If you?ve been anxious for an update on Jamie ? the mom who was diagnosed with advanced breast cancer while pregnant, the mom who reached out to me to see if we could round up donated breastmilk for her baby girl ? I?m happy to point ?you to TIME.com. Bonnie Rochman reported on how Jamie is doing these days, and how we (that means all of *you*) helped make her wish for breastmilk for her baby come true.
More than 100,000 people read her post, and more than 100 said they could donate. In the end, Thomas? most realistic option was the offer from a group of moms in Orange County, Calif., where Thomas lives. Even before Thomas, who is 37, entered the hospital in October to give birth, the group had already dropped off its first batch of donor milk at her home. Breast Milk Donors Come to the Rescue of a New Mom with Breast Cancer ? TIME.com
Via Jamie Thomas and 22 Weeks And Cancer
Never forget how powerful women are, especially in numbers. We can move mountains. We can feed each other?s children. We can change and save lives.
You can stay up to date with Jamie?s journey and cheer her on over on her blog 22 Weeks And Cancer.?She has some precious pictures of her new baby girl up now! My thoughts and prayers are with her and her family as she continues to fight (mastectomy, chemo and radiation) while also managing life with a toddler and a newborn.
Best For Babes is still raising money via the Miracle Milk (TM) Fund for Jamie AND to ?Educate physicians about lactation management, breast care, and cancer warning signs while breastfeeding, so that any abnormalities can be found earlier.? Every donation counts!
When markets reopened in New York this week after Hurricane Sandy had ravaged the region, one Dow-listed darling scooted ahead of the crowd. Home Depot, which has already clocked a 45% gain YTD, jumped ahead another 2.5% before lunchtime. The logic here is simple enough. Investors were betting that the home improvement retailer would be one likely beneficiary from Hurricane Sandy. Homeowners need to repair their homes after the storm. Home depot has all their needs. What?s not to like?
Nothing, really. Taken in isolation, the havoc wrought by Hurricane Sandy probably is a boon for the retailer. At least in the short term. Roofs need repairing. Windows need fixing. Basements need bailing out. Hurricanes, along with earthquakes, natural disasters and the strange advent of DIY home improvement television programming, are good for Home Depot.
But that?s only part of the story. Sadly, it?s the part people lacking the ability to look past their own noses tend to focus on. Dr. Peter Morici, a professor at the Smith School of Business at the University of Maryland and former chief economist at the U.S. International Trade Commission, is one such person. For Morici, gauging the damage of Sandy is more than ?merely adding up insurance payouts and uninsured losses.?
Mired in myopia, the well-degreed professor wrote in a CNBC blog post that went to press just hours before Sandy made landfall on Monday: ?Disasters can give the ailing construction sector a boost, and unleash smart reinvestment that actually improves stricken areas and the lives of those that survive intact.?
Where the ?smart reinvestment? comes from, the professor doesn?t say. Lacking Morici?s academic qualifications, we?ll resort to taking a wild, pie-in-the-sky guess: it will come from?somewhere else.
In other words, the resources to which Morici refers will not be conjured out of thin air. The work will come as an opportunity cost to the community. Every brick laid, every roof mended, every man hour employed to repair the destruction left in Sandy?s wake will be a brick?a roof?a man hour not put to use somewhere else.
The lesson, as Bastiat, Hazlitt and countless others have sought to illuminate, is to take into account that which is unseen. That something is a benefit to one part of the economy says nothing about its effect on other sectors. More importantly still, is tells us nothing about its net effect.
Energy and resources do not magically appear, as the professor would have us believe, but merely change their form. Applied to chemistry, this law (sometimes known as the principle of mass/matter conservation) helped unshackle 19th century chemists from their crude fixation with alchemy. More than 100 years on, modern mainstream economists of Morici?s strange bent have yet to learn their lesson.
Not content to merely miss the point, the professor went out of his way to avoid it altogether when he continued, further in his post?
??rebuilding after Sandy, especially in an economy with high unemployment and underused resources in the construction industry, will unleash at least $15-20 billion in new direct private spending ? likely more as many folks rebuild larger than before, and the capital stock that emerges will prove more economically useful and productive.?
Following Morici?s tortured logic, one gets the feeling that he thinks hurricanes might actually be a net positive for the economy.
Not so fast. According to an estimate he cites, losses from Sandy would be ?about $35 to 45 billion.? So far, Morici has only shuffled $15-20 billion from one place to another. Still a net loss. Ah, but a good Keynesian never lets a natural disaster go to waste. Here he continues, summoning that most magical of tools, the ?multiplier effect.?
?Factoring in the multiplier effect of $15-20 billion spent rebuilding yields an economic benefit from reconstruction of about $27-36 billion. Add to that the gains from more a [sic] more modern and productive capital stock ? likely in the range of $10 billion ? and consumer and business spending that is only delayed but not permanently lost-likely in the range of $12 billion ? and the total effects of natural disasters of the scale of Sandy are not as devastating two years down the road.?
And there you have it. What was once seen as a multi-billion dollar natural disaster is really, when viewed through the broken lens of mainstream-approved academia, a multi-billion dollar boon to the economy.
This kind of illogical legerdemain is nothing new. Nor, it seems, will it be overcome anytime soon. An article published by Bloomberg Businessweek features the bloviating quackery of yet another destruction enthusiast.
?We definitely see stronger job gains in response to natural disasters, particularly when economies are coming out of recession,? Gus Faucher, senior economist at PNC Financial, ?who has researched the economic effects of natural disasters,? was quoted as saying.
Enlightening. Really. Why not just bulldoze the entire eastern seaboard, Mr. Faucher? Think of the job creation!
Of course, no discussion of the Broken Window Fallacy would be complete without at least a nod to Mr. Paul Krugman, vacant-eyed flag waver for the Alien Invasion Stimulus Plan. This is a man who has repeatedly referred to WWII as a ?public works program.?
Then, in the aftermath of 9/11, safe and sound in his Ivory Tower of Idiocy, Krugman announced:
?Ghastly as it may seem to say this, the terror attack ? like the original day of infamy, which brought an end to the Great Depression ? could do some economic good.?
Leave it to the New York Times, no less, to brandish this reproachable filth on their editorial pages. Shame!
Meanwhile, back on planet earth, hurricanes, wars and other disasters, both ?natural? and ?unnatural,? are devastating events that reduce ? rather than raise ? our standard of living. They wreck lives and property, level communities to rubble and ravage entire regions. Our thoughts today are with those who, instead of building on what they once had, must now exhaust scarce resources just getting back to where they once were.
It?s hard enough suffering a tragedy without some condescending twit telling you how, if only you employed their hackneyed thinking, it really is a good thing after all.
Regards,
Joel Bowman for The Daily Reckoning
Joel Bowman
Joel Bowman is managing editor of The Daily Reckoning. After completing his degree in media communications and journalism in his home country of Australia, Joel moved to Baltimore to join the Agora Financial team. His keen interest in travel and macroeconomics first took him to New York where he regularly reported from Wall Street, and he now writes from and lives all over the world.
TOKYO (AP) ? A U.S. airman is suspected of assaulting a young boy Friday on the southern Japanese island of Okinawa, authorities said. The incident comes just two weeks after a curfew was imposed on all 52,000 U.S. troops in Japan after the arrest of two Navy sailors for allegedly raping a local woman.
Authorities on Okinawa said the 24-year-old airman was suspected of entering an apartment and punching the 13-year-old boy before breaking a TV set and trying to escape through a third-floor window. The airman ? whose name has not been released ? fell and was taken to a military hospital.
Japan's Foreign Ministry said the government had lodged a formal complaint with U.S. Ambassador John Roos.
"Let me be absolutely clear: I am very upset ? it's an understatement to say I'm very upset ? with the reported incident in Okinawa," Roos said after meeting Japanese officials. "It is incredibly unfortunate that the purported actions of a few reflect badly on thousands of young men and women here in Japan, away from their homes, that are here for the defense of Japan."
Defense Minister Satoshi Morimoto called the incident "unforgivable."
Military-related crime is an emotional issue on Okinawa, and all U.S. troops in Japan were put under a curfew from 11 p.m. to 5 a.m. after the sailors were arrested for the alleged rape there on Oct. 16. Friday's incident is believed to have occurred at about 1 a.m.
The airman reportedly had been drinking in a bar on the building's first floor. He was being treated at a military hospital for possible broken bones and internal injuries, according to a statement by Kadena Air Base, where he is stationed.
"It is extremely regrettable when an alleged incident like this occurs," said Col. Brian McDaniel, the vice commander of Kadena's 18th Wing. "We are fully cooperating with Okinawan authorities on this investigation to ensure justice is served."
Local opposition to the U.S. bases over noise, safety and crime flared into mass protests after the 1995 rape of a schoolgirl by three American servicemen. The outcry eventually led to an agreement to close a major Marine airfield, but the plan has stalled for more than a decade over where a replacement facility should be located.
More than half of all U.S. troops in Japan are stationed on Okinawa, and the recent incidents have further inflamed tensions and distrust.
About 1,300 people held a protest earlier this week over the alleged October rape and the deployment of the Marine Corps' MV-22 Osprey to a base there. Many Okinawans believe the aircraft isn't safe to operate over their crowded cities.
MAINE (Open R, Sen. Olympia Snowe retiring) (Last month's rank: 2) National Republicans thought splitting the Democratic vote between former Gov. Angus King, running as an independent, ?and Democratic state Sen. Cynthia Dill could give their nominee, Secretary of State Charlie Summers, a window of opportunity. That window closed earlier this month, when King decided to break his no-negative-campaigning pledge ? a wise decision in this day and age. Now Democrats have to go to work getting him to break his no-caucusing-with-either-party pledge.
NEBRASKA (Open D, Sen. Ben Nelson retiring) (Last month: 1) Recent polling shows former Sen. Bob Kerrey pulling closer to Republican state Sen. Deb Fischer. Credit Kerrey ads that use a lawsuit Fischer filed against her neighbors in a land dispute ? a big deal in Midwestern politics. But "pulling closer" still means the Democrat trails by a wide margin, and support for Fischer is over 50 percent in almost every survey. She's still the easy favorite. National Democrats have made no moves that indicate they see things differently.
MASSACHUSETTS (R, Sen. Scott Brown) (Last month: 4) A Boston Globe poll released earlier this week gives Republicans hope in Sen. Scott Brown's chances at winning a full term. But internal numbers have already led most in the GOP to conclude Democrat Elizabeth Warren is too far ahead to catch. Warren successfully nationalized the race, tying Brown to a national party that's deeply unpopular in the Bay State. That sank him like a stone. Side note: Credit Warren's campaign with an internal turnaround. If she wins, it will be proof that a campaign can change tactics in the midst of a race and still pull out a win.
NORTH DAKOTA (Open D, Sen. Kent Conrad retiring) (Last month: 5) Rep. Rick Berg has popularity problems. But just as Elizabeth Warren has nationalized the Massachusetts race to her advantage, Berg has done the same in North Dakota, where the "D" after former Attorney General Heidi Heitkamp's name is a serious drag. Heitkamp is by far the better candidate, and her advertisements have been some of the best of the year. But the state's Republican electorate is starting to come home, and Berg has opened up a small ? but probably sufficient ? lead.
INDIANA (Open R, Sen. Richard Lugar defeated in primary) (Last month: 8) Rep. Joe Donnelly's hopes for winning a Senate seat were never really in his control. He needed state Treasurer Richard Mourdock to first beat Sen. Dick Lugar in the GOP primary and then?prove to voters he was too conservative for the state. Mourdock obliged on both counts, and afterhis ?comments on rape at last week's debate, even his internal surveys show the race tied. Indiana still tilts red, but Mourdock doesn't have a lot of time to repair the damage he's caused his own campaign.
MONTANA (D, Sen. Jon Tester) (Last month: 3) This race has been tied from the start; there weren't many Montanans who didn't have an opinion of heavy hitters Tester and Republican Rep. Denny Rehberg. Tester allies are smart to be advertising on behalf of Libertarian candidate Dan Cox; Democrats have always counted on Cox taking a number of voters who would otherwise be backing Rehberg. That's because Tester can get to 47 or 48, but he probably can't get to 50. His success depends largely on Cox's success. Both sides are pursuing a bevy of new base voters ? Native Americans for Tester, oil workers near the Bakken field for Rehberg.
WISCONSIN (Open D, Sen. Herb Kohl retiring) (Last month: 6) Tommy Thompson's campaign was starting to panic national Republicans. Their advertisements were weak, their candidate was virtually absent from the campaign trail, and Democratic Rep. Tammy Baldwin was gaining ground. Republican National Committee chairman Reince Priebus and Wisconsin Gov. Scott Walker stepped in, installed a much better campaign team and turned things around. Now, the race is close to a tossup. There are a few crossover voters on both sides ? Obama-Thompson voters are older Democrats, probably in the northern part of the state, while Romney-Baldwin voters want change at all costs ? but expect this race to track closely with the statewide presidential results.
NEVADA (R, Sen. Dean Heller) (Last month: 7) There was a time, not long ago, that Rep. Shelley Berkley was trying to create some space between herself and President Obama. Not anymore. There's probably no Democratic candidate who needs Obama to win more than Berkley, whose stump speech these days consists of a full-throated embrace of the president and not much else. GOP incumbent Dean Heller will benefit from a large number of Obama voters who cross over; Berkley needs Obama to win Nevada by as much as 7 or 8 percentage points if he's going to drag her over the finish line.
VIRGINIA (Open D, Sen. Jim Webb retiring) (Last month: 8) Throughout the month of September, Democrat Tim Kaine looked like he was starting to pull away from Republican George Allen as nonwhite voters who had already decided to back President Obama started tuning in to the Senate race. Republicans still see a path for Allen, though, especially if Romney wins Virginia. Allen's internal polls show him leading, even if some party strategists are a bit skeptical that the numbers are too rosy. But public polls, like a Washington Post survey last week showing Kaine up by 7 points, track much more closely with Democratic internals. We've always said Kaine will win bigger here than people expect.
ARIZONA (Open R, Sen. Jon Kyl retiring) (Last month: 11) This race has been more about the heretofore unknown challenger, Democrat Richard Carmona, than about Rep. Jeff Flake, who once looked set to waltz into the upper chamber virtually untouched. The latest scuffle is over a Carmona ad in which he touts nice things Sens. John McCain and Jon Kyl said about him during his Surgeon General confirmation hearings. Needless to say, McCain and Kyl don't like the ads, but it's a powerful spot Carmona is using wisely. Flake has an edge in internal polls, but the race is fluid enough that a big surge in Hispanic turnout could put Carmona over the top.
OHIO (D, Sen. Sherrod Brown) (Last month: 14) Republicans think we're totally misreading this race, and that Treasurer Josh Mandel is running much closer to Brown than the public polls suggest. Their theory: The tens of millions spent in Ohio, both at the presidential level and the Senate level, have polarized the entire state, meaning there simply won't be that many crossover voters. We still believe Brown is the heavy favorite, thanks in part to the lengths he went to in defining Mandel early as an unacceptable alternative. Brown won't win by 20, but this race will be called relatively early.
CONNECTICUT (Open I/D, Sen. Joe Lieberman retiring) (Last month: 12) To be frank, we thought something else was coming here. Republican Linda McMahon surged to a lead in September, then faded as national Democrats raced to defend Rep. Chris Murphy. Murphy now has a sustained lead, and Obama's performance here will only help him. McMahon's money ? she's spent nearly $100 million over two cycles running for Senate ? won't be enough to overcome the state's Democratic lean.
PENNSYLVANIA (D, Sen. Robert Casey) (Last month: 16) Republican Tom Smith has spent a lot of his own money too, and it's bought him a surprisingly close contest. Democratic Sen. Robert Casey is still the heavy favorite ? even Republicans we talk to don't think Smith can win in the end ? but the fact that he's in a tighter-than-expected race should serve as a warning to every incumbent: Your reelection is never guaranteed. Casey is getting a reputation as someone who doesn't work his state unless he's in-cycle, and local reporters grumble that he's never on the trail even when he is seeking reelection. Something to watch if, as rumor has it, he really does have his eye on the governor's mansion.
FLORIDA (D, Sen. Bill Nelson) (Last month: 12) This race has been more about GOP Rep. Connie Mack than it has about incumbent Bill Nelson. It's rarely a good thing for a challenger to become the focus of so much attention (Exception: Carmona in Arizona). Nelson has been in the driver's seat from Day One, despite more than $20 million spent against him by outside groups.
MISSOURI (D, Sen. Claire McCaskill) (Last month: 10) Senate Minority Leader Mitch McConnell told us he thought he would be able to say his party hadn't nominated any Sharron Angle-like unelectable candidates this year, until Rep. Todd Akin was nominated. Republicans wrote this race off the moment Akin's "legitimate rape" comments went public. McCaskill should have been an easy opponent to knock off; now, she's safely ahead.
MICHIGAN (D, Sen. Debbie Stabenow) (Last month: 17) Republican former Rep. Pete Hoekstra just never got the traction he needed to make this race close.
NEW MEXICO (Open D, Sen. Jeff Bingaman retiring) (Last month: 15) Republicans recruited the right candidate in ex-Rep. Heather Wilson. But in a presidential year in a state that's trending more toward Democrats, Rep. Martin Heinrich has been in the driver's seat almost since the beginning.
HAWAII (Open D, Sen. Daniel Akaka retiring) (Last month: 18) Here's another good Republican recruit ? former Gov. Linda Lingle ? who just couldn't cut through in a state President Obama will win with 65 to 70 percent of the vote. Democratic Rep. Mazie Hirono will be the next senator from Hawaii.
NEW JERSEY (D, Sen. Bob Menendez) (Last month: 19) Sometimes, New Jersey polling hints the state could be won by a Republican candidate. That didn't happen this year; Menendez will outpace state Sen. Joe Kyrillos by a wide margin.
WEST VIRGINIA (D, Sen. Joe Manchin) (Last month: --) Senate Minority Leader Mitch McConnell actually campaigned for Republican businessman John Raese, but we suspect that may have had as much to do with his feud with Sen. Joe Manchin over West Virginia University's decision to leave the Big East to join the Big 12. Voters in West Virginia are siding with the Mountineers; the Democratic incumbent is going to win.
Email has been with us for decades now, and most of us have at least one, and probably numerous, email accounts with inboxes in varying states. We access them via computers, tablets, and smartphones, and generally couldn?t do without email as one of the many forms of communication open to us in these enlightened times we live in.
However, each individual uses email in different ways, so we set out to discover the trend associated with this awesome-yet-under-appreciated method of keeping in touch with anyone and everyone else inhabiting the online world. This is all about email, as we explore who, when, why, what and how the MakeUseOf readership uses the electronic postal service.
All About Email: Who, When, Why, What, How?
We asked you, All About Email: Who, When, Why, What, How? There were a rather disappointing number of responses, which I blame on the fact that the subject matter was rather boring. Or perhaps it was the fact that there were five separate parts to the question, and very few people want to spend time building a suitable response to such an all-encompassing request for answers. My bad.
A smattering of what we learned from the comments thread (that you really should go read for yourself) was as follows:
Who? College professors, online friends, family members, business clients. When? Daily, when bored, every five minutes. Why? Instantaneous, accessible, free, all-in-one-solution. What? Newsletters for news consumption, jokes, important stuff. How? Gmail and Yahoo Web apps, Outlook, Hotmail.
Comment Of The Week
Those who answered the question in full all deserve a mention, so here goes: Shaurya Gupta, Scott Pickett, Nancy B, and Vipul Jain, as well as the winner of ?Comment Of The Week?, Lisa Santika Onggrid. Who, as well as the respect of myself and hopefully everybody reading this, receives 150 MakeUseOf points to use for Rewards or Giveaways.
Who and What: My friends still prefer SMS rather than emails, so I only use email to contact people I met online (including online forums), sending news to my editor (I?m freelancing for a newspaper), sending tech supports and software reviews, occasionally applying for newsletters.
When: I check my email every time I?m bored. But recently I set up an IFTTT recipe to send an SMS every time I receive a new email. It saves me so much time. I generally respond within 3 hours, but that could vary depending whether I have access to the Internet that day. I use the mobile version a lot, but just for reading. Composing long messages with phone is a chore.
Why: It?s instantaneous, available anywhere as long as I have my phone, as widespread as SMS, and I don?t like social media. Email is still prevalent in today?s life, contrary to what some people like to believe. It?s not dead yet.
How: Web apps in browser. I?ve trying some email clients, but I like to think: ?Well, I?m connected to the Internet so why don?t I check the site myself?? but I?m starting to like being able to access and sort my mails offline. I bookmark Ymail and Gmail in my phone, using IFTTT to connect my inbox to SMS notifications.
As well as that full and frank response to the question, Lisa also entered into discussion on a number of other people?s comments, which was enough to make her input stand out over everybody else?s input.
We will be asking a new question tomorrow, so please join us then. We Ask You is a weekly column dedicated to finding out the opinions of MakeUseOf readers. We ask you a question and you tell us what you think. The question is open-ended and is usually open to debate. Some questions will be purely opinion-based, while others will see you sharing tips and advice, or advocating tools and apps for your fellow MakeUseOf readers. This column is nothing without your input, all of which is valued.
The nuclear reactors in Hurricane Sandy?s path mostly handled the storm well ? better than other parts of the region?s electric system.
But one reactor, on the New Jersey coast, declared a low-level emergency because rising water threatened to submerge pumps it uses to pull in cooling water.
That plant, Oyster Creek, in Toms River, about 60 miles east of Philadelphia, had shut a week earlier for refueling, but still had cooling requirements, especially for its spent fuel pool, where fuel used decades ago is stored; that fuel must be kept submerged, and continues to generate waste heat.
Oyster Creek declared an alert, the second lowest on the four-step emergency scale established by the Nuclear Regulatory Commission, on Monday night. If the operators had been forced to turn off the water-intake pumps, they might have had to use fire hoses to add water to the pool, to make up for evaporation as it heated up.
According to the Nuclear Regulatory Commission, without any cooling, the pool would have taken about 25 hours to reach the boiling point, giving the operators time to implement an alternate cooling method.
Neil Sheehan, a spokesman for the commission, said that the operators of the plant, which is owned by Exelon, had moved a portable pump into the threatened building in case the regular pump had been submerged, but they had not had to use it. In a statement, David Tillman, a spokesman for Exelon, the plant?s owner, said that no water had flooded into the plant and that ?all safety and backup systems operated fully and reliably.?
The reactor?s operators hoped to exit the alert status on Tuesday.
The number of alerts declared at plants around the country is usually a handful a year. According to the N.R.C. definition, an alert means ?events are in process or have occurred which involve an actual or potential substantial degradation of the level of safety of the plant.? Radiation releases, if any, are expected to be a small fraction of the level that would require action offsite, according to the definition.
In Buchanan, N.Y., Indian Point 3 shut down at 10:41 on Monday night because of a disturbance on the high-voltage grid, but Indian Point 2 continued running. Upstate, Nine Mile Point 1 automatically shut down when the flow of power into the plant failed; Nine Mile Point 2 also felt the disturbance but its emergency diesel generators started up and it kept running, Mr. Sheehan said. Nuclear plants deliver huge quantities of electricity to the grid, but they run some of their equipment on power drawn from the grid, so that if they shut down suddenly, their equipment is still powered.
Three reactors reduced power, partly at the urging of the regional grid operators, who said that if one of the plants had failed suddenly at full power, the loss would destabilize the system. Those were Millstone 3, in Waterford, Conn., and Limerick 1 and 2, in the Pennsylvania town of the same name, northwest of Philadelphia.
Some reactors also reported that some of their emergency sirens had been knocked out by the storm.
The NRC said it would continue to monitor the affected plants.
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Email has been with us for decades now, and most of us have at least one, and probably numerous, email accounts with inboxes in varying states. We access them via computers, tablets, and smartphones, and generally couldn?t do without email as one of the many forms of communication open to us in these enlightened times we live in.
