Negative Railroad A Collection of Breaks in the Line

As righties and lefties argue about the merits of “drill, baby, drill”, the domestic energy industry has quietly been drilling here, now. For natural gas:

production hit a new record level in 2009, breaking the previous record set in 2008. The 2.2% increase in 2009 follows increases of 4.4% in 2008, 4.8% in 2007, and 0.33% in 2006, bringing last year's production to a level 12.2% above the output in 2006.

This surge in domestic natural gas production over the last three years has enabled the United States to overtake Russia as the world's No. 1 producer of natural gas, and is all due to advanced drilling methods now being used to drill for gas through a type of rock known as shale.

Trains are pretty impressive beasts. But we saw a while back that snow can stop them in their tracks.

What happens when a tornado and a freight train cross paths?

Nature - 2 ; Trains - 0.

I’ve been watching a replay of last Friday’s health care forum. Lefty Senator Jay Rockefeller has been blathering about evil insurers cancelling coverage for people with pre-existing conditions. Separate from debating the truth of the characterization, is this really a big problem?

I figure the Failed Obama Administration™’s own website, HealthReform.gov, should provide data well-suited to support a perspective that this practice, called “recission”, is a widespread horror:

A recent Congressional investigation into this practice found nearly 20,000 rescissions from three large insurers over five years, saving them $300 million in medical claims – $300 million that instead had to come out of the pockets of people who thought they were insured, or became bad debt for health care providers.

(please click image—nothing bad will should happen)

A vintage ad from NRR’s left sidebar caught my eye:

From the ad copy, we learn that, in 1956, buying a week’s worth of food at one time and storing it at home was a new trend. It was clearly seen as a convenience to have all the food at hand. In the 50s, the big benefit was reducing the time spent making trips to the grocer. Today we might include saving the energy and pollution those trips generate, too.

This work-saving (and planet-saving) appliance, available in decorator colors, was priced at $229.95. In today’s dollars, that’s $1,852.89.

Mayor Dave Bing deserves some credit for acknowledging economic reality:

The city plans to save some neighborhoods and encourage residents to move from others, he said.

"If we don't do it, you know this whole city is going to go down. I'm hopeful people will understand that," Bing said. "If we can incentivize some of those folks that are in those desolate areas, they can get a better situation."

"If they stay where they are I absolutely cannot give them all the services they require."

Cities exist because the benefits of having people close together outweigh the costs of crowding. In today’s Detroit, there is not so much crowding:

The popular tone seems to be that banks are not lending to small businesses. There are counter-examples, and bankers insist they are making loans to those who can offer both some decent collateral and a reasonable prospect of making payments. I conclude that the problem—if it is a problem—is that banks have tightened their underwriting standards.

Banks have to do this because they can’t afford more bad loans. The Federal Reserve requires bankers to hold some small fraction of real assets against all the promises of payment (loans) they hold.

Maxed Out Mama, who always looks deep into the data, sees cause for optimism:

If one tried, one could make a case that the economy will continue decent growth in 2010, or one could make the case that the economy would subside once more in the later part of 2010. There are indications both ways. Usually, that is an encouraging sign.

I won't try to make any case. In my view this is somewhat fragile and the final trajectory for 2010 depends most on government policy and fuel prices (which will control a lot about spending power).

Income tax withholdings (WIET) are up compared to this period last year. But, last year was horrible. It appears Main Street is no longer collapsing. That’s the good news.

The bad news is that Main Street is still in a fragile condition:

Assistant Village Idiot considers himself to have a skeptical nature:

Progressives, freethinkers, 60's liberals, granolas, and alternative medicine adherents think they agree with me on this skeptical approach, seeing themselves as the ones willing to challenge received wisdom. (There is overlap among those groups, but folks usually tend to specialise in one skepticism.)

According to the U.S. Census Bureau, about 67% (pdf) of owner-occupied American homes have mortgages against them. According the the Mortgage Bankers Association, 15.02% of those mortgages are at least one payment late. That works out to be 10%, a record high.

Since 3.63% of mortgages are only one payment behind, that leaves about 11.4% of mortgage holders (7.6% of all homes) who can’t just be dismissed as having lost a payment slip.

In the third quarter of 2009, 1.2% of mortgages began foreclosure. That’s “only” .8% of all homes, and “just” in one quarter. Multiplying by four quarters puts 3.2% of all owner-occupieds in foreclosure. How many on your block?

With two recent murderous crazies in the news, expect each to be linked to Tea Partiers, conservatives and/or anything lefty culture finds disturbing. It will become part of the informal codespeak of lefties around the country. Never mind the facts, as anyone who opposes the lefty narrative and leftoid agenda is, by definition, exactly the kind of nutjob who would fly an airplane into a building.

Since reason and verifiable fact do not matter much in the Age of Obama, I enter this as counter evidence about who the real criminals in the U.S. voted for:

ZMSFFTNAAK8Y

The opening sequence of the Star Wars movie (the original 1977 one, now known as Episode IV) is most famous for its crawling text that sets the scene for the film. I was always more moved by the Imperial Star Destroyer as it hunts a hapless freighter.

The freighter must be huge. It has ten eleven engines!

But the Destroyer dwarfs it. When you think you’re seeing the tail of it, there’s more. And then there’s more again.

After a decade or more of mainstream urging, I suggest that nearly everyone who wants to “go green” has done so. Or has at least started down a greener path.

Green messages may have reached a saturation point, becoming ubiquitous so we stop noticing them. There are still fortunes to be made—even outside subsidy capture—but green isn’t cutting-edge cool anymore.

So what’s next?

Going gray:

Forty years from now, one out of four Americans will be 65 or older.
Twenty million will be over 85.
One million will be over 100.

With the absurdly huge quantity of cat photos posted to the interweb, how can anyone still think some cat is weird?

My cousin's cat Munchkin is a weirdo. He can regularly be found in this pose on the living room rug.

Teach a man how to beg for fish and he'll never learn to fish.

Quoted from: Cobb

If you’re reading this, you have access to the intertubes. Which also means you have access to this:

The web has made it easier than ever before to get a free education, and you'd join the ranks of great thinkers in history who were also self-taught, like Joseph Conrad, Albert Einstein, Alexander Graham Bell, Paul Allen, Agatha Christie and Ernest Hemingway. You, too, can be an autodidact; the breadth of free educational materials available online is absolutely astonishing.
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February is Black History Month. Following our mission of pointing out the unseen, NRR takes this opportunity to note that freed men of color were vastly more likely to own black slaves than white men:

According to federal census reports, on June 1, 1860 there were nearly 4.5 million Negroes in the United States, with fewer than four million of them living in the southern slaveholding states. Of the blacks residing in the South, 261,988 were not slaves. Of this number, 10,689 lived in New Orleans. The country's leading African American historian, Duke University professor John Hope Franklin, records that in New Orleans over 3,000 free Negroes owned slaves, or 28 percent of the free Negroes in that city.

Our Mylar Mayor’s plan for $50,000 water spewers is bumping against budget realities:

The plan for the controversial $50,000 fountains would be pared from 10 fountains to six under a staff recommendation that's up for debate Monday by a City Council committee. That's after the city has made turtle-like progress in moving ahead with the program, for which Rybak proposed earmarking money back in 2007.

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When the New Orleans Saints won their first Super Bowl appearance, I declared it the end of Hurricane Katrina. In evidence to support my assertion about the importance of that team to that city, last night New Orleans elected a new Mayor. Mitch Landrieu will replace Ray “Chocolate City” Nagin:

When he takes office May 6, Landrieu will become the city's first white chief executive since his father, Moon Landrieu, left the job in 1978. Early analysis shows that Mitch Landrieu's victory owed to widespread crossover voting by African-Americans, who make up two-thirds of the city's residents.