an agency level like that without political advisers likely in the West Wing certainly connected to the president’s ongoing campaign organization that didn’t know about it.” Again, many experienced reporters in Washington had to know this. Any remaining doubts that what Hardin said is true disappeared today when Congressman Darrell Issa, as reported by Kerry Picket at Breitbart News, released hearing testimony previous obtained (bolds are mine):

(more…)

May ISM Manufacturing: Contraction (49.0%)

Filed under: Economy,MSM Biz/Other Bias,MSM Biz/Other Ignorance — Tom @ 10:12 am

Expectations, per Business Insider, are for a reading of 51.0%, a slight increase from last month’s 50.7%, still expansionary, if barely so (any reading about 50% indicates expansion).

Here’s the news (link), which reports that manufacturing has moved into slight contraction territory:

Economic activity in the manufacturing sector contracted in May for the first time since November 2012, and the overall economy grew for the 48th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.

The PMI™ registered 49 percent, a decrease of 1.7 percentage points from April’s reading of 50.7 percent, indicating contraction in manufacturing for the first time since November 2012 and only the second time since July 2009. This month’s PMI™ reading is at its lowest level since June 2009, when it registered 45.8 percent.

The three most substantive elements of the index in terms of their influence on current and future GDP growth all nosedived:
- New Orders, from 52.3 to 48.8.
- Production, from 53.5 to 48.6.
- Backlog of Orders, from 52.3 to 48.8.

Consider this a direct rebuke to the Associated Press’s Tom Raum, who just eight days ago wrote that “the economy clearly, if slowly” is recovering.

Horse manure.

________________________________________

UPDATE: Of course, in this upside-down world, this might be good news for the stock market, because it means that the Fed’s Ben Bernanke will keep the quantitative ease going, the long-term be damned.

Or, as Zero Hedge just noted, along with confirming that the markets really do like the news (“Huge Manufacturing ISM Miss And Lowest Print Since June 2009 Sends Markets Soaring”): “the result means no taper. The farce must go on.”

Positivity: Teen’s invention recharges cellphones in seconds

Filed under: Marvels,Positivity — Tom @ 7:44 am

From Saratoga, California (indirect HT to Daryn Kagan):

May 24, 2013 7:28AM

Tired of constantly dying batteries, she came up with a device that could revolutionize energy storage — and won $50,000 from Intel.

If you care at all about America’s future as a country of ideas and potential, you’ll probably agree that this is a cool story.

An 18-year-old high school student has come up with what might be a breakthrough in the field of energy storage. She has invented a device that can, for example, recharge a cellphone in seconds rather than hours.

Eesha Khare, a student at Lynbrook High School in Saratoga, Calif., was one of two runners-up at the annual Intel (INTC 0.00%) International Science and Engineering Fair last week in Phoenix. She beat out more than 1,600 finalists from more than 70 countries.

Khare received one of two Intel Foundation Young Scientist Awards of $50,000. As the company’s press release states, “Eesha recognized the crucial need for energy-efficient storage devices. She developed a tiny device that fits inside cell phone batteries, allowing them to fully charge within 20-30 seconds.”

When asked by NBC News why she focused on energy storage, the high school senior had a very practical response: “My cellphone battery always dies.”

Besides charging very quickly, Khare’s supercapacitor can also endure 10,000 recharging cycles, compared with current conventional batteries, which last about 1,000 cycles. She says her work in supercapacitors also allowed her to focus on her interest in nanotechnologies and nanochemistry.

In other words, this young woman has come up with a tiny, solid-state and highly efficient battery that can bend, fold and potentially be used in a variety of applications, from clothing and fabric to car batteries. …

Go here for the rest of the story.

Monday Off-Topic (Moderated) Open Thread (060313)

Filed under: Lucid Links — Tom @ 6:05 am

Rules are here. Possible comment fodder may follow later. Other topics are also fair game.